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NEWS: Munich prosecutor opens AML investigation into collapse of Signa property empire

AML PROBE: The Signa group owns stakes in Selfridges and the Chrysler building, New York City's skyscraper that was opened in 1930 on East 42nd Street, Manhattan, New York, U.S.

By ALISHA HOULIHAN for AML Intelligence PROSECUTORS in Munich today (Wednesday) confirmed they have launched a money laundering investigation into the collapsed property company, Signa. It comes as creditors of one of the main companies in René Benko’s Signa Group claimed it fell into insolvency because of “illicit” financial transactions, not a downturn in the…

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