by Switzerland has introduced targets and regulations to reduce vehicle C02 emissions. © Keystone / Gaetan Bally A former employee at the Swiss Federal Roads Office (FEDRO) and two board members of a vehicle exporter have been charged with fraudulently manipulating data to avoid CO2 emissions sanctions. The Swiss federal prosecutor’s office said on Monday that the fraud had illegally saved the vehicle exporter from paying CHF9 million (.8 million) in financial penalties relating to emissions. In 2012, Switzerland introduced CO2 emissions regulations to reduce emissions from new cars by an average of 130g CO2/km. The rules state that importers must pay penalties if these targets are breached. The two directors of the unnamed car importer stand accused of bribing the
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Law and order, newsletter
This could be interesting, too:
Frank Shostak writes Assumptions in Economics and in the Real World
Conor Sanderson writes The Betrayal of Free Speech: Elon Musk Buckles to Government Censorship, Again
Nachrichten Ticker - www.finanzen.ch writes Bitcoin erstmals über 80.000 US-Dollar
Nachrichten Ticker - www.finanzen.ch writes Kraken kündigt eigene Blockchain ‘Ink’ an – Neue Ära für den Krypto-Markt?
Switzerland has introduced targets and regulations to reduce vehicle C02 emissions. © Keystone / Gaetan Bally
A former employee at the Swiss Federal Roads Office (FEDRO) and two board members of a vehicle exporter have been charged with fraudulently manipulating data to avoid CO2 emissions sanctions.
The Swiss federal prosecutor’s office said on Monday that the fraud had illegally saved the vehicle exporter from paying CHF9 million ($9.8 million) in financial penalties relating to emissions.
In 2012, Switzerland introduced CO2 emissions regulations to reduce emissions from new cars by an average of 130g CO2/km. The rules state that importers must pay penalties if these targets are breached.
The two directors of the unnamed car importer stand accused of bribing the ex-FEDRO official CHF2,000 per month to understate the emissions output attributable to their company between 2014 and 2017.
All three suspects have been charged with a variety of offences, ranging from forgery of a document by a public official, multiple counts of accepting bribes to commercial tax fraud and obtaining false certificates by fraud.
The case follows the global scandal of Volkswagen rigging emissions tests on diesel engines, which came to light in 2015 and cost the German car manufacturer tens of billions of euros. But there is no suggestion of a connection between VW and the prosecution announced by the Swiss prosecutor on Monday.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices
2021-04-26
Update April 26 2021: SNB intervening. Sight Deposits have risen by +0.2 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +0.2 bn. compared to last week.
Bitcoin Suisse bank license bid hits regulatory roadblock
2021-03-18
Cryptocurrency firm Bitcoin Suisse has withdrawn its application for a banking license, in part because it failed to meet the anti-money laundering requirements of the Swiss financial regulator.
How vaccine passports may make Swiss e-ID rejection obsolete
2021-03-17
UN economist Ian Richards argues that Swiss voters’ fears of a proposal for an e-ID may be swept away as more countries see the benefits of digitising documents, including vaccine passports.
Gender equality continues to make progress in Swiss workforce
2021-03-05
The proportion of women in Swiss company boardrooms and management ranks continues to rise, according to an annual survey of the largest employers in both private and public sectors.
Alpine skiing industry faces uphill battle after reopening U-turn
2021-02-20
As a fresh covering of snow brought ideal skiing conditions to the Alpine resort of Piani di Bobbio last weekend, facilities manager Massimo Fossati eagerly anticipated the arrival of the first visitors in nearly a year.
Switzerland tops global e-commerce index
2021-02-18
Switzerland is the best equipped country for online shopping, according to a United Nations comparison of more than 150 states.
Hear Swiss stories for the world on The Swiss Connection podcast
2021-02-16
What’s it like to move back to – or away from – Switzerland during a pandemic? What does gold mined in Peru have to do with Switzerland? Did you know that “nostalgia” is a Swiss invention?
Bill Browder threatens legal action over Swiss bank accounts linked to Magnitsky scandal
2020-11-29
High-profile Kremlin critic and investor Bill Browder has threatened Credit Suisse and UBS with legal action for breaching US sanctions if they unfreeze accounts belonging to three Russian clients accused of a huge tax fraud against his investment company.
Tags: Featured,Law and order,newsletter