Gusenbauer and Co.: Millions of repayments to the scandal!

Gusenbauer and Co.: Millions of repayments to the scandal!

The former Signa Supervisory Board, Alfred Gusenbauer, gives a captivating picture of the financing turbulence: after he has brought the fee payments of 296,000 euros back for 2023, he is in the sight of the insolvency administrator Norbert Abel. The latter had contested the payments, which emerges from the recent interim report to the creditors who were published on Monday. But Gusenbauer is not the only one who is asked to pay-other supervisory boards are also criticized, while the former RBI boss Karl Sevelda refuses to repay his 50,000 euros in fees, which could lead to a legal dispute. Here it gets dangerous, especially since Abel complains against the former board members Timo Herzberg and Manuel Pirolt, who have to potentially pay millions.

Litigation on several fronts

The situation continues to escalate because the insolvency administrator also submits complaints against shareholders who received dividends before the bankruptcy of Signa. Kühne Immobilia Austria GmbH is held responsible with EUR 16.5 million and the RAG Foundation with 8.3 million euros. The current interim report emphasizes that there is already a positive statement by the creditor committee and that further lawsuits have been concluded against shareholders who have received dividends in recent months. The civil law steps could still be won in the first half of 2025, whereby liability claims are also being examined-a complex situation that still promises many legal turns, as the website Springer

The financial turbulence around Signa shows the deep cracks in a once flowering business environment, while the actors concerned have to prepare for a long legal struggle. Clarification in this affair initially seem to be a long way off, while the creditors hope for repayments and justice.