Signa insolvency
Fressnapf founder sues the Benkos’ private foundation
Fressnapf founder and Signa investor Torsten Toeller is trying to get back at least some of the money he invested in René Benko's now insolvent Signa Group. Toeller has filed a lawsuit against the Laura Private Foundation, which Benko founded with his mother Ingeborg, reports the German news magazine "Spiegel".
Toeller's investment company Fressnapf Luxembourg had used the option promised by Benko to return its 4.5 percent stake in Signa Holding. However, the investment company never received the money for this, reports "Der Spiegel".
The corresponding lawsuit has been pending at the Vienna Commercial Court since the beginning of August.
Gift agreement drawn up?
Information suggests that Benko could be living off gifts of money from his mother Ingeborg. His mother, a retired kindergarten teacher, is the beneficiary of two private foundations. She is said to have drawn up a new gift agreement with her son months ago.
According to "Spiegel", a lawyer for Laura Privatstiftung left the lawsuit uncommented and did not comment on the gift agreement. René Benko's lawyer also made no comment in response to a written request from APA.
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