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2024 - Ex-Elvetino Leader Faces 36-Month Prison Sentence for Illicit Dealings

Summary by News Text Area
The Zurich District Court sentenced the former head of Elvetino to three years in prison for embezzlement, passive bribery, and fraudulent mismanagement. He will serve one year with two years on probation. Two colleagues received conditional sentences for their involvement in illegal financial activities, including inflated consultant fees disguised as legitimate expenses. The court found the ex-CEO had abused his position, mismanaged company fu…

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watson.ch/ broke the news in Zürich, Switzerland on Friday, October 25, 2024.
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