For months, rumours about the financial health of Austrian property giant Signa had been swirling. So its founder René Benko did one of the things he did best: he threw a party. Champagne flowed under the Christmas lights at the ultra-luxurious hotel Interalpen in Telfs, high above Innsbruck, the capital of Tyrol in western Austria where Signa is based and the billionaire’s birthplace. Boney M, the disco sensation known for 1970s hits such as Daddy Cool and Rasputin, regaled employees.
And a defiant Benko gave a speech. People present said the entrepreneur sought to project an image of strength that promised an even more lucrative future than the past had delivered for his sprawling property empire.But in the end, the rumours caught up with Benko – a charismatic businessman who made his first billion before the age of 4
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