© Reuters. The sign of Signa Holding is placed on a crane next to a construction site in Vienna, Austria, January 5, 2024. REUTERS/Leonhard Foeger/File Photo
BERLIN (Reuters) – A managing director of a project company belonging to collapsed property group Signa is under investigation on suspicion of serious fraud, Austria’s anti-corruption prosecutor said in a statement on Friday.
It is suspected that investments did not go towards the projects promised to investors, the statement said, adding that the sum of damages was still under investigation.
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