The Fly

Credit Suisse faces probe after leak of $100B accounts, Bloomberg reports

The leak of account details of thousands of formed Credit Suisse Group clients who held over $100B faces a criminal probe, Hugo Miller of Bloomberg reports. Switzerland’s Attorney General’s Office confirmed it is investigating suspected acts of corporate spying and violations of banking secrecy laws after the leak, which saw 18,000 accounts leaked to an international consortium of media. The criminal probe could halt efforts to boost transparency in Switzerland while also intensifying international criticism of the country’s tendency to prosecute the whistleblower rather than the criminal activity exposed. Reference Link

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