Sunday, April 2, 2023

This phone call convinced the court of Vincenz’s guilt

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Pierin Vincenz will leave the Zurich Volkshaus in spring 2022 after day eight of the negotiations.


Thomas SchlittlerBusiness editor Sunday view

Three years and nine months in prison – absolutely. This was the verdict of the Zurich district court for the former Raiffeisen boss Pierin Vincenz (66) in mid-April 2022. His longtime business partner Beat Stocker (62), formerly CEO of the credit card company Aduno, even received a four-year prison sentence, also without probation.

District Judge Sebastian Aeppli (64) and his colleagues delivered the written justification for the sentence this week. The 1200-page work shows that the most serious violations of the law were committed when the SME investment company Investnet was bought. The court justified more than half of Vincenz and Stocker’s prison sentence with the case, which got the economic process of the decade rolling at the time.

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