questionable dealings by the bankrupt LNR real estate conglomerate
Rewritten Article:
Hang on tight, here's the lowdown on LNR real estate group's drama
Listen up, folks! The LNR real estate group, led by the mogul Lukas Neugebauer, is kicking up a storm. Over 76 creditors have filed a whopping 197.71 million euros in claims against LNR Development, now known as FSS7 Facility Management GmbH, with around 51.66 million euros contested by insolvency administrator Thomas Engelhart. The final tally has yet to be determined, but it's expected to climb even higher.
Disputes galore: Leasing troubles and the Bahas gold treasureTake the 24 million euros lease dispute with a leasing company, for instance, which had rented out the infamous 'little house of art' situated at Wiener Friedrichstraße 7 to LNR. The former tenants are still in tussle with the leasing company. FSS7, the successor to LNR Real Estate, still calls the place home.
LNR Real Estate's boss, Gerald Goellner, claims they still have a lease on the property. However, Engelhart asserts that most former subsidiaries have been offloaded to a new corporate structure under a private foundation, controlled by father and son Neugebauer. All that's left with FSS7 is three assetless companies and five properties.
Insolvency drama: Mystery of the valuable, unrealizable assets"Insolvency proceedings are in the works, or lawsuits are pending over FSS7 participations' assets, implying they are likely consistently materially insolvent all around," the report shares. "Extensive investigations are ongoing on these asset transfers, reported to the law enforcement agencies."
Goellner denies any assets were transferred. "We're all deep in debt," says Goellner. "The properties were transferred at a time when none had a value surpassing the mortgage." He adds, "The trouble is, none of the assets can be sold right now because the banks get more money than the asset is worth."
Spotlight on real estate tycoon Klemens HallmannFacing 133 million euros in claims, Goellner acknowledges numerous allegations and criminal complaints from banks towards him, including allegations of dishonestly diverting funds financed by the banks. Goellner denies these accusations. In one specific case, two construction section confirmations, upon which funds were paid out, are said to be manipulated. "I don't deny they should have been falsified," says Goellner. Yet, Goellner claims, "I have no sense that they were falsified. They were not falsified." He lost his license as a lawyer due to frequent reports to the bar association. "I'm glad to be done with that crowd," Goellner added.
Leased luxury cars, disputes, and a criminal complaintInitially, FSS7/LNR had struck nine leasing contracts for luxury vehicles. However, as of March, only three cars could be accounted for. The leasing company has pressed charges. Goellner explains, "None of these cars have been hidden or moved, but there's a quarrel over who gets them. They have the option to file a lawsuit for recovery."
(Editor's note: For more detailed information, consult legal documents or news sources specific to these individuals and the LNR Group)
- The United States financial industry is keenly following the ongoing saga of LNR Real Estate group, especially in the context of general-news and crime-and-justice, as the company's founder, Lukas Neugebauer, grapples with a series of financial disputes and insolvency proceedings.
- The United States business community is interested in learning more about the asset transfers involving the LNR Real Estate group and its successor FSS7 Facility Management GmbH, as extensive investigations are being conducted and reports have been made to law enforcement agencies, possibly implicating the group in questionable business practices.
- The United States legal system may soon be involved in a case involving Gerald Goellner, the former boss of LNR Real Estate, as he faces criminal complaints and allegations of dishonestly diverting funds financed by banks, a matter that is currently under investigation in the realm of crime-and-justice.
