Hints and tips:
Related Special Reports
...A Signa Group company transferred more than €300mn to two entities controlled by the family of its Austrian founder René Benko before the collapse of the property giant, according to financial documents...
...Creditors of René Benko’s Signa have filed a criminal complaint with Austrian anti-fraud prosecutors, calling for an urgent investigation into the collapsed property group....
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
...Creditors of one of the main companies in René Benko’s Signa Group have alleged it fell into insolvency because of “illicit” financial transactions, not a downturn in the European property market....
...Austria’s anti-corruption prosecutors have opened an investigation into property mogul René Benko for allegedly defrauding a bank....
...Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels...
...Further reading:— Signa unravelled: inside René Benko’s debt-laden property empire (FT)— Signa sold prized KaDeWe property at cut price (FT)— How Austria’s political elite helped René Benko’s rise (FT)...
...For years René Benko cultivated close political relationships in his native Austria....
...René Benko’s two foundations, which are opaque, sit at the top....
...Billionaire property developer René Benko has been ousted from his real estate empire Signa amid a cash crunch that threatens to hit European lenders exposed to the indebted Austrian group....
...Timo Herzberg, an appointee and ally of Signa founder René Benko, has had his contract terminated with immediate effect, the group said on Monday evening....
...Liechtenstein’s chief public prosecutor has opened an investigation into the financial affairs of the Austrian property mogul René Benko for possible money laundering and fraud in the tiny, secretive alpine...
...The rapid unravelling of the group has left lenders across Europe racing to assess their exposure to the business empire of Austrian billionaire René Benko and work out what claims they might have on Signa...
...Signa has appointed a new chair to spearhead a restructuring of the indebted European property group after shareholders rebelled against founder René Benko....
...In today’s newsletter: An Austrian money trail UAE deals face scrutiny in UK China’s ‘snowball’ derivatives melt Signa’s missing millions The collapse of billionaire René Benko’s property empire Signa...
...In November, one of Globus’s ultimate co-owners, René Benko’s Signa Group, collapsed. This tale is really Signa’s story....
...So its founder René Benko did one of the things he did best: he threw a party....
...John Warren’s letter “Plaudits for piece tackling the civilisation myth” (February 23) invokes a difference in notation to trivialise western maths: the admitted superiority of Arabic algebraic symbols over...
...According to people with knowledge of its dealings, one of the early pieces of business the division wrote was a bridge loan to help property group Signa and its owner René Benko buy a 50 per cent stake...
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...René Pape, after disgracing himself with a homophobic social media outburst last year, says he had depression and alcoholism and took some time out....
...The administrator for the company at the centre of René Benko’s property empire has sacked the party planners, receptionists, hunters and private jet crew that together made up most of its staff, a court...
...Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb....
...to Signa Holding, the company at the centre of René Benko’s crisis-stricken European luxury property empire, on Tuesday announced they were making most employees of the company redundant as they raced to...
...Austrian property mogul Rene Benko is known for throwing lavish parties. Now the music has stopped, the dancing is over and the hangover is kicking in....
International Edition