The Graz public prosecutor's office has dropped an investigation into serious fraud against real estate tycoon Erwin Soravia and a tax advisor. The two were suspected of deceiving investors in connection with the "Hospice am Arlberg" project in the spring of 2023 by providing false information about the construction progress, submitting a real estate analysis, and concealing service and loan agreements, thereby inducing them to invest.
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The Graz public prosecutor's office has dropped an investigation into serious fraud against real estate tycoon Erwin Soravia and a tax advisor. The two were suspected of deceiving investors in connection with the "Hospice am Arlberg" project in the spring of 2023 by providing false information about the construction progress, submitting a real estate analysis, and concealing service and loan agreements, thereby inducing them to invest.