123 Shared Mobility MD Faces Fraud Probe as Company Collapses
The public prosecutor's office in Wiener Neustadt is investigating the management director of 123 Shared Mobility GmbH for serious commercial fraud and embezzlement. The company, based in Ternitz, has filed for insolvency, leaving creditors with a 20 percent quota over two years. It's reported that the company had a negative equity of around 640,000 euros at the end of 2023.
The insolvency of 123-Transporter was triggered by its exclusive fleet partner removing vehicles from the system, making rentals impossible. The majority of the liabilities, amounting to around 4.7 million euros, stem from deposit repayment claims from customers. Thousands of complaints regarding debits have been received by the Chamber of Labor (AK), with numerous individuals having deposits and contractual penalties debited for speeding or smoking in the vehicle.
The investigation by the public prosecutor follows reports, with the CEO and management director of the company under scrutiny. Despite the Austrian developments, business activities in the Czech Republic, Slovakia, and Hungary remain unaffected.
The management director of 123 Shared Mobility GmbH faces investigation for serious economic fraud and fraud. About 70 creditors and many customers have claims from deposit repayments, with a 20 percent quota offered over two years. The company's insolvency has left significant liabilities, primarily from customer deposit repayment claims.
