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Former Raiffeisen boss Pierin Vincenz (64) let everything break during his tenure. This is reported by the online portal Inside Paradeplatz and relates to the 350-page indictment of the Zurich prosecutor’s office against the former banker.
In the indictment, the prosecutor lists the banker’s questionable dealings (VIEW reported) and his spending runs. Consequently, the former CEO was probably a huge fan of the cabaret and striptease scene, and that’s all over Switzerland.
It is said that almost every week he visited the noble Cabaret King’s Club in the center of Zurich. He was also said to be seen often at the Red Lips strip bar in Zurich. In Ticino, French-speaking Switzerland and other parts of Switzerland, he allegedly passed through various bars and clubs.
More than a quarter of a million francs for fun
According to the prosecutor’s office, he cut 251,000 francs on his head for champagne and fun during his tenure as chief, according to the report.
The expenses in various clubs and bars in Switzerland according to Inside Paradeplatz in detail (selection):
- King’s Club in Zurich: 91,000 francs for champagne and fun
- Red lips in Zurich: 8,000 francs
- Tabaris in Zurich: 22,000 francs
- Selfish in Zurich: 4000 francs
- Le Velvet in Geneva: 7,000 francs
- Crazy Paradise in Geneva: 6000 francs
- Kitten in Genf 2500 Franken
- Brummell in Lausanne VD: 1,700 francs
- Chikito in Bern: 2800 Franken
- Laguna Bar in Aarau AG: 1200 francs
- Du Pont in Lucerne: 6,000 francs
- Golden Club in St. Gallen: 18’000 Franken
- Tiffany in St. Gallen: 7000 Franken
- Cecildance at Paradiso TI: 11,000 Franken
- Il Nibbio in Lugano TI: 8400 Franken
Vandalized hotel room
Another spicy detail from the expense report: the complete repair of Suite 507 at the Park Hyatt Hotel in Zurich. According to the report, Vincenz spent the night of June 11-12, 2014 with a cabaret dancer. The tête-à-tête apparently ended in a heated discussion. The hotel room was affected.
According to the report, the repair of the inventory cost 3,778 francs, also paid for with the company’s credit card. The woman allegedly sued Vincenz. Star lawyer Lorenz Erni came to his aid and started the “Konsilium” campaign. For this he charged 31,000 francs, which the bank paid on the basis of “fees, copyright, copyright.”
Furthermore, Vincenz is said to have obtained legal assistance from the Zurich business law firm Niederer Kraft Frey (NKF) in this context. Cost: 48,000 francs – also invoiced as expenses. According to the prosecution’s report, the prosecutor said this “was not commercially justified.”
Prosecutor asks for six years
The prosecution in the Vincenz case has been on the table since this week. It was presented by Prosecutor III of Zurich, specialized in economic crimes. In addition to Raiffeisen’s former boss, Beat Stocker (60), former head of the credit card company Aduno, is also charged.
The presumption of innocence applies to Pierin Vincenz and Beat Stocker.
According to the prosecutor’s office, the two are said to have struck questionable deals to the detriment of their employers Raiffeisen and Aduno – they are charged with business fraud, document forgery and passive bribery. Embezzlement is also on the list of charges.
The prosecution demands: Vincenz will be imprisoned for six years. In addition, the Public Ministry demands the return of nine million francs on the so-called added value generated dishonestly. (vnf)
