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3h ago

Ruling Expected Today in Rene Benko Fraud Trial in Innsbruck

Prosecutors say the collapse of his Signa empire left roughly €300 million in alleged damage.

Austrian former billionaire Rene Benko arrives for his trial, in the first case tackling the collapse of his property group Signa, in a courtroom in Innsbruck, Austria, October 14, 2025. REUTERS/Leonhard Foeger
Austrian former billionaire Rene Benko arrives for his trial, in the first case tackling the collapse of his property group Signa, in a courtroom in Innsbruck, Austria, October 14, 2025. REUTERS/Leonhard Foeger
Austrian former billionaire Rene Benko arrives for his trial, in the first case tackling the collapse of his property group Signa, in a courtroom in Innsbruck, Austria, October 14, 2025. REUTERS/Leonhard Foeger
Austrian former billionaire Rene Benko arrives for his trial, in the first case tackling the collapse of his property group Signa, in a courtroom in Innsbruck, Austria, October 14, 2025. REUTERS/Leonhard Foeger

Overview

  • The Innsbruck case focuses on about €660,000 prosecutors say was shielded from creditors, including roughly €360,000 in up-front house payments and €300,000 given to his mother.
  • Benko has pleaded not guilty, with his lawyer disputing the allegations in court.
  • Prosecutors estimate the broader damage linked to the Signa collapse at around €300 million as multi-case investigations continue.
  • He has been held since his January arrest and could face up to 10 years in prison if found guilty in this case.
  • A separate charge filed in September accuses him of hiding cash and 11 luxury watches and accessories valued at about €370,000.