February 25, 2025|
AI
|9 months agoSwiss Military Contractor RUAG Under Fire for Suspected Fraud
Federal audit reveals serious concerns about fraud, transparency issues, and management problems at Swiss military technology firm RUAG MRO.
AI
Generated IllustrationKey Takeaways
AI
- RUAG MRO has had five managing directors since 2020
- Irregularities were found in Leopard tank purchases
- Financial damage amounts to tens of millions of francs
- RUAG withdrew military equipment without proper authorization
By The Numbers
5
Number of managing directors since 2020
40000000
Previous alleged overcharging in CHF
They Said
"There is sufficient evidence to suspect fraud"
"RUAG MRO says it is doing everything in its power to continue the cultural change"