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yesterday

Prosecutors File Second Indictment Against René Benko Over Alleged Hidden Assets

Prosecutors accuse him of hiding cash with luxury watches at a relative's home to hinder creditors.

Die österreichische Staatsanwaltschaft hat eine zweite Anklage wegen Betrugs gegen den Unternehmer René Benko erhoben. Dabei geht es unter anderem um beiseite geschaffte Uhren und Manschettenknöpfe.
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Overview

  • Austria's anti-corruption office (WKStA) charged Benko with fraudulent bankruptcy, alleging nearly €370,000 in cash and valuables were concealed in a safe at a family member's house.
  • The filing details €120,000 in cash plus eleven high-end watches, cufflinks and straps valued at almost €250,000.
  • Benko remains in pre-trial detention in Vienna, which was extended to 10 November 2025, and he denies the allegations through his lawyer.
  • A first indictment from July was accepted by the Innsbruck court, with the trial scheduled for 14–15 October; the offense carries a potential sentence of one to ten years.
  • Prosecutors say broader Signa-related probes target alleged serious fraud and creditor favoritism involving more than a dozen suspects, with estimated damages around €300 million.