Swiss whistleblower to hand offshore banking secrets to WikiLeaks

Rudolf Elmer is a former chief operating officer in the Cayman Islands and employee of the powerful Swiss financial institution Julius Baer bank. In London tomorrow he will hand over CDs of mainly British and American individuals and companies who are offshore clients whose details will be contained on CDs presented to WikiLeaks at the Frontline Club in London. Those involved include, Elmer tells the Observer, “approximately 40 politicians”.

Elmer who has been living in exile on the Indian Ocean island of Mauritius, will then fly back to Switzerland to face trial. Along with the City of London and Wall Street, Switzerland is a fortress of banking and financial services, but famously secretive and expert in the concealment of wealth from all over the world for tax evasion and other extra-legal purposes.

Elmer says he is releasing the information “in order to educate society”. The list includes “high net worth individuals”, multinational conglomerates and financial institutions – hedge funds”. They are said to be “using secrecy as a screen to hide behind in order to avoid paying tax”. They come from the US, Britain, Germany, Austria and Asia – “from all over”.

Swiss whistleblower Rudolf Elmer

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