Ringier: charges filed against former management member
Ringier has filed a complaint against a former executive. The man is alleged to have embezzled a high six-figure sum for his own personal gain.
Edi Estermann, Head of Corporate Communications at Ringier, confirmed a corresponding report in the Tages-Anzeiger newspaper on Saturday. The former employee of the Marketing Services division is said to have placed fictitious orders with a market research company in the name of Ringier over a long period of time. He then demanded the fees paid back and put them in his own pocket. Estermann told the SDA news agency that this involved a high six-figure sum.
The accounting department only noticed the irregularities after the employee had already left the company. He resigned in November 2009 and left his job in February 2010. At the beginning of May, Ringier filed a complaint with the Zurich public prosecutor's office. According to Estermann, this is a "serious case". Nothing like this had ever happened at Ringier before. Estermann did not provide any information about the period of the fee payments, citing the ongoing proceedings.
The accounting department only noticed the irregularities after the employee had already left the company. He resigned in November 2009 and left his job in February 2010. At the beginning of May, Ringier filed a complaint with the Zurich public prosecutor's office. According to Estermann, this is a "serious case". Nothing like this had ever happened at Ringier before. Estermann did not provide any information about the period of the fee payments, citing the ongoing proceedings.
