Former Raiffeisen CEO Fined in Switzerland.

The former Chief Executive Officer of Raiffeisen Bank, Pierin Vincenz, has been ordered to pay a fine of nearly CHF 1 million following a confirmed tax evasion ruling in Switzerland.

The Swiss Federal Court recently rejected Vincenz’s appeal, upholding earlier decisions made by the Cantonal Court of Appenzell Ausserrhoden. The ruling confirms that he failed to properly declare approximately CHF 3.4 million in income between 2012 and 2015.

In April 2025, the cantonal court imposed a fine of CHF 980,000 for tax evasion. Following legal appeals, the Federal Supreme Court reaffirmed the judgment in early May 2026, making the penalty final. In addition to the fine, Vincenz was ordered to pay CHF 12,500 in legal costs.

Swiss media reports indicate that the case was initially revealed by SonntagsZeitung, while the Federal Court decision was later confirmed by Keystone-ATS.

Authorities originally began examining Vincenz’s tax declarations due to separate ongoing criminal investigations in Zurich. The Zurich public prosecutor has also accused him and his former associate Beat Stocker of multiple financial crimes, including fraud, disloyal management, breach of trust, forgery of documents, and unfair competition.

The case has drawn significant attention in Switzerland due to Vincenz’s former leadership role at one of the country’s major banking institutions and the scale of the financial misconduct allegations.