Austrian district attorneys on Thursday stated Rene Benko, that established the residential or commercial property team Sigma, was jailed at his rental property in Innsbruck.
The firm came to be the most significant casualty of Europe’s residential or commercial property decline, with lenders looking for to recuperate what they can because it stated bankruptcy.
“The prosecutors’ office in charge of economic crimes and corruption ordered the arrest of Signa founder Rene Benko,” a declaration from the district attorney’s workplace stated.
It stated the apprehension got on uncertainty of misstating a billing and attempting to conceal properties from lenders.
Benko’s Signa Holding applied for personal bankruptcy at the end of 2023. Among Signa’s German properties was the chain store chain Galeria.
Prosecutors introduced that there was “strong suspicion” of a number of criminal offenses.
Benko was stated to be the “de facto ruler and beneficial owner” of a personal structure and to have actually hidden this in the middle of his individual insolvency. In doing so, he purportedly hid properties.
This is a creating tale that will certainly be upgraded …
rc/nm (dpa, AFP, Reuters)
