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Finance Prokuratur Targets Benko Foundations Ahead of Innsbruck Trial

Authorities flag opaque Luxembourg money routes that demand a full tracing through Signa’s 1,130-company network.

Overview

  • Wolfgang Peschorn called for a reconstruction of asset transfers and access to private foundations linked to René Benko.
  • A two-day hearing on October 14–15 in Innsbruck will probe alleged concealment of assets, with eight witnesses including former finance chief Manuel P., Benko’s mother Ingeborg and his sister.
  • Prosecutors cite €660,000 in suspected hidden assets in the immediate case, which carries a potential sentence of up to 10 years.
  • Officials say substantial funds flowed through Luxembourg entities and cannot rule out recycled money returning to Signa or potential laundering.
  • Benko, held in pre-trial detention since January, denies the accusations, as authorities also note 156 insolvency proceedings tied to Signa and compare the oversight failures to Wirecard.