The corruption investigation into René Benko has called on the German financial market authority Bafin to take action. Check Bafin, FMA and ECB.
The “Spiegel” reported in its Saturday edition. According to the news magazine, regulators are said to have “contacted those German banks and insurance companies that do business with Signa” after the searches in Signa offices.
The focus of the accountants is institutions that have funded Benko’s projects such as the Elb Tower in Hamburg with billions. “The regulators now want to get an up-to-date overview of how high the risk of defaults could be,” the magazine writes.
And: The European Central Bank (ECB) and the Austrian financial regulator FMA are also said to be “looking at the connections of the banks they oversee with Benko”.
The “Mirror” reads: “Should the billionaire ultimately be convicted, it could have devastating consequences for his conglomerate. A business partner warns that he is the only one holding his complex corporate empire together.”
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
