From Glory to Crash: The Arrest of the Austrian Tycoon Marks a Shift in the Real Estate Market.

René Benko's Signa Holding once held a 50% stake in New York City's iconic Chrysler Building and a 40% stake in the UK's Selfridges department stores.

The founder of fallen Austrian property group Signa, Rene Benko, has been arrested on suspicion of falsifying a receipt and ...

Benko, 47, who has previously denied wrongdoing, became a self-made billionaire by building Signa from the ground up, borrowing heavily in an era of super-low interest rates that began to end in 2022.

Austrian property tycoon Rene Benko's empire, Signa Holding, collapsed amidst legal troubles and massive debt. After declaring insolvency, Signa's assets faced selloffs and subsidiaries went bankrupt.

Anti-corruption officials said Thursday that they had taken fallen real estate tycoon Rene Benko into custody as part of a fraud probe, alleging the founder of the insolvent Signa group had attempted ...

The magnate was arrested on Thursday on suspicion of falsifying an invoice and trying to hide assets from creditors, according to prosecutors.

The former co-owner of Selfridges has been arrested in Austria on suspicion of fraud following the implosion of his property empire Signa ...

Rene Benko, who founded the property group Sigma, has been arrested at his villa in Innsbruck, Austrian prosecutors said Thursday. The company became the biggest casualty of Europe's property downturn ...

VIENNA - The founder of fallen Austrian property group Signa, Rene Benko, has been arrested on suspicion of falsifying a ...

Austrian property tycoon René Benko has been arrested, as Vienna’s criminal prosecutors accused him of making inaccurate statements during the insolvency proceedings of his Signa property holding in ...