Kempinski files criminal charges against ex-chief

Swiss-born Reto Wittwer accused of fraud and misconduct
Kempinski Hotels has filed criminal charges against its former president and CEO, Swiss-born Reto Wittwer, for alleged fraud and professional misconduct.
Filed in Switzerland, Wittwer is alleged to have channelled funds out of the company “with fraudulent intent and avoiding all internal controls”, including during periods when Kempinski was attempting to make budget cuts and drastic savings on labour costs.
“Kempinski, and everyone associated with the company, have been badly let down by someone in whom we placed our full trust,” said Alejandro Bernabé, the company’s current chief executive.
“The high responsibilities of executive office and the fundamental values on which Kempinski has carefully built its business have, we believe, been deliberately flouted in the pursuit of personal greed and unlawful gain. We are treating this matter with the utmost seriousness.”
A year ago, on October 30, 2014, Kempinski announced that Wittwer had retired after 19 years in the role. The decision this week to take legal action followed a full internal investigation conducted by a third party.
“As soon as the company became aware of the suspected fraud, Kempinski conducted a thorough review of its internal controls,” the company said. “A number of changes in terms of internal audit and compliance have been made.”
TTG Asia


Check Also

Ryanair, cancel, list, flights, CAA, warning, legal, law, passengers, rights

New Ryanair fee – only for Israel

Airline angers passengers with sudden charge.

Welcome to Ras Al Khaimah – winter sun and adventure for the whole family

ADVERTORIAL: Ras Al Khaimah, the northern-most emirate of the UAE, offers its visitors a truly authentic Arabian experience; from its golden beaches, lush mangroves and terracotta deserts, to the towering Hajar Mountains bordering Oman.

Wow Air, Iceland, low-cost, LA, California, transatlatic, long-haul, A330

WOW air sees 69% passenger growth

Low-cost upstart’s fleet to grow to 24 aircraft in 2018

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017

Bergen two new routes, Billund one

Air France and Wizz Air announce fresh expansions

Tourists evacuated from Alpine ski resort

Skiers stranded due to heavy snow and avalanche risk