It’s been revealed the watch maker, Patek Philippe, paid some of the ransom money demanded by a man who had been planting bombs, terrorizing the local community and employees of the company.
He had been asking for as much as CHF 24m. The company paid USD 600,000 in crypto – but mainly as a lure.
The man was filmed withdrawing money from an ATM that dealt in crypto currencies.
The rest of the money was found on USB sticks in the man’s apartment when he was arrested.
Swiss Post announce job cuts
Swiss Post will eliminate up to 110 positions in 2027, blaming shrinking letter volumes and fewer over-the-counter transactions
Autumn arrives in Switzerland
The heatwave that has gripped Switzerland since May finally breaks tomorrow
Driver warning in Vaud
Drivers in western Vaud face four nights of disruption on the A1 next week.
Mixed results in school classrooms
Swiss 15-year-olds still rank among the world's best in maths and science, but their performance in reading and maths is sliding
Good news for household bills
Swiss households will pay a little less for electricity next year
Fuel reserves now in use
Switzerland is dipping into its emergency fuel reserves for the first time this year to keep petrol and diesel flowing
