• 22.03.2018
  • Space, Air, Land, Group
  • Media release

Criminal complaint filed by RUAG due to alleged employee misconduct results in search of premises

RUAG learned through its internal whistle-blower system of allegations that a senior manager in sales was engaged in unauthorised business transactions outside his employment at RUAG involving both RUAG products as well as products of competitors. This represents a serious violation of internal RUAG policies and compliance rules....

RUAG immediately initiated an internal investigation and informed the Swiss Federal Prosecutor’s office accordingly. RUAG also filed a criminal complaint, as a result of which today's search of RUAG premises was conducted. RUAG is cooperating fully with the authorities.

Given the unacceptable circumstances of the case, RUAG terminated its working relationship with the employee in question with immediate effect.

Based on the information currently available, all export operations of RUAG potentially relevant to the complaint in question were conducted in compliance with legal requirements.

RUAG cannot comment on the ongoing investigations.