| NOTAS: | "...For Swiss Post, and for PostBus in particular, 2018 was a challenging year: during the course of an ordinary audit, the Federal Office of Transport (FOT) examined the accounting of services between the PostBus companies within PostBus Switzerland Ltd. As a result, irregularities concerning financial reporting under subsidy law on regional passenger transport procured during the period 2007 to 2015, as well as excessive transfer prices in 2016, were identified. For a number of years, PostBus used irregular accounting practices and, as a result, received excessively high compensatory payments for the provision of its public transport services. To clarify the details of the matter, Swiss Post launched an immediate investigation by independent experts in November 2017. Chairman of the Board of Directors Urs Schwaller subsequently announced that Swiss Post would repay every franc owed to the Confederation and the cantons. …" |
