Austrian police arrested real-estate magnate René Benko Thursday on suspicions he hid assets from creditors of his bankrupt companies and tried to obstruct justice. Benko, the subject of a Wall Street

Austrian property tycoon Rene Benko can remain in custody for a further 14 days, a Vienna court ruled on Friday, after the founder of collapsed property group Signa was arrested on Thursday on suspicion of trying to hide assets from creditors.

VIENNA (Reuters) - Austrian property tycoon Rene Benko can remain in custody for a further 14 days, a Vienna court ruled on Friday after the founder of collapsed property group Signa was arrested on Thursday on suspicion of trying to hide assets from creditors.

The founder of fallen Austrian property group Signa, Rene Benko has been arrested on suspicion of fraud, prosecutors say. Rene Benko, who founded the property group Sigma, has been arrested at his villa in Innsbruck,

The founder of fallen Austrian property group Signa, Rene Benko, has been arrested on suspicion of falsifying a receipt and trying to conceal assets from insolvency administrators and creditors, prosecutors said on Thursday.

Fallen Austrian property tycoon Rene Benko appears before a parliamentary commission of inquiry looking into economic aid given to companies during the COVID-19 pandemic including those in his Signa empire,

Former real-estate tycoon René Benko, who is under investigation for fraud, has been arrested due to the risk of him committing further offences and tampering with evidence, Austrian prosecutors said on Thursday.