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René Benko’s First Criminal Trial Opens in Innsbruck as Court Adjourns to Wednesday

Prosecutors accuse the Signa founder of moving about €660,000 out of creditor reach in a case that signals the start of a broader, multi-country legal reckoning.

Overview

  • The 48-year-old pleaded not guilty and declined to answer questions, as the opening session ended after roughly two hours and is set to resume Wednesday with witness testimony.
  • Charges center on a roughly €360,000 advance for a villa lease and a €300,000 transfer to a relative, which prosecutors say shielded assets from creditors; the defense argues the lease had value and the advance was refundable.
  • Benko has been in pre-trial detention since January 2025 and was brought to the Innsbruck court from custody, with around 70 accredited journalists observing the proceedings.
  • A verdict could come as early as Wednesday in this case, which carries a potential sentence of one to ten years under Austria’s ‘betrügerische Krida’ statute.
  • Parallel investigations span Austria, Germany and Italy, including a separate indictment over a hidden safe with €120,000 in cash and luxury items, as authorities also scrutinize complex foundation structures and large creditor claims.