Pierin Vincenz, the former CEO of Swiss banking group Raiffeisen, must pay a fine of almost CHF1 million for tax evasion, according to the SonntagsZeitung newspaper. +Get the most important news from Switzerland in your inbox The Swiss Federal Court is reported to have handed down this sentence in a judgment that has been seen by the Tamedia newspaper group. The procedure was previously unknown because tax trials in Switzerland are not public. + Strip clubs and fraud: the trial of an unconventional Swiss banker Vincenz allegedly failed to declare CHF3.4 million in his tax return. In addition to the fine, he also faces backdated taxes, according to the SonntagsZeitung. Vincenz denied the allegations during the proceedings. The former Raiffeisen CEO was exposed after tax investigators from canton Appenzell Outer Rhodes read a Zurich criminal indictment and discovered suspicious payments. In 2022, Vincenz and other business partners were found guilty of fraud and embezzlement, but …