By Alexandra Schwarz-Goerlich
Austria’s anti-corruption prosecutor has opened an investigation into Rene Benko, head of the crisis-ridden Signa property group, on suspicion of fraud, ORF radio reported on Tuesday citing the prosecutor’s office.
According to the report, prosecutors opened the case over a 25 million euro ($26.57 million) line of credit from an Austrian bank that would have expired last summer, but was then extended. Benko is alleged to have misled the bank about Signa’s financial situation.
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