Cause LNR: Vienna Real Estate Entrepreneur Neugebauer Charged
The insolvent Viennese real estate entrepreneur Lukas Neugebauer must answer to the suspicion of fraudulent bankruptcy. The Economic and Corruption Prosecutor's Office announced on Friday that the charge was filed with the Vienna Regional Court for Criminal Matters.
Case LNR: Viennese Real Estate Entrepreneur Neugebauer with 145,000 Euros in Luxury Expenses after Personal Bankruptcy
Neugebauer is accused of having made excessively high personal expenses of around 145,000 euros between October and December 2024 - after the opening of insolvency proceedings over his personal assets - thereby preventing or reducing the satisfaction of his creditors. According to the WKStA, claims against him amount to more than 82 million euros. In this context, luxury vacations, expensive purchases, and restaurant visits are mentioned. The penalty range is up to five years imprisonment - however, this first charge is only a small aspect of the LNR case. The real estate entrepreneur had originally operated several companies, partly with other individuals, which are now also insolvent.
Damage "in the high double-digit million range"
The Economic and Corruption Prosecutor's Office is investigating the case of the real estate company LNR against the said real estate entrepreneur and around ten other natural persons and associations, among other things, on suspicion of serious fraud, breach of trust, and fraudulent bankruptcy. The background of the investigations is the suspicion that the accused may have obtained loans from banks with false information - partly through specially founded project companies, by presenting sham contracts or through sham transactions. An involved trustee is said to have paid out money from trust accounts without corresponding land register security. As of now, around a dozen credit institutions and several private individuals are affected; the alleged damage is at least in the high double-digit million range, according to the WKStA.
(APA/Red)
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