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Pierin Vincenz, former Raiffeisen CEO, faces a three-year and nine-month prison sentence for secretly investing in companies acquired by Raiffeisen. The Zurich High Court is advancing the trial despite defense attempts to challenge the indictment and claim bias in the prosecution. The defendants' appeal to recuse the public prosecutor's office has been rejected, and the court emphasized that the unconventional involvement of an external expert was justified due to the complexity of the case.
The Federal Supreme Court has reinstated the Zurich District Court's conviction of Pierin Vincenz, sentencing him to three years and nine months in prison for embezzlement, fraud, and other charges. The Zurich Cantonal Court must now proceed with the appeal process after previously annulling the conviction due to alleged procedural flaws. Vincenz and his former business partner Beat Stocker were accused of profiting illegally through undisclosed stakes in companies acquired by Raiffeisen Bank and Aduno, with Vincenz also facing scrutiny for questionable expense claims.
The Federal Supreme Court has reinstated Pierin Vincenz's conviction, sentencing him to three years and nine months in prison for embezzlement, fraud, and other charges. The Zurich Cantonal Court must now proceed with the appeal process after previously annulling the conviction due to alleged procedural flaws. Vincenz and his former business partner, Beat Stocker, were accused of making illegal profits through undisclosed stakes in companies acquired by Raiffeisen Bank, with Vincenz also facing scrutiny for personal expenses linked to red-light clubs.
Pierin Vincenz, the former head of Raiffeisen, has been sentenced to three years and nine months in prison, while his accomplice Beat Stocker received a four-year sentence. The Federal Court has reinstated the Zurich District Court's judgment after a complex legal dispute, with most co-defendants also facing conditional fines. Appeals against the verdict are now possible.
Beat Stocker
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