Signa Founder Rene Benko Arrested in Austrian Fraud Probe
- Benko’s group once held assets including Chrysler Building
- Allegations touch Italian lakeside villas, luxury watches
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Austrian authorities have arrested Rene Benko, founder of the insolvent Signa property and retail empire, as part of investigations into suspected fraud.
Anti-corruption prosecutors ordered the arrest due to the alleged risk of attempts to obstruct justice, the agency, WKStA, said in an emailed statement.