Austrian court convicts fallen property tycoon Benko of aggravated fraud

​An Austrian ‌court convicted fallen ​property tycoon Rene Benko ‌of aggravated fraud on Thursday, sentencing him to two years ‌in prison at his third criminal ‌trial after two earlier convictions for insolvency-related fraud. The aggravated fraud ⁠charge ​centred ⁠on a roughly €5 million guarantee ($5.6 million) ⁠Benko gave Austrian industrialist ​Hans Peter Haselsteiner's family trust in ⁠November 2023 in relation to an ⁠investment ​in Signa shortly before its collapse. ⁠He was acquitted on a separate ⁠charge ⁠of insolvency-related fraud.

($1 = 0.8880 euros)