Swiss judges today convicted him former CEO of the Swiss Retail Banking Association Raiffeisen Switzerland, Pierre Bensang, in imprisonment three years and nine months as he was found guilty of scam and other offenses in a trial that caused a sensation with accusations of fraudulent deals and huge strip club accounts.
In one of the most much-praised trials Zurich district court convicts Bensanz, a Swiss man, of several counts of corporate crime in Switzerland former “banker of the year” who was accused of that made millions through illegal deals while he was the CEO of the banking group.
Bensanz, according to the APE-MPE, was found not guilty of a number of charges against him. However, he was also fined 840,000 Swiss francs, as the court found him guilty of using business accounts for private purposes.
His lawyer told Reuters he would appeal the verdict.
The seven defendants in the case had denied the charges against them.
Prosecutors demanded a total of almost 70 million Swiss francs in assets from the defendants, and also sought to impose financial sanctions and prison sentences ranging from two to six years on all but one.
The case focused on conflicts of interest in agreements between companies in which Bensang and another defendant were involved. Both were also charged with forgery.
The trial, which was moved from a courtroom to the Volkshaus Theater in Zurich because of the intense public interest in attending it, also included allegations of misuse of corporate expenses by 65-year-old Bensang.
Bensang argued in court, when the trial began in January, that an expense bill of 200,000 Swiss francs for visits to a strip club largely related to his work, while one 700 francs dinner with a womanwhom he had met through the Tinder dating app, was justified because he was aiming for a place in the real estate market.
Source: News Beast
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