The effort was enormous: only the printed documents, the Raiffeisen-special investigator, Bruno spotted Gehrig and his Team filled 100 Federal folder. 12 million E-Mails were analyzed, 50 Interviews with 38 employees.
The goal: the made over 100 acquisitions, thethe former Raiffeisen CEO Pierin Vincenz in his time on the bench top, to further irregularities. As Gehrig last April, began its work, he promised a “merciless” treatment of the Era Vincenz. This claim will be the 28-page final paper. Because in the report, many Details are missing.
The paper contains some examples of how Raiffeisen dubious acquisitions and, for example, the price expectations of the seller, simply accepted. However, all these cases will be presented only anonymized and shortened. Furthermore, the clear designation of who is for what the error actually is responsible is missing.
Raiffeisen-President, Guy Lachappelle founded this anonymous authorization with to protect the privacy of the persons Concerned. However, even without mentioning the name, it would have been possible, at least the big purchases such as touch stone or Leonteq include, chronologically: when to hit which part of your body what is the decision? We don’t know it.
Raiffeisen had a big Problem with internal controls and corporate governance, i.e. Corporate Governance, which we already know through the publications of the Swiss financial market Supervisory authority Finma. The Gehrig-report would have been a Chance to learn More about the processes of the events. This opportunity remains unexploited.
300 million Swiss franc has depreciated the Raiffeisen group on the unsuccessful acquisitions. And here, too, the Public learns nothing about which Deal is how much the loss has brought. Who promises transparency, you must also provide Details.
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Created: 22.01.2019, 21:14 Uhr