Lausanne, Switzerland (24 Heures, Fre) – The long-awaited verdict and sentencing will be given Friday afternoon in the BCV (Banque Cantonale Vaudoise) case that involved senior managers and auditors. According to 24 Heures, the only banker who risks prison is the former managing director Patrick Duchoud, who could be given a 16-month suspended sentence. The public prosecutor has called for day-fines for the other five people, the former chair of the board, two senior managers and two auditors, citing "mistakes" on their part rather than intent to harm. They could still, however, be held liable for costs incurred.
Background stories:
- "BCV former president awarded CHF1 million in damages," GenevaLunch, 31 October 2007
- "Vaud bank ex-director’s embezzlement case opens in Lausanne," GenevaLunch, 5 November 2007
Posted by Ellen Wallace on 28 February 2008 at 11:02 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 28 February 2008.
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March 10th, 2009 at 10:08 am
[...] The bank also dealt in early 2008 with the trial of a group of former directors and auditors. [...]