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Headlines

Austrian court finds former property tycoon Benko guilty of fraud

Published by Global Banking and Finance Review

Posted on October 15, 2025

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INNSBRUCK, Austria (Reuters) -An Austrian court found former property billionaire Rene Benko guilty of one count of insolvency-related fraud on Wednesday, his first criminal conviction related to the collapse of his real estate group Signa, but cleared him on a second count.

The court in his home city of Innsbruck handed him a sentence of two years in prison over a 300,000 euro ($348,600) transfer to his mother, ruling that it was an attempt to keep it from creditors.

($1 = 0.8606 euros)

(Reporting by Francois Murphy and Alexandra Schwarz-Goerlich, Editing by Louise Heavens)