Before the Austrian real estate
conglomerate Signa collapsed, one of its subsidiaries
transferred more than 300 million euros to two entities
controlled by its founder René Benko's family, according to the
Financial Times. Signa Development, one of the companies in
charge of the group's investments, lent 125 million to Laura
Finance Holding Gmbh and another 190 million to Laura Holding
Gmbh as part of large cash outflows last year, according to the
Financial Times.
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