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WKStA - Wirtschafts- und Korruptionsstaatsanwaltschaft Oesterreich
Trial to Begin in René Benko Case Involving Non-Transparent Cash Flows and €30 Billion in Claims
Just under two years after the spectacular collapse of the Signa empire founded by René Benko, the 48-year-old investor is facing a turning point: the first criminal trial begins next Tuesday at the Innsbruck Regional Court. While the judiciary accuses him of concealing assets from creditors, the investigating authorities still consider the “big picture” of cash flows in the opaque Signa structure to be open.
October 12, 2025
New Twists in the Signa Scandal: Benko Incriminates Former Chancellor Gusenbauer
There has been a decisive turn of events in the ongoing investigation into the Signa bankruptcy. Real estate investor René Benko, who is currently in custody, has directly implicated former Austrian Chancellor Alfred Gusenbauer in a court hearing. Benko claims that Gusenbauer was fully aware of the dire financial situation of the Signa Group—a statement that contradicts Gusenbauer's previous denials.
August 21, 2025
Charges Against René Benko Loom Closer: New Lines of Investigation Revealed
In the far-reaching Signa affair, the first charges could soon be brought against the insolvent company founder René Benko. The Public Prosecutor's Office for Economic Affairs and Corruption (WKStA) has submitted an initial “proposal report” to the Ministry of Justice.
June 24, 2025
Acquittal for Former Chancellor Sebastian Kurz in False Statement Trial
The Vienna Higher Regional Court (OLG) acquitted former Austrian Federal Chancellor Sebastian Kurz of the charge of making false statements in connection with the Ibiza Investigation Committee. The judgment of the Vienna Regional Court from February 2024, which provided for an eight-month conditional prison sentence, was thus overturned.
May 26, 2025
Ex-Meinl Austrian Banker Peter Weinzierl in U.S. Pretrial Detention
The former CEO of the now-defunct Meinl Bank, Peter Weinzierl, is in custody in the United States. After years of investigations and complex extradition proceedings, the 59-year-old Austrian was transferred to a federal prison in Brooklyn, New York.
May 11, 2025
Joint European Police Raids on Benko in Austria, Italy, and Germany
In one of the largest cross-border raids in recent years, an international team of investigators has taken action against the imprisoned former real estate mogul René Benko and his Signa empire. Officials from Austria, Germany, and Italy simultaneously searched dozens of properties - including the Tyrol department store in Innsbruck, the Signa headquarters in Vienna's Palais Ferstel, and several warehouses and foundation offices.
May 7, 2025
René Benko Remains in Pre-Trial Custody: Investigations Against Signa Founder Widen
The Regional Court for Criminal Matters in Vienna has extended the pre-trial detention of Austrian real estate entrepreneur René Benko by a further two months. The court cited the continuing danger of the offense as the reason for this.
April 7, 2025
Vienna as a Safe Haven for Ukrainian Corruption Suspects
In recent years, Vienna has become a preferred retreat for Ukrainian citizens who are wanted in their home country on corruption charges. Among them are high-ranking personalities such as the former head of the National Bank, Kyrylo Shevchenko, a former deputy minister, the chairman of a state-owned arms company, a former member of parliament, and several oligarchs. Austria's cautious extradition practice compared to countries such as Germany or Poland contributes to this trend.
March 31, 2025
Rene Benko Arrested: From “Wunderwuzzi” to the Protagonist of a Billion-Dollar Scandal
Rene Benko, once a celebrated real estate entrepreneur and founder of the Signa Group, was arrested at his villa in Innsbruck. The Public Prosecutor's Office for Economic Affairs and Corruption (WKStA) in Vienna justified the arrest warrant because of the risk of concealment and the commission of a crime. Benko is suspected of concealing assets and manipulating evidence. His arrest marks the climax of one of the biggest business scandals in Austrian history.
January 24, 2025
Weekly Briefing: Former Austrian Chancellor Kurz Incriminated
The Find out more about this week's developments. Former ÖBAG head Thomas Schmid incriminates former Chancellor Sebastian Kurz before public prosecutors for corruption. Austria forges new partnerships with other states against illegal migration. Read about the latest developments in diplomacy in Vienna and Austria.
October 20, 2022
Austrian Government Reshuffle: Who Are the Newcomers?
Following the resignations of Sebastian Kurz and Gernot Blümel over serious corruption allegations, and of Alexander Schallenberg, the new Chancellor Karl Nehammer has presented his provisional government team. Who are the new faces in Austrian domestic and foreign policy?
December 3, 2021
New Austrian Chancellor is former Minister of the Interior Karl Nehammer
Karl Nehammer has been unanimously appointed new party leader and federal chancellor by the Austrian People's Party (ÖVP) federal party board.
December 3, 2021
Austrian Government Crisis: Finance Minister Blümel Also Resigns from Office
The resignation of Austrian People's Party (ÖVP) leader Sebastian Kurz triggers a major government reshuffle. Following Chancellor Alexander Schallenberg's resignation, Finance Minister Gernot Blümel, a longtime companion of Kurz, also announced his resignation via Facebook video this evening. Karl Nehammer is expected to take over the roles of party leader and chancellor.
December 2, 2021
Austria's Chancellor Schallenberg to Resign as well
Alexander Schallenberg "makes his office as Chancellor available".
December 2, 2021
Following Kurz's Resignation: Austrian Government Reshuffle Imminent
Following the resignation of former Chancellor Sebastian Kurz from all political activities, major personnel changes are imminent within the Austrian People's Party (ÖVP) and the Austrian government. Who will become or remain chancellor, who will become party leader, who will become Austrian People's Party (ÖVP) club chairman, who will become or remain foreign minister? There are rumors that Interior Minister Karl Nehammer could become chancellor and Chancellor Alexander Schallenberg could return to the post of foreign minister.
December 2, 2021
Sebastian Kurz Resigns from All Political Offices
Austria's former federal chancellor Sebastian Kurz (35) has resigned from all political posts. He is under investigation by the Public Prosecutor's Office for Economic Affairs and Corruption. It is rumored that Interior Minister Karl Nehammer or Europe Minister Karoline Edtstadler may take over his role as leader of the Austrian People's Party (ÖVP). Chancellor and former foreign minister Alexander Schallenberg could also be replaced.
December 2, 2021
Austria's Ex-Vice Chancellor Strache Found Guilty of Corruption
Former vice chancellor and the ex-head of the Austrian Freedom Party (FPÖ) Heinz-Christian Strache has been sentenced to 15 months' conditional imprisonment for bribery at Vienna's regional court. The co-defendant and owner of the private clinic in Vienna-Währing, Walter Grubmüller, was sentenced to twelve months for bribery, also on probation.
August 27, 2021
Casinos-Austria Affair: Austria's Previous Finance Minister No Longer Available
Austria's former and potentially future Finance Minister Hartwig Löger is no longer available for another term in office. A connection with the current Casinos-Austria Affair, in which the Office of the Public Prosecutor for Economic Affairs and Corruption (WKStA) is investigating, would not exist.
November 13, 2019
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