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Swiss financier Rey sentenced to four years in prison

A court in the capital Berne sentenced controversial Swiss financier Werner K. Rey on Thursday to four years in prison for his role in business deals which led to the fall of Rey's Omni Holding business empire in 1991.

This content was published on July 8, 1999 - 14:03

A court in the capital Berne sentenced controversial Swiss financier Werner K. Rey on Thursday to four years in prison for his role in business deals which led to the fall of Rey's Omni Holding business empire in 1991.

The prosecution had demanded ten years in prison for Rey, who has probably been
Switzerland’s most controversial financier and businessman in recent years.

Rey has already spent three years in investigative detention.

The charges related to the fall of Rey’s Omni empire, which collapsed amid debts estimated at about SFr4 billion ($2.6 billion). The Berne trial only addressed debts totalling SFr277 million ($184.6).

(more details coming shortly)

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