Five execs busted for insider trading scandal at anonymous Swiss IT company

Law enforcement authorities from Germany, Switzerland, and the United Kingdom have apprehended five suspects for insider trading.

On December 2nd, 2025, police officers conducted searches at several private residences and company premises.

During the raids, crucial information was collected about the suspects and their illegal practices to benefit from confidential and price-sensitive information related to a listed international IT company based in Switzerland.

The suspects, who held senior positions at the time, are being accused of selling large volumes of their company’s shares based on the availability of non-public, confidential information.

According to Eurojust, which coordinated and supported the case, the five suspects sold large quantities of their shares before the company published two pre-market press releases that would negatively impact the company’s share price. By timely selling their shares, they most likely avoided financial losses of up to €2.6 million.

“As the suspects and their offices were located in Switzerland, Germany, and the United Kingdom, the authorities needed to collaborate closely to exchange information and organize follow-up actions. Through Eurojust, swift and efficient cooperation was achieved, and an action day was organised to search premises and interrogate suspects,” Eurojust says in a press release that was published on Wednesday.

Investigations into the suspects are ongoing. The IT company itself, which remains anonymous, isn’t part of the investigation.

According to Switzerland’s Financial Market Infrastructure Act (FMIA), insider trading is punishable with prison sentences of up to five years. Depending on the severity, the benefit, and additional circumstances, judges may also choose to impose fines.

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