The investigations against former Raiffeisen head Pierin Vincenz are well under way, and state prosecutors from Liechtenstein have now joined the probe.
The former head of the Raiffeisen group has been in custody for one and a half months as prosecutors investigate suspicions that Pierin Vincenz, and his business partner Beat Stocker have benefitted illegally from millions of Swiss francs accruing from business deals.
The probe by Zurich prosecutors is now in full swing, with the trail also leading to the Principality of Liechtenstein. This relates to a payment in the low millions by I.C.H. Invest & Consulting in Mauren in 2015 from an account at the Fuerstenbank LGT in Vaduz to an account held by Pierin Vincenz at Bank Julius Baer.
The former Aduno Chief Executive Beat Stocker, who has been held in custody for four weeks, served on the I.C. H. administrative board, with signing powers.
Legal Help Sought
The Liechtenstein prosecutor’s office confirmed to the «Liechtensteiner Vaterland» that Zurich prosecutors have sought their legal assistance in the matter. The affair is now pending in the Vaduz regional court, it said.
Investigators now have to clarify why Stocker was involved in a Liechtenstein company and whether monies were actually paid to Pierin Vincenz.
