Heraeus gold testing fraud

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pmbug

pmbug

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Highlights
  • Heraeus has reserved €170mn in its 2025 accounts after an investigation found it manipulated precious metal test results from 2015 to 2025.
  • Total provisions now stand at €300mn as the company faces ongoing compensation negotiations and broader compliance concerns in its refining operations.
  • Prosecutors are investigating 16 current and former Heraeus employees, including ex-CEO Jan Rinnert, for suspected fraud and embezzlement amid uncovered billing irregularities.
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Didn't we have a thread somewhere where we questioned Hereus after they were bought out. Was it an Indian company that was involved in fraud, I think it was.
 
So its not totally fake Gold. It was more like a rounding scheme likely where they rounded everything down and kept the change.
 
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