• Switzerland edition
 
Zug councillor faces embezzlement inquiry
Zug city hall (Photo: Zug Tourismus)

Zug councillor faces embezzlement inquiry

Published: 29 Nov 2012 10:22 GMT+01:00
Updated: 29 Nov 2012 10:22 GMT+01:00

Ivo Romer, the councillor in charge of finance for the city of Zug, is under investigation for the alleged embezzlement of several million francs from the estate of a woman now dead, according to media reports.

Law enforcement officials have confirmed that Romer, a 48-year-old member of the Liberal party (FDP), is under suspicion for his management of an individual’s estate and not for activities related to his political office.

Marcel Schlatter, spokesman for Zug’s justice department, told the Neue Luzerner Zeitung newspaper that a “criminal case (has been launched) against Ivo Romer for fraud and dishonest business practices”.

However, Schlatter added that at this point there is a “presumption of innocence” in the matter until proven otherwise.

The Weltwoche journal first reported that police had made searches in three locations in Zug on October 26th in connection with the Romer case.

The searches of a private apartment, the offices of Fidustra SA and a government office were made to gather information regarding Romer’s financial activities.

Police were contacted after relatives of Alice Erika de Beaufort-Bubeck sought the advice of a Zurich lawyer regarding the disappearance of money from the late woman’s estate.

Welwoche reported that Romer, a financial adviser, was charged in April with various offences including falsifying documents, money laundering and embezzlement of several million francs from De Beaufort-Buback.

The journal reports that that Romer provided financial advice for the elderly woman who moved to Zug in 2000 after the death of her husband.

When she died in 2010 at the age of 95 she had less than 20,000 francs in her bank account, which held a balance of more than 6.8 million francs in 2004, Weltwoche said.

Some of the money was used for renovations of the woman’s family home, while other amounts went to a foundation, of which Romer was a trustee, the journal reported.

But it alleges that the councillor “plundered” the woman’s account for his own use.

Romer earlier denied any wrongdoing when rumours of the case emerged earlier.
 
He “totally rejected the accusations”, referring to the allegations as “totally without foundation” and "amounting to defamation”.

The case is reminiscent of charges laid against Bruno Zuppiger, a former MP from Zurich and a member of the Swiss People's Party (SVP).

Zuppiger was also accused of embezzlement and dishonest management in a case set to go to court on January 16th.

Malcolm Curtis (news@thelocal.ch)

Don't miss...X
Left Right

Your comments about this article

Today's headlines
Police remove caravan-dwellers from Bern field
Photo: SRF

Police remove caravan-dwellers from Bern field

Bern cantonal police mobilized officers to remove dozens of caravan-dwellers on Thursday night from a field in the Swiss capital where they were illegally camped in a protest demonstration. READ () »

Renovated Geneva train station central hall opens
Geneva's main train station. Photo: CFF

Renovated Geneva train station central hall opens

Passengers are able to traverse the central hall of Geneva’s main train station for the first time in more than four years after renovations begun in 2010. READ () »

Expats lace up running shoes for Swiss races
Runners take in mountain scenery in the Aletsch half marathon. Photo: Kathy Zimmerman

Expats lace up running shoes for Swiss races


From the simply beautiful to the downright barmy, Switzerland's vast array of running races are a great way for expats to integrate into the Swiss way of life, The Local's Caroline Bishop learns. READ () »

Unit sale drives rise in Novartis Q1 net profits
Photo: Sebastien Bozon/AFP

Unit sale drives rise in Novartis Q1 net profits

Swiss pharmaceuticals giant Novartis on Thursday posted a 24-percent jump in first-quarter net profit from the same period a year earlier, driven largely by the sale of a blood transfusion diagnostics unit. READ () »

Doctor acquitted for aiding senior’s suicide
Photo: Wikimedia Commons

Doctor acquitted for aiding senior’s suicide

A Neuchâtel cantonal court has overturned the conviction of a doctor found guilty of breaking the law by helping an 89-year-old man die without getting a proper diagnosis of his condition. READ () »

Vote set for ban on food trading 'speculation'
Photo: Michael Buholzer

Vote set for ban on food trading 'speculation'

The Swiss will vote on a proposal to ban speculation on agricultural commodities and food, the government said on Wednesday, announcing that organizers had gathered enough signatures to put the issue to a referendum. READ () »

Tweet exposes Iran trip by right-wing Swiss MPs
Swiss People's Party MP Luzi Stamm. Photo: Federal Parliament

Tweet exposes Iran trip by right-wing Swiss MPs

Six members of the right-wing Swiss People’s Party (SVP) wanted to discreetly visit Iran without publicity last week but one of them inadvertently made the trip public in a tweet. 
 READ () »

Armadillo and crocodile meat seized at border
"Bush meat" seized by customs agents. Photo: Federal Customs Administration

Armadillo and crocodile meat seized at border

A Frenchman living in Switzerland was caught entering the country from France with unusual contraband in his suitcase: 16 kilograms of meat from exotic species native to the African jungle. READ () »

UN health agency hits back at vaccine foes
WHO headquarters in Geneva. Photo: Yann Forget

UN health agency hits back at vaccine foes

The Geneva-based World Health Organization (WHO) hit back on Wednesday against vaccine deniers who claim that immunization is pointless, risky and that the body is better off fighting disease unaided. READ () »

More protection sought for Lavaux vineyards
Photo: Malcolm Curtis/The Local

More protection sought for Lavaux vineyards

Voters in the canton of Vaud are set to go to the polls for a third time next month to decide on the future of Lavaux, the celebrated vineyard region east of Lausanne. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Features
Expats lace up running shoes for races across Switzerland
National
Bern finds solution for Erasmus student exchange programme
National
Bern zoo faces animal cruelty charges over bear cub deaths
Society
Swiss alpine ski champion announces same-sex marriage
Features
Former industrial zone transforms into Zurich’s trendiest spot
Tech
Swiss Solar Impulse team shows off new fuel-free aircraft
International
Suspect in Liechtenstein bank CEO murder case 'likely dead'
Sponsored Article
Caveman comedy comes to Zurich in English
Society
Innovative building provides refuge for hypersensitive tenants
Tech
VIDEO: Teenage boy sends Swiss army knife into stratosphere
International
Switzerland ranks second in world for social progress: report
National
Pharrell Williams set to perform in first Montreux jazzfest concert
Advertisement:
Sport
American wingsuit flyer dies after Bernese Oberland accident
Business & Money
H&M plans hefty Swiss minimum wage for employees by 2015
International
Caterpillar accused by US senator of dodging taxes through 'Swiss plan'
International
Geneva man in Facebook page fight with Italian carmaker Ferrari
International
Schumacher’s wife pays for 'medical suite' at Swiss family mansion
International
Aborted Swiss airlines take-off injures four at London airport
International
Swiss refuse asylum request from topless protest group founder
Business & Money
British expat former banker to head Swiss finance regulator FINMA
National
Swiss honey contains harmful plastic: TV consumer affairs report
Business & Money
Luxury watchmaker Patek Philippe threatens Geneva exit over taxes
Business & Money
World's largest watch fair opens in Basel amid uncertain times
International
'Fergie' credits hikes around Verbier mountains for recent weight loss
Etoiles de Montagne
Sponsored Article
How to summer holiday up a Swiss mountain
Swissbenefits
Sponsored Article
How to avoid Switzerland’s tax haven trap
Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

2,084
jobs available