Regardless of warnings: Hypo Vorarlberg gave loans to René Benko

The Nationwide Financial institution warned Hypo Vorarlberg to not grant extra loans to René Benko and his Signa. New paperwork now seem: Even the inner audit division wished to cancel the cash in 2019. However, tens of millions extra flowed to the bankrupt entrepreneur.

The Vorarlberger Landesbank Hypo Vorarlberg needed to write off Signa loans price three-digit tens of millions. Taxpayers are actually caught with these prices. It has been identified for weeks that… the Nationwide Financial institution is alleged to have warned of the chance in 2022.

Ignored warnings?

ORF Vorarlberg now has paperwork to indicate its personal An inner audit of the financial institution had sounded the alarm years earlier than – and it was ignored. In response to ORF, there was even a ban on additional massive loans for Benko and Signa throughout the financial institution.

The pinnacle of the inner audit on the time and his deputy investigated the Vienna department of the financial institution in 2019. The personal basis of the Benko household and its corporations with 76.9 million euros, Signa Prime Choice AG with 130.1 million and a personal basis Laura with greater than eight and a half million of a share of 23.7 million additionally within the focus of the investigators.

Signa chapter: Collectors need 2 billion euros from Benko

The Liquidator Andreas Grabenweger talks about about 2 billion euros in claims from 30 collectors

As in Spring 2019 When the auditors observed that loans have been once more flowing to Benko and his corporations, they tapped these accountable and warned of the potential threat “because of the possession construction”. . The financial institution warned that no extra massive new loans ought to have flowed. In response to ORF, the Hypo credit score committee pulled the emergency brake and stopped one Credit score freeze.

Cash went into the “Lamarr”.

Regardless of this, cash continued to circulation for years. In 2021, for instance, the “Lamarr” development web site in Vienna was co-financed. The shell of the constructing swallowed the cash, however it now stands half-finished on Mariahilfer Strasse in Vienna. Demolition is coming. This was not the one money circulation to Benko.

Chief: No suggestion

At a press convention in March, Hypo CEO Michel Haller justified the loans. “It was attainable to implement it primarily based on the knowledge on the time,” the ORF quoted him as saying. In response to Hypo Vorarlberg, the inner audit division didn’t make any suggestions. It was solely supposed to be understood as indicator of the credit score threat technique.