Item 1 of 2 Austrian former billionaire Rene Benko waits for the start of his trial, in the first case tackling the collapse of his property group Signa, in a courtroom in Innsbruck, Austria, October 15, 2025. REUTERS/Leonhard Foeger
INNSBRUCK, Austria, Oct 15 (Reuters) – An Austrian court found former property billionaire Rene Benko guilty of one count of insolvency-related fraud on Wednesday, his first criminal conviction related to the collapse of his real estate group Signa, but cleared him on a second count.
The court in his home city of Innsbruck handed him a sentence of two years in prison over a 300,000 euro ($348,600) transfer to his mother, ruling that it was an attempt to keep it from creditors.
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($1 = 0.8606 euros)
Reporting by Francois Murphy and Alexandra Schwarz-Goerlich, Editing by Louise Heavens
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