The founder of the Signa real estate group was arrested on Thursday. This is reported by several Austrian media. He was investigated for fraud and several insolvency offenses. The entrepreneur, a Benko family foundation and several Signa sub-companies became insolvent in 2024. Their liabilities are said to total around 7.5 billion euros. The holding company and the core companies of the nested Signa Group had already filed for bankruptcy in 2023.
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