Concerns About Management in the Cooperative and Financial Losses
November 4, 2026
The Audit Service reports significant financial losses of up to €12 million from the sale of shares held by the Cooperative. It also highlights problematic hires of executives lacking adequate qualifications and insufficient control mechanisms. Taxpayers face a fiscal burden of €2 billion for the rescue of the Cooperative, with many unresolved issues remaining. The findings raise questions about the management and utilization of the remaining assets. Discrepancies in qualification requirements raise concerns regarding the hiring process of executives.