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René Benko's Fraud Trial Begins in Innsbruck

Benko's trial starts today, focusing on his alleged actions during insolvency. The outcome could reveal details about his business dealings and the extent of the alleged fraud.

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The picture is clicked inside a building. On the top two bicycles are hanged. In the right there is...
The picture is clicked inside a building. On the top two bicycles are hanged. In the right there is a glass window. This is an entrance. In the left there is metal tube.

René Benko's Fraud Trial Begins in Innsbruck

René Benko, once a billionaire and founder of Signa, faces trial on October 14 and 15 at the Innsbruck Regional Court. He is accused of fraudulent insolvency, with estimated damages of €660,000. Benko, previously held in Vienna's Josefstadt prison, was transferred to Innsbruck ahead of the trial.

Benko's trial follows his alleged actions during insolvency as a sole proprietor, involving hiding assets. The court will examine his role in a complex network of companies, including investments in prominent real estate and companies like the Elbtower in Hamburg and Galeria department store group. The trial is expected to reveal details about Benko's business dealings and the extent of the alleged fraud.

René Benko's trial begins on October 14 and 15 in Innsbruck. The outcome will determine the fate of the former billionaire and his role in the alleged fraudulent insolvency. The trial is set to provide clarity on the estimated €660,000 in damages and Benko's involvement in the complex network of companies.

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