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‘Culture of silence’: Germany’s Heraeus accused of ignoring fraud whistleblowers

Several minted silver bars weighing 100 grams in transparent blister pack produced by the Swiss factory Argor-Heraeus - is one of the world's largest processors of precious metals. View from the front and back side.
Photo: Getty Images
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The Financial Times

3 min read

Probe into €460mn scandal finds industrial group failed to act on warnings from employees for more than a decade.

6 February, 2026 by Florian Müller in Frankfurt

Heraeus fostered a “culture of silence” as the German group failed for more than a decade to act on whistleblower warnings about its precious metals business, according to documents seen by the FT.

Frankfurt prosecutors last month confirmed they were investigating 16 current

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