Bucherer Foundation: Supervision Steps in, Nzz Reveals Money Flow From Rolex Deal

Schweizer Radio und Fernsehen (SRF)

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The Federal Supervisory Board of the Foundation shall employ two independent administrators, who shall review the Foundation.

Neue Zürcher Zeitung

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The Swiss Federal Supervisory Board intervenes in the management of the Bucherer Foundation. Following references to conflicts of interest, President Urs Mühlebach will be assisted by two trustees. A large part of the foundation's assets come from the sale of the jewellery chain – the NZZ now knows how much Rolex paid for it.

Inside Paradeplatz

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Urs Mühlebach's five billion empire of the late Bijoutier is under serious suspicion in Bern: "Engraving conflicts of interest." Urs Mühlebach, the well-known lawyer from Lucerne, eludes control of the foundation of Jörg Bucherer, who died two years ago. The Bijoutier, who had built up the large chain of Bucher jewellery and watches, had chosen Mühlebach as his closest confidant to his executor of will. [...]