Austrian former tycoon Benko will appeal fraud conviction, lawyer says


Austrian former property tycoon Rene Benko awaits the start of his second insolvency fraud trial in Innsbruck, Austria, December 10, 2025. REUTERS/Michaela Stache

VIENNA, Dec 12 (Reuters) - Austrian former property tycoon Rene Benko will appeal against his second conviction for insolvency-related fraud, his lawyer Norbert Wess said on Friday.

A court in his home city of Innsbruck handed Benko a 15-month suspended prison sentence and fined him 4,320 euros ($5,100) on Wednesday for hiding two luxury watches and four pairs of cuff links from creditors by keeping them inside a safe in the basement of a relative's house.

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