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Saudi Arabia’s sovereign asset is bankrupt European property Tykun Renny Becko has demanded the family out of their palace house in Insbook, as it wants to recover millions of losses from the fall of the Signa Group.
In a letter seen by the Financial Times, lawyers are acting in favor of a supporting organization Saudi public investment funds (PIF) Laura wrote to the Trustees of the Foundation, a Litchtenstein -based entity that Beaco was used to manage its personal resources, demanding that the beneficiaries stop paying all the payment to the beneficiaries.
“We. The The Emergency claimed that the Laura Foundation took all steps to immediately remove the Beau family from the property in the Villar Steg, Insbrook-Iigles, which is owned by the Laura Foundation’s auxiliary agency, “28th January.
A complete illustration of how far the demand is Bench Has fallen
At the height of his success, he was one of the richest property entrepreneurs in Europe, encouraged by senior politicians in German -speaking Europe.
For a while, some of the luxurious properties seemed to be out of his perception: with partner investors, he acquired the Sepfridge, Berlin’s Kadeu and New York’s Chrysler building in London.
Villar Stig 2, located in a plateau, ignoring the western Austrian city, was the main residence of Benco and was one of the worrying property of Alps.
It was intended by Beko in 2018 after the destruction of a large hotel on the site.
His property empire burned a clearly stylish life – luxurious houses around Europe – which lasted up to the persuasm of Singer 16 months ago.
A few hours before Signer’s fall in November 2021, Beneko was portrayed his personal jet from his house to Barcelona in Barcelona for shopping with his wife in Austria.
Investors Siga Now pay billions. Saudi PIF is one of the largest creditors of the single single. Total, PIF is a hundred million donations by the collapsed signa entity.
Administrators have warned the credits that they can only get back to a part of their money.
The broad nature of the Sigana group – which consists of hundreds of separate organizations, has no centrally integrated account – the complex effort to recover was complicated.
Benco’s own personal financial issues that were associated with group entities are especially focused now.
Be Be Beko last month Austrian police arrestedThe
Prosecutors have accused him of making misinterpretation in the insolvent activities in an attempt to embrace wealth.
The Laura Foundation, named after Beko’s daughter, is also at the center of their investigation. They complain that he maintains the foundation control at the length of a weapon and used it to hide the true scale of his assets.
“He had hidden the wealth and excluded the assets kept on the basis of law enforcement authorities, administrators and creditors,” they said in a statement that the telephone surveillance included proof of gathering in multiple months of investigation.
Financial Times Reported last year A Siga Group has transferred more than $ 300 million to two entities controlled by that foundation before the organization.
Benco’s lawyer did not respond to any request for the comment.
His lawyer said in December that Beaco denied the allegations against him. “Any complaint against him can be made clear enough to be made clear,” he said.
Saudi PIF refused to comment.
Additional Report of Ahmed Al Omran
