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Kika / Lehner: The second insolvency officer and the investigation committee must verify

Kika / Lehner: The second insolvency officer and the investigation committee must verify

The bankruptcy of the Kika/Leiner furniture store is spreading, so now the FPÖ is calling for a subcommittee in parliament. However, AKV Europa reported on Wednesday morning that the insolvency court had appointed a special administrator. Viennese lawyer and insolvency law expert Stefan Riel is set to handle allegations that have been circulating in the media and to examine any claims against shareholders and organs as well as any third party before the insolvency commences.

Formerly appointed insolvency officer Volker Leitner should focus primarily on operational business, and the private administrator is not bound by any of his instructions. Riel was already involved in insolvency proceedings relating to Albin Pau. Two weeks after the sale of two furniture stores by Rene Benko’s Signa Group, the buyer, investor Hermann Wieser, filed for bankruptcy. After that it became known that Kika and Leyner had been making losses for years.

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