René Benko Business Scandal: Abu Dhabi's Ruling Family Demands Millions Back

People › Other ♦ Published: May 14, 2024; 12:28 ♦ (Vindobona)

The ruling family of Abu Dhabi, led by Crown Prince Mohamed bin Zayed al Nahyan, is demanding the return of 250 million euros from René Benko via the International Court of Arbitration (ICC) in Paris.

René Benko with the then Chancellor Sebastian Kurz at an audience with Crown Prince Mohammed bin Zayed Al Nahyan in Abu Dhabi. / Picture: © Bundeskanzleramt (BKA) / Dragan Tatic

According to the news magazine Spiegel, the family lent the now insolvent real estate investor this sum from their private assets, in part as late as 2023, when the financial difficulties of his company…

or Log In

Fast News Search
Related News
Republic of Austria Opposes Restructuring of Signa Development (May 1, 2024)
Emirati State Fund Mubadala Fails with Claim Against Signa Holding (December 21, 2023)
Rene Benko and the Future of the Signa Group: Silence Before the Storm? (November 6, 2023)
Read More
UAE United Arab Emirates, Signa Insolvency, Signa Holding, Sebastian Kurz, Rene Benko, Real Estate Industry, OMV-ADNOC Deal, OMV, Mubadala, Mohamed bin Zayed al Nahyan, Insolvencies, ICC International Court of Arbitration, Borealis, Abu Dhabi
Featured
See latest Vindobona Newsletter