Benko ruling in Liechtenstein: 50 million euros secured for creditors

The highest court therefore followed the arguments of Benko’s liquidator Andreas Grabenweger, who has been trying to gain access to the Benkos’ assets since the end of the previous year.

Just the previous week, Benko received a non-legally binding additional sentence of two years’ unconditional imprisonment from the Innsbruck regional court for serious fraud against his investor Hans Peter Haselsteiner receive.

The creditors’ claims against Benko total more than two billion euros. The Signa Group’s bankruptcy amount is more than 30 billion euros.

As a next step, a court of first instance is formally responsible again to determine the exact amount of the creditors’ claims. The claims were secured by the decision of the highest judge.