In the wake of a massive data breach, some of Thailand’s richest men may have a lot to explain, with more than 1,000 people in the country holding secret accounts over the past few decades at Credit Suisse, Switzerland’s second-largest bank, known as the Quite “economical” in terms of internal controls and know-your-customer checks.
Data leaked to German newspaper by anonymous source Nanfang Daily The analysis was subsequently carried out by an investigative team of journalists from the Organised Crime and Corruption Reporting Project, drawn from international media, including guardian, world, New York Times and Miami Herald, Under the heading “Swiss Secret”.
Thailand, an independent non-profit online newspaper Prachatai Be part of the team.
Corrupt politicians, war criminals, drug dealers among Credit Suisse clients
The Swiss bank has allegedly been accepting corrupt dictators, suspected war criminals, human traffickers, drug dealers, tax criminals and other criminals from around the world for years as clients, according to the results of a global investigation published on February 20.
Countries with the largest number of clients in the data include Thailand, Venezuela, Egypt, each with over 2,000 clients, and Ukraine with over 1,000 clients, all benefiting from a country with one of the most secretive banking laws in the world.
Journalists found dozens of suspicious figures in the data, including an Algerian general accused of torture, the child of a brutal Azerbaijani strongman, a Serbian drug lord known as Misha Banana, and the latter. compatriot Rodoljub Radulovic, a Serbian securities fraudster.
Disgraced executives include Hong Kong Stock Exchange founder and former chairman Li Fushao, jailed for corruption, and former Siemens Nigeria president Edward Edward, who was jailed in 2008 after his bribery charges came to light, overseeing an industrial-scale embezzlement in the country. campaign to secure a lucrative contract.
Ferdinand and Imelda Marcos hold accounts under false names
One of the most notorious cases in Credit Suisse history involves corrupt former Philippine dictator Ferdinand Marcos and his wife Imelda. It is estimated that the couple siphoned as much as $10 billion from the Philippines during Ferdinand’s three terms as president, which ended in 1986.
Some of the funds are known to have ended up in Credit Suisse accounts that helped the Marcos open Swiss bank accounts under the pseudonyms “William Sanders” and “Jane Ryan.” In 1995, a Zurich court ordered Credit Suisse and another bank to return $500 million in stolen funds to the Philippines.
Since 2007, Credit Suisse has been known to help thousands of wealthy U.S. citizens evade taxes through secret accounts.
“Eminent business people” and “senior civil servants” from Thailand
Regarding Thailand, the report includes the names of a number of people, including foreigners and Thai nationals, who have been accused of fraud and tax evasion in the past, according to Prachatai.
Credit Suisse’s Thai account holders include people from various backgrounds, the report said. It includes prominent business figures from the jewellery, hospitality and real estate industries, owners of construction supply companies, industry association leaders, former senior civil servants, elected and junta-appointed politicians with business backgrounds and certain pro-political business circles person.
The “Secret Switzerland” revelation is an ongoing project and will continue to report as more information becomes available, Prachatai wrote.
Credit Suisse “strongly” rejected the allegations in a statement, saying the issues were “mainly historical” and that the information was “taken out of context” as 90% of accounts were closed.
After a massive data breach, some of Thailand’s richest men may have a lot of work to do to explain “economy” in terms of internal controls and know-your-customer checks. The data was leaked to German newspaper Süddeutsche Zeitung by anonymous sources, and subsequently released by “organized crime” and an investigative team of journalists from the Corruption Reporting Project, which has participated in projects including the Guardian, Le Monde, The New York Times and …
In the wake of a massive data breach, some of Thailand’s richest men may have a lot to explain, with more than 1,000 people in the country holding secret accounts over the past few decades at Credit Suisse, Switzerland’s second-largest bank, known as the Quite “economical” in terms of internal controls and know-your-customer checks.
Data leaked to German newspaper by anonymous source Nanfang Daily The analysis was subsequently carried out by an investigative team of journalists from the Organised Crime and Corruption Reporting Project, drawn from international media, including guardian, world, New York Times and Miami Herald, Under the heading “Swiss Secret”.
Thailand, an independent non-profit online newspaper Prachatai Be part of the team.
Corrupt politicians, war criminals, drug dealers among Credit Suisse clients
The Swiss bank has allegedly been accepting corrupt dictators, suspected war criminals, human traffickers, drug dealers, tax criminals and other criminals from around the world for years as clients, according to the results of a global investigation published on February 20.
Countries with the largest number of clients in the data include Thailand, Venezuela, Egypt, each with over 2,000 clients, and Ukraine with over 1,000 clients, all benefiting from a country with one of the most secretive banking laws in the world.
Journalists found dozens of suspicious figures in the data, including an Algerian general accused of torture, the child of a brutal Azerbaijani strongman, a Serbian drug lord known as Misha Banana, and the latter. compatriot Rodoljub Radulovic, a Serbian securities fraudster.
Disgraced executives include Hong Kong Stock Exchange founder and former chairman Li Fushao, jailed for corruption, and former Siemens Nigeria president Edward Edward, who was jailed in 2008 after his bribery charges came to light, overseeing an industrial-scale embezzlement in the country. campaign to secure a lucrative contract.
Ferdinand and Imelda Marcos hold accounts under false names
One of the most notorious cases in Credit Suisse history involves corrupt former Philippine dictator Ferdinand Marcos and his wife Imelda. It is estimated that the couple siphoned as much as $10 billion from the Philippines during Ferdinand’s three terms as president, which ended in 1986.
Some of the funds are known to have ended up in Credit Suisse accounts that helped the Marcos open Swiss bank accounts under the pseudonyms “William Sanders” and “Jane Ryan.” In 1995, a Zurich court ordered Credit Suisse and another bank to return $500 million in stolen funds to the Philippines.
Since 2007, Credit Suisse has been known to help thousands of wealthy U.S. citizens evade taxes through secret accounts.
“Eminent business people” and “senior civil servants” from Thailand
Regarding Thailand, the report includes the names of a number of people, including foreigners and Thai nationals, who have been accused of fraud and tax evasion in the past, according to Prachatai.
Credit Suisse’s Thai account holders include people from various backgrounds, the report said. It includes prominent business figures from the jewellery, hospitality and real estate industries, owners of construction supply companies, industry association leaders, former senior civil servants, elected and junta-appointed politicians with business backgrounds and certain pro-political business circles person.
The “Secret Switzerland” revelation is an ongoing project and will continue to report as more information becomes available, Prachatai wrote.
Credit Suisse “strongly” rejected the allegations in a statement, saying the issues were “mainly historical” and that the information was “taken out of context” as 90% of accounts were closed.
