Reply #5: The why, for those not familiar with the case:

[formercia]

http://upload.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3312048&mesg_id=3312770

Robbien Donating Member (1000+ posts) Fri May-16-08 03:32 PM
Response to Reply #49
51. It also appears there is a whistleblower out there on Swiss bankers

Swiss private banker blows whistle on banking secrecy laws

Rudolf Elmer, a former manager with Julius Baer, has lodged a case with the European Court of Human Rights against Switzerland's rules on bank secrecy, according to a report in the Financial Times.

Elmer told reporters in Berlin the Swiss banking law permits finance institutions to cover up their "criminal support for white collar crime" such as tax evasion, and allows witnesses in legal cases to remain anonymous if bank secrecy is at risk. These factors mean "fair trials are not possible under the law".

The complaint is significant in light of Germany's tax investigation against Liechtenstein, which was sparked by stolen bank data.

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