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The Zurich High Court has rejected Pierin Vincenz"s appeal, affirming that prosecutors in his fraud trial were not biased, despite his claims regarding the use of external experts for the indictment. Vincenz and co-defendants can still appeal to the Federal Supreme Court, as the decision is not yet legally binding. The case, which involves allegations of secret investments and profits from Raiffeisenbank acquisitions, has faced significant procedural issues, leading to a lengthy legal process ahead.
UBS is held accountable for the criminal actions of Credit Suisse (CS) regarding the Bulgarian drug mafia, as ruled by the Federal Criminal Court. Despite UBS's arguments that it should not inherit CS's legal issues, the court affirmed UBS's status as CS's legal successor, complicating its appeal following a guilty verdict against CS for anti-money laundering violations. The case is further complicated by the death of a co-defendant, raising questions about the validity of the conviction against the now-defunct CS.
Lorenz Erni
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court rejects appeal in pierin vincenz fraud trial
10:43 08.11.2024
ubs faces legal legacy of credit suisse amid ongoing criminal proceedings
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