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Austrian Court Sentences René Benko to Two Years in First Criminal Verdict of Signa Collapse

The decision marks the first criminal judgment in the sprawling Signa insolvency, with further cases expected.

Overview

  • Judges in Innsbruck found Benko guilty of harming creditors over a €300,000 transfer to his mother but acquitted him over a €360,000 rent prepayment for a villa.
  • The two-year prison term is unconditional, and time already spent in pre-trial detention will be credited as he remains in custody.
  • The verdict is not yet final, and Benko’s defense signaled it will likely challenge the ruling on appeal.
  • Prosecutors say the case is one strand of roughly 14 ongoing investigations tied to the Signa collapse, a group that encompassed more than 1,130 entities.
  • Court testimony put Benko’s insolvency estate at about €900,000 against roughly €45 million in acknowledged claims, and the judge noted the €300,000 threshold that shapes sentencing and the need for deterrence.