How The Deal And Its Financial Was set Up, The Sagarmata Saga

1 year ago
14

How Switzerland's fifth largest bank, Banque Cantonale Vaudoise (BCV), and its subsidiary Piguet Galland deliberately set up a business in total illegality, violating the Federal Law on the Acquisition of Real Estate by Foreigners (LFAIE) and the most elementary rules applying to mortgage loans to protect citizens against irresponsible lending. It is a decision that comes from the bank's executive management and its board of non-executive directors motivated by acquiring as clients and business contributors members of the Royal Family of England. The lure of profit reigns supreme, the corporate culture of BCV and Piguet Galland is exposed.

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