Afraid of reputational damage? Credit Suisse terminates the account of controversial Zug oil company
At Terraoil Swiss AG in Zug, things go haywire: the audit report is overdue, wages are paid too late and now the company’s bank, Credit Suisse, has also canceled the company account.
A stately house in a beautiful location, but now the owner has to sell it. The reason: his father invested the money he needed for maintenance in shares of the controversial Zug-based oil company Terraoil, and now the money is almost gone, as the latest issue of SRF’s “Kassensturz” reported.