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The sovereign wealth fund in the Kingdom of Saudi Arabia called for the evacuation of the Bottan Family Diabetable René Pinko from their luxurious house in Innsbruck, as it seeks to recover millions of losses from the collapse of the Signa Group.

In a message that the Vinanchel Times sees, lawyers are behaving for a subsidiary of a subsidiary of Saudi General Investment Fund (PIF) wrote to the Trustees of the Laura Foundation, an entity based in Liechtenstein used by Pinko to manage his personal wealth, and demands that it stop all payments for the beneficiaries.

“We.. Urgently asks that the Laura Foundation take all steps to remove the Binko family immediately from the property in Viller Steig, Innsbruck-GLS, owned by Laura Foundation,” the message, on January 27.

The request is a blatant clarification to any extent seat He has a fall.

At the height of his success, he was one of the richest entrepreneurs in Europe, which was carried out by the leading German politicians in Germany.

For a while, a few luxury real estate looked out of his grip: with partner investors, he got Silverdes in London, Cadoy in Berlin and the Chrysler Building in New York.

The house in Viller Steig 2, which is located on a plateau overlooking the Austrian West City of Innsbruck, was a major headquarters in Benko and is one of the most separate properties in the Alps.

It was designed by Benko in 2018, after demolishing a large hotel on the site.

His empire fueled the property clearly a lifestyle – with luxurious houses spread throughout Europe – continued until Signa separated 16 months ago.

Hours before the collapse of Signa in November 2023, Benko was photographed taking his own plane to Barcelona from his home in Austria for a period of afternoon shopping with his wife.

Investors in sign Country now billions. Saudi PIF is one of the largest creditors. In total, PIF is worth hundreds of millions by the collapsed Signa entities.

The creditor officials have warned that they are likely to prepare a small part of their money.

The sprawling nature of the Signa Group – which consisted of hundreds of individual companies, with no centralized central accounts – is complicated by recovery efforts.

The extent of the focus of BENKO’s personal financial affairs with collective entities is now in particular.

Last month it was Pinko It was arrested by the Austrian police.

Public Prosecutors accused him of inaccurate statements during insolvency procedures in an attempt to store assets.

Laura Foundation – which was called the name of Penco’s daughter – is also at the Investigation Center. They claim that it maintains the basis over the length of the weapons and used it to hide the true scale of its wealth.

They said in a statement, “The assets were hidden and the wealth that was kept in the institution was excluded from law enforcement authorities, the officials and creditors,” noting the evidence collected in a multi -monthly investigation that included telephone monitoring.

Financial times I mentioned last year The Signa Group Company has transferred more than 300 million euros to two entities controlled by this basis before insolvency.

Benko’s lawyer did not respond to a comment for comment.

His lawyer said in December that Benko denied the charges against him. “Any allegations against him can be essentially incorrect,” he said.

Saudi PIF refused to comment.

Participated in additional reports from Ahmed Omran