Swiss court may unveil black money names on 3CDs
Description
Three CDs containing names of Swiss account holders, possibly in Cayman Islands, could also contain Indian names. Over the next couple of weeks, a Zurich court could unveil the names of several account holders of Swiss bank Julius Baer, which could include many Indian names. Julius Baer had until 31 May to object to a Zurich High Court decision to unseal three CDs containing names of several account-holders, but the Swiss bank failed to do so – which could mean that these names could soon be in the public domain. Three CDs are at the core of a case involving Rudolf Elmer, a former Julius Baer Chief Operating Officer, who leaked 2,000 names to WikiLeaks. Elmer was then arrested and went on trial for allegedly breaking Swiss banking secrecy laws. However, the case against him would not hold if the CDs are found to contain names of account-holders of the bank in Cayman Islands, where Elmer worked for two years. Read more at: https://www.firstpost.com/india/swiss-court-may-unveil-black-money-names-on-3cds-341115.html
Copyright Date
June 2012
Publication Date
12-6-2012
Publication Title
First Post
Publisher
Network 18 media conglomerate
Keywords
Black money, Illegal money, Indian economy, Corruption, Taxation
Source Link URL
https://www.firstpost.com/india/swiss-court-may-unveil-black-money-names-on-3cds-341115.html
