The bright yellow buses carry passengers throughout the Alps The Federal Office of Transport has filed a legal complaint to the Attorney General’s office and judicial authorities of Bern canton in connection with the scandal hitting the Swiss PostBus company. The complaint for possible breaches of administrative law, fraud and mismanagement is filed against unnamed persons. It is also directed against any parts of the Swiss Post or PostBus companies that might have been involved, the Office said on Wednesday. The Federal Office of Transport, an oversight body, discovered that PostBus claimed almost CHF80 million ( million) in excessive federal and cantonal subsidies over the past decade by manipulating accounts.
Topics:
Swissinfo considers the following as important: Business, Featured, newsletter, Swiss Markets and News
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
The Federal Office of Transport has filed a legal complaint to the Attorney General’s office and judicial authorities of Bern canton in connection with the scandal hitting the Swiss PostBus company.
The complaint for possible breaches of administrative law, fraud and mismanagement is filed against unnamed persons. It is also directed against any parts of the Swiss Post or PostBus companies that might have been involved, the Office said on Wednesday.
The Federal Office of Transport, an oversight body, discovered that PostBus claimed almost CHF80 million ($85 million) in excessive federal and cantonal subsidies over the past decade by manipulating accounts.
+Read more about the Post Bus scandal
Swiss Post, which is the parent company, said in a brief statement that it would cooperate fully with the investigation.
Federal Office of Transport spokesman Andreas Windlinger told the Swiss News Agency (ATS-SDA) that the complaint had been formulated in a loose way so as it could target all entities within Swiss Post. He said it was up to the Attorney General’s office to establish who was involved or knew about the manipulation of accounts.
The company is to pay back to the federal government and cantons the entire CHF 78.3 million of subsidies unduly received.
Tags: Business,Featured,newsletter