Threats got here when the United Arab Emirates misplaced 750 million euros to Benko in Austria as a result of political manipulation.

by time news

2024-05-21 09:47:56

Abu Dhabi/Vienna. United Arab Emirates Sheikh Mohammed bin Zayet Al Nahyan, who has a complete fortune of 283 billion Euros, misplaced 250 million Euros to the bankrupt Austrian actual property tycoon. The sheikh, who was given the primary TOGG out of the manufacturing unit by AKP President Erdoğan, shaped groups to gather his receivables. Al Nahyan was stated to have given 250 million Euros on to René Benko to be used in actual property investments, nevertheless it couldn’t be recovered.

That is how the information in regards to the UAE was reported in Austria: “Guards! Sheikhs at the moment are after René Benko”

Based on Der Spiegel, the sheikhs had lent cash to Benko a number of months earlier than the collapse of Signa and at the moment are attempting to recuperate at the least €250 million from their personal belongings. In truth, the entire quantity is 750 million Euros. “The sheikhs run a fraud,” says a detailed confidant of Abu Dhabi’s crown prince. They do not want cash, it is a matter of household honour: “Benko must discover their personal cash. “You don’t want to be in hassle with the ruling household.” The Nahyan clan has now despatched a “human armada” to hunt Benko’s cash. An individual who is aware of the sheikhs says the Tyroleans are prone to want extra safety now.

Bodyguards! Sheikhs at the moment are after René Benko:

Der Spiegel Journal emphasised that Al Nahyan despatched many individuals as intermediaries and tried to get their cash. It was emphasised that the belongings of the Al Nahyan household are round 283 billion Euros, and that amassing this cash is a matter of precept quite than necessity, which is why he has established varied “assortment groups”. In the meantime, it’s said that the Arab wealth fund Mubadala wished to return about 713 million Euros of cash from the Signa Group, which Rene Benko filed for chapter, however nothing was discovered. Signa Group and Rene Benko had been managing big actual property properties corresponding to Kaufhof-Karstadt and Elbtower in Germany and finishing up main building works.

It’s stated that Rene Benko established a sort of snowball system by means of actual property, outdated money owed had been paid with the cash coming from dozens of European banks and rich prospects, and thus, the dysfunctional system remained afloat. Rene Benko, who went bankrupt a while in the past, has money owed value billions of Euros, which many banks and collectors can’t gather.

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