Credit Suisse data leak exposes accounts held by criminals including thugs involved in human trafficking and money laundering
- Credit Suisse whistleblower revealed the details of 30,000 secretive accounts
- They belonged to a string of corrupt clients who held more than £80billion
- They included a stock exchange boss jailed for bribery and a human trafficker
- Whistleblower handed the data to a German newspaper before story spread
- Credit Suisse said it ‘strongly rejects’ allegations about purported practices
A massive data leak from Credit Suisse has exposed the hidden wealth of its customers, including some involved in crimes such as torture, human trafficking and money laundering.
A whistleblower revealed the details of 30,000 secretive accounts belonging to a string of dubious and corrupt clients which collectively held more than £80billion.
The customers include a human trafficker in the Philippines, a Hong Kong stock exchange boss jailed for bribery and a billionaire who ordered the murder of his girlfriend.
A massive data leak from Credit Suisse has exposed the hidden wealth of its customers, including some involved in crimes such as torture, human trafficking and money laundering
There is also a string of corrupt politicians and executives, including Venezuelan officials accused of looting the state’s oil company.
The data also includes one Vatican-owned account which was used to spend £290million in an allegedly fraudulent investment in property in London, which is currently the subject of a criminal trial.
The leak shows Credit Suisse opened accounts for and continued to serve a string of questionable clients whose problematic backgrounds could easily be found.
An anonymous whistleblower handed the data to a German newspaper which shared it with the non-profit group The Organised Crime and Corruption Reporting Project.
The group then sent the information to 46 news organisations.
‘I believe that Swiss banking secrecy laws are immoral,’ the whistleblower said in a statement.
‘The pretext of protecting financial privacy is merely a fig leaf covering the shameful role of Swiss banks as collaborators of tax evaders.’
The data covers accounts that were open from the 1940s until well into the 2010s – but does not cover current operations.
However, more than two thirds were opened since 2000.
A whistleblower revealed the details of 30,000 secretive accounts belonging to a string of dubious and corrupt clients which collectively held more than £80billion
The bank said 90 per cent of the accounts in question were closed or were in the process of being closed prior to the leak.
It added: ‘Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices.’
It added that the ‘selective information’ was ‘taken out of context, resulting in tendentious interpretations’.