Signa development mass administrator wants ex-managers-diepresse.com
Insolvency administrator Fruhstorfer calls for EUR 125 million from ex-managers from Signa Development, including Alfred Gusenbauer, reports the « Trend. » The allegations range from bad planning to breach of duty.
Former executives of the insolvent Signa Development Signa Development are now also confronted with millions of claims on the part of the mass administrator Andrea Fruhstorfer. For the time being, she demands 125 million euros in compensation from eleven former board members and supervisory boards, including Alfred Gusenbauer and chief finance manager Manuel Pirolt, as reported by the magazine « Trend ». A suitable account and a suitable financial planning would have been missing. The deadline runs until March 14th.
« However, the relevant damage is expected to be over one billion euros, » says the news magazine in a letter to Fruhstorfer to the managers who headed the company in 2022. She assumes that the real estate developer Signa Development Selection was already insolvent at the end of 2022, but at the latest in early 2023. Nevertheless, the board of all of the group was awarded without collateral, is her criticism.
Gait agent tightened
The board should have recognized that the real estate was significantly overrated and the rents were not customary, the letter also says that the « trend » cited in its current issue. The entire supervisory board – Gusenbauer and six other inspectors – failed to properly monitor the board. They also failed to work on the position of an insolvency application by the board.
In the company there would only have been « beer lid calculations ». This alone would have committed the supervisory board to improve the internal control system and close monitoring of the company's financial situation, the insolvency administrator states.
For example, the insolvency administrator of Signa Prime Selection, in which company founder René Benko had parked the luxury properties of the insolvent real estate company, had already tightened the gait at the beginning of the year to raise money for the creditors. 13 months after the bankruptcy registration, liability liability of the mass administrator Norbert Abel came to four former board members and twelve ex-supervisory boards of Signa Prime. Abel blames her for damage of at least one billion euros. Honoraries and dividends were also required by Signa managers. (APA)
