At the beginning of 2018, the former Raiffeisen boss Pierin Vincenz from Graubünden was in custody for around three months. Because he enriched himself from business with Raiffeisen and the credit card company Aduno and allegedly withdrew expenses unlawfully. According to a report by the Zurich Public Prosecutor’s Office, which specializes in economic crimes, the investigation into this case was ongoing “Tagesanzeiger” two and a half years. Now she will bring charges against Vincenz.
The “Tagesanzeiger” enumerates the illegal acts of Vincenz in its report. Vincenz is said to have enriched himself with his long-time advisor Beat Stocker in various company acquisitions from Raiffeisen and the credit card company Aduno. According to the report, Raiffeisen bought 60 percent of Investnet – a company that uses funds from Raiffeisen to give SMEs loans and put them on the stock market – and paid the founders CHF 20 million each. Afterwards, the two Investnet founders transferred 5.8 million to Stocker, it continues. Vincenz then received 2.9 million francs from Stocker. As “bribery” d describehe public prosecutor’s office for this “loan”, according to the “Tagesanzeiger” – accused Stocker, Vincenz and the founders.
The indictment continues, among other things, to the legendary expense reports of Vincenz. This is said to have accounted for visits to the Red Lips strip club in Zurich. That fulfills the offense of unfaithful business management if it can be proven that these expenses and remuneration did not serve a business purpose, writes the “Tagesanzeiger” on.
How much does Vincenz have to pay back?
The damage that Raiffeisen and Aduno suffered from the unfaithful management of Vincenz is enormous. Aduno alone is said to have suffered damage of around CHF 20 million. How much money can be demanded and retrieved from the accused will be shown in court in the coming year. Likewise, whether Vincenz and Stocker have to go to prison again. (sz)
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