KARACHI – A former officer of the Pakistan Army General Akhtar Abdur Rahmanhas been named among 1,400 people in the Suisse Secrets leak as OCCRPclaimed to have the leaked records of 18,000 bank accounts holding assetsworth more than $100 billion.
Data on more than 18,000 bank accounts, holding more than $100billion wasleaked to German newspaper Süddeutsche Zeitung. Nearly 163 journalists from39 different countries across the globe have probed into one of the world’swealthiest and most important banks.
The latest scandal is dubbed as Suisse Secrets and is said to be the onlyknown leak of a major Swiss bank’s client data to journalists.
Many billionaires and business tycoons landed in hot waters while more thana thousand Pakistanis are also named including former Pakistani militarydictator Zia-ul-Haq’s close aide General Akhtar Abdur Rahman.
Noted personalities including Egypt’s Omar Suleiman, Yemen’s GhalebAl-Qamish, and Jordanian spymaster Sa’ad Khair, also named for havingpersonal accounts at Credit Suisse worth large sums of money.
Switzerland is considered to be an international tax haven due to low taxlevels and privacy laws. Banks are supposed to avoid clients who earnedmoney illegally or were involved in crimes while investigators uneartheddozens of corrupt government officials, criminals, and alleged human rightsabusers among Credit Suisse account holders.Credit Suisse dismisses wrongdoing after massive data leak
Read Top Stories
Zurich-based global investment bank and financial services firm madeheadlines across out after a massive data leak has brought to light thehidden wealth of its clients.
However, the Swiss bank rejected all allegations in a statement, saying itdismissed the allegations and insinuations about the bank’s allegedbusiness practices or lack of due diligence carried out.
A statement issued in this context cited “The matters presented arepredominantly historical, in some cases dating back as far as the 1940s,and the accounts of these matters are based on partial, inaccurate, orselective information taken out of context”.
