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René Benko Goes on Trial in Innsbruck for Alleged Insolvency Fraud

The two-day hearing marks the narrow first test in a far larger cross-border probe of the Signa collapse.

Overview

  • Prosecutors accuse Benko of shielding about €660,000 from creditors, including roughly €360,000 in rent prepayments for a Hungerburg villa and a €300,000 transfer to a relative.
  • The proceeding is set for October 14–15 with eight witnesses listed, among them his mother and sister, as around 70 journalists attend.
  • Benko has been in pre-trial detention since his January 2025 arrest, and Tuesday’s appearance is his first in public since then.
  • Authorities describe this case as an opening move in roughly 14 domestic investigative strands, alongside related inquiries in Germany and Italy and a second indictment over a hidden safe with luxury items and cash that also involves his wife.
  • The Signa collapse is considered Austria’s largest postwar corporate failure, with creditor claims reported in the tens of billions of euros.