Switzerland: Pecik and Stumpf Ransom Themselves

People › Other ♦ Published: October 21, 2010; 19:14 ♦ (Vindobona)

While the two investors paid a fine for the case Sulzer, the case Oerlikon is still not finished.

Switzerland: Pecik and Stumpf Ransom Themselves / Picture: © Wikimedia Commons / Nationalflagge der Schweiz (Pantone) [Public Domain]

Swiss authorities have dropped the case against the Russian billionaire Viktor Vekselberg and the two Austrian investors, Georg Stumpf and Ronny Pecik. The Swiss Ministry of Finance has stopped any further investigations against the group in exchange for a payment of 10 million francs.

Between December 2006 and April 2007 the investors bought shares of the industrial group…

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