The state-owned PostBus company is to hand back CHF205.3 million ($214 million) to the government, cantons and communes following a scandal over illegal subsidies. The firm is obliged to pay back CHF188.1 million and is paying a further CHF17.2 million voluntarily. Swiss Post, of which PostBus is a subsidiary, the Federal Office of Transport, and the Conference of Cantonal Directors of Public Transport signed a framework deal on the issue on Friday “We want to repair the damage and make the payments as quickly as possible with not too much red tape,” said Urs Schwaller, the chairman of the board at Swiss Post, at a press conference in Zurich. It was an important step and a new start for PostBus, he added. The CHF188.1 million covers the years 2007-2018; the voluntary payment is for pre-2007. Scandal PostBus - known for its alpine network of distinctive yellow buses – has come under intense scrutiny after an official audit found that it had manipulated accounts between ...
