A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.
Details of accounts linked to 30,000 Credit Suisse clients all over the world are contained in the leak.
Credit Suisse Bank has been promising for decades to eliminate illicit funds, but has not done so. That is why this missed secret list has a huge impact on their failure.
When asked about the case, Credit Suisse Bank said it could not comment on Swiss banking and financial regulations and that the accounts on the list were not currently being used.
According to the bank, some of the accounts here were opened in the 1940s and most of the accounts were opened after 2000.
According to the data, one of the accounts of a well-known cardinal in the Vatican has been used in a London property fraud.
Also at the top of the list are King Abdullah II of Jordan, a son of the powerful Hosni Mubarak of Egypt and sons of a Pakistani intelligence officer who spies for Islamic extremism.
Also this year, Credit Suisse Bank has been accused of aiding and abetting money laundering from the Bulgarian cocaine trade, according to media reports.
Switzerland is famous for one of the most delicious chocolates in the world, and also precious watches as well as secret banking. At the heart of this secret banking is Credit Suisse Bank, which has a long history of 166 years. It is also one of the world’s leading financial institutions.
It employs more than 50,000 people, has 1.5 million customers and assets of 1.5 trillion Swiss francs.
According to economists, Switzerland’s financial crisis is affecting all Suisse financial institutions, as most Suisse banks have foreign accounts. The economists also stressed that Switzerland’s banking and financial laws make it easier for developing countries to plunder.
Switzerland, known as a hotbed of tax evasion, embezzlement and money laundering, has recently sought to dismantle the image. but with this incident, the country will again be subject to criticism.