Rene Benko, the founder of Sigma, a property group that has significantly suffered during Europe's property downturn, was arrested by Austrian prosecutors at his villa in Innsbruck. The arrest stems from accusations of falsifying an invoice and attempting to hide assets from creditors following Sigma's declaration of insolvency at the end of 2023. Prosecutors expressed strong suspicions of multiple criminal offenses, indicating that Benko had concealed ownership of a private foundation, complicating his bankruptcy situation further.
The prosecutors' office in charge of economic crimes and corruption ordered the arrest of Signa founder Rene Benko on suspicion of falsifying invoices.
Benko was said to be the 'de facto ruler and beneficial owner' of a private foundation and to have concealed this amid his personal bankruptcy.
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