The former head of Raiffeisen bank, Pierin Vincenz, will have to pay a fine of just under CHF1 million ($1.28 million) for tax evasion. At the beginning of May, the Swiss Federal Court rejected an appeal against this penalty, confirming a ruling by the Cantonal Court. +Get the most important news from Switzerland in your inbox The SonntagsZeitung was the first to reveal that the former head of Raiffeisen had to pay a fine of almost CHF1 million for tax evasion. A Federal Supreme Court ruling dated May 1, 2026 was also consulted by the Keystone-ATS news agency. In April 2025, the Cantonal Court of Appenzell Ausserrhoden ruled that Pierin Vincenz had not correctly declared CHF3.4 million between 2012 and 2015 and fined him CHF980,000 for tax evasion. Vincenz had contested the ruling, but the Federal Court rejected his appeal in early May. The former banker will also have to pay CHF12,500 in legal costs. + Strip clubs and fraud: the trial of an unconventional Swiss banker The tax …