Anti-corruption prosecutors are probing a loan made by a private bank to Signa property group
After the March insolvency of the Austrian family foundations, investors are asking where the tycoon’s fortune has gone
Administrators expect to recoup only 30 per cent of recognised claims through asset sales
Preliminary investigation initiated into Bavarian developments by collapsed luxury property group
Administrator investigating cash outflows and payments from SDS entity of more than €600mn
Benko achieved billionaire status from a European property empire that started disintegrating last year
Groups representing dozens of lenders say Signa properties being sold or transferred with limited transparency
Group of creditors to René Benko’s property empire seek urgent investigation into collapsed group
The struggles of two Swiss retail institutions and the collapse of René Benko’s Signa Group reveal a waning business model
Philipp Rickenbacher will leave Swiss wealth manager after loans to troubled property group soured
Philipp Rickenbacher will be replaced by his deputy as bank exits its private debt business
Holding company of Rene Benko’s luxury property group hit with €8.6bn claims from creditors
Plus, the UK flags deals from UAE buyers and a ‘snowball’ derivative crisis grips China
Disclosure raises fresh questions about how much lenders can hope to recoup from collapsing property group
Documents show administrator does not expect the money to be recouped
Collapsed property empire’s development of Hamburg’s ‘Elbtower’ was once championed by Olaf Scholz
Erhard Grossnigg wants cash to avoid selling incomplete projects at knockdown prices
Not so much a firesale as a smoke Signa
Collapsed European property company founded by René Benko faces painful wind-down, warns administrator
Investigators are probing whether property tycoon benefited from sweetheart terms on key developments
European property developer’s collapse could spell trouble for the commercial real estate sector
René Benko’s indebted group relied heavily on funding from German insurance groups
Boards of troubled luxury real estate group say contract of Timo Herzberg terminated with immediate effect
Plus, bankruptcy protections face a Supreme Court test and Toyota fuels rising hopes of a governance revolution in Japan
Non-essential staff made up the bulk of property holding company’s staff, court filing shows
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