Archive · Official announcement. English digest based on publisher material dated 27 April 2023.
What the source reports
The sanction comprised a CHF 1 million fine and a CHF 80 million compensatory claim for organisational failings in preventing corruption.
Reading the original source
The Swiss federal announcement states that the CHF 81 million order consisted of a CHF 1 million fine and a CHF 80 million compensatory claim. It also records a suspended 170-day sentence for a former sales manager and the discontinuation of proceedings against the CEO and main shareholder.
Context and scope
The review records that proceedings against the CEO and main shareholder were discontinued. Corporate responsibility must be distinguished from individual liability.
Sources & supporting documents
This English digest is based on the original reporting or official material linked above and does not reproduce the full source.