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Despite the warning, Johannes Rüegg-Stürm passed all the expenses of Pierin Vincenz. At the same time he allowed himself to be controlled by his subordinate.
Pierin Vincenz with his defense lawyer Lorenz Erni in Zurich in August 2018.
Photo: «20 minutes»
Typically, the chairman of the board controls the CEO. You can fire him, determine his wages and expenses.
But with the Raiffeisen Group it was the other way around: not only President Johannes Rüegg-Stürm could not control Pierin Vincenz – on the contrary, he was controlled by his subordinate. This is apparent from the interrogation protocols of the Zurich prosecutor’s office, which are available to the “SonntagsZeitung”.
Prosecutor Thomas Candrian asked Rüegg-Stürm in his interrogation on May 24, 2019: “You also had a credit card from the Raiffeisen company. How did the process work for you? “Rüegg-Stürm’s response:” In my case, I collected the receipts for the expenses I had. “Then he presented it with the statement. They were then attacked by Pierin Vincenz, reversing the official hierarchy.
