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Property tycoon René Benko arrested in Austria

  • Austrian property tycoon Rene Benko has been arrested on suspicion of fraud, according to prosecutors.
  • Rene Benko is the founder of Signa, which became the biggest casualty of Europe's property downturn.
  • Prosecutors stated there was a strong suspicion of several criminal offenses against Benko.
  • Anti-Corruption officials allege Benko attempted to conceal assets from authorities during his personal bankruptcy.
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