ZURICH (Reuters). Several shareholders are in Credit Suisse (SIX) don’t want the bank voting at the annual meeting to absolve senior executives of losses caused by the Greensill scandal, The Financial Times reported Sunday.

The paper stated that investors have raised concerns about Axel Lehmann, the new chair of the bank, over his decision to not publish a report on the failures of the bank in the aftermath the Greensill collapse last year.

Credit Suisse suffered a loss of 1.6 billion Swiss Francs ($1.72billion) due to the collapse of supply chain finance funds tied to Greensill. Also, a $5.5billion hit by the implosion investment fund Archegos.

Directors can be found responsible under Swiss corporate law for grossly negligent or willful violations of duties. Shareholders are asked to release them each year from any legal liability for previous years.

Approval of the vote does not waive directors’ and management’s liability. It only applies to facts which have been made public to shareholders, and to claims by shareholders.

We don’t have all the details, so how can we allow them to get away with it? One shareholder spoke out to the FT.

Switzerland’s 2nd-largest Bank has worked to recover assets after the Greensill collapse.

According to the bank, it has recovered $7.3 billion from funds it stopped paying in March 2021. The bank also reported that 11 claims have been filed for insurance.

It is expected to release its agenda for AGM publication in the following days. An spokesperson did not respond to Reuters’ request for comment on Sunday.

Credit Suisse hired Walder Wyss (Switzerland) and Deloitte (Accountants) to examine the case.

Although the final report was shared with the bank board and FINMA (Swiss financial watchdog), it said that “in view of ongoing recovery processes and the legal complexities surrounding the matter, there is not intention by the Board of publishing the report.”

($1 = 0.9303 Swiss francs)