Vincenz, former CEO of Swiss Raiffeisen bank waits for the continuation of a trial, in ZurichZURICH - A former top Swiss banker charged with making millions of dollars through fraudulent deals said on Tuesday that a near 200,000 Swiss francs expenses bill for strip club visits was largely business-related.
But the opening day of his trial, which was moved from a courthouse to Zurich's Volkshaus theatre due to the intense interest in the case, centred on the 65-year-old's alleged misuse of the corporate expense account. He is also alleged to have billed Raiffeisen nearly 27,000 francs for a private jet during a cooking club trip to Mallorca.
"There are individual invoices that appeared on the tab with regard to business trips, which private, but on the whole these were justified by my business activity." In his last statement before the court hearing adjourned on Tuesday, Vincenz said: "I didn't have the feeling I had done anything criminal here."