ISLAMABAD: A leak from a Swiss bank has unmasked the hidden fortune of its wealthy clients in 128 countries and they range from the business individuals to politically exposed persons and those investigated, at times convicted, in connection with different criminal activities.
Included in the leak are details linked to more than 18,000 accounts and 30,000 account holders which held in excess of $100 billion at their prime in one of the world’s biggest private banks, Credit Suisse. This is not complete data of the bank which has 1.5 million private banking clients. Named as Suisse Secrets, this is the only known leak of a major Swiss bank’s client data to journalists.
A whistle blower shared this data with the German newspaper, Süddeutsche Zeitung, which coordinated the project along with the Organised Crime and Corruption Reporting Project, the world’s biggest investigative journalism organisation with its presence in all continents. In a statement, the whistleblower declared the secrecy laws of Swiss banking as immoral.
