Credit Suisse embroiled in scandal! Large-scale accounts were leaked, customers involved in drug trafficking and corruption

Credit Suisse was involved in a scandal on the 20th. From a large-scale leak, it was revealed that Credit Suisse customers were involved in torture, drug trafficking, money laundering, corruption and other felonies. Although Credit Suisse has repeatedly promised to clear suspicious customers and put an end to illegal funds, it obviously failed. .

The Guardian and foreign media reported that more than 18,000 Credit Suisse accounts showed clients as criminals, human rights abusers, dictators, including Yemeni spy chiefs suspected of torture, Venezuelan officials involved in corruption scandals, and Son of former Egyptian dictator Hosni Mubarak.

According to the press release, Credit Suisse whistleblowers first exposed the leaks in German newspapers and said the leaks involved accounts holding more than $1,000, followed by 46 media reports around the world.

The accounts were opened from 1940 to 2010, according to the Organised Crime and Corruption Reporting Program (OCCRP) on the 20th. OCCRP co-founder Paul Radu said in a statement, “It’s common to see criminals and corrupt politicians continue to do business as usual no matter the circumstances because they trust that their ill-gotten gains will be secured.”

Credit Suisse said in a statement that it strongly disagreed with the allegations of the company’s business practices, saying, “In some cases dating back to 1940, the descriptions of these matters were out of context, inaccurate or selective, leading to a biased interpretation of the bank’s business practices.”

About 90 percent of the leaked accounts were closed or in the process of being closed before the media investigation, Credit Suisse said, with the remaining accounts being properly vetted and unable to comment on individual customers, and the company taking action to mishandle customers.

The OCCRP statement, citing a Credit Suisse whistleblower, said that “the Swiss bank’s pretext to protect financial privacy is only to cover up a shameful act of helping tax evaders, a situation that fuels corruption and deprives developing countries of much-needed tax revenue”.

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