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2026-08-10 08:16 UTC → 2026-08-12 08:02 UTC ·
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Raiffeisen executive fraud appeal Retrial of Pierin Vincenz and Beat Stocker in Zurich
Legal proceedings have been reopened in the The Zurich High Court regarding has reopened the legal proceedings against former Raiffeisen Bank executive Pierin Vincenz and his business partner Beat Stocker. The case retrial follows an initial a February 2024 appellate ruling that overturned a 2022 conviction in which conviction—which originally saw Vincenz received a prison sentence of sentenced to three years and nine months, months and Stocker received to four years, for years—due to an excessively detailed indictment. During the reopened proceedings, the defendants face charges of fraud, breach of duty, and passive bribery. Prosecutors allege the defendants pair enriched themselves by secretly acquiring stakes in companies that were later purchased by Raiffeisen or the credit-card firm Aduno. Furthermore, the defendants face Additional charges concerning involve the misuse of corporate credit cards for personal luxury expenses. The current proceedings follow expenses, including trips to Dubai and visits to strip clubs, which the prosecution described as a February 2024 ruling by “tour de Suisse through the appellate court red-light district.” Vincenz has defended these costs as “relationship management.” In recent testimony, Vincenz cited memory gaps regarding specific details and claimed that overturned Raiffeisen is pursuing the original verdict on procedural grounds, specifically citing an excessively detailed indictment legal action to “destroy him.” The presiding judge, Christian Prinz, expressed skepticism toward Vincenz’s explanations. Beat Stocker, the former managing director of Aduno, attempted to justify the secrecy of their investments as entrepreneurial risk-taking, arguing that could hinder an effective defense. no conflict of interest existed because all parties profited. However, Stocker later expressed regret to the court, stating, “Today I know: Careful, conflict of interest, hands off, Beat!”