Swiss Attorney General: Former Analyst Transferred Stolen Data to Lebanese Banks
Swiss authorities have charged a fugitive banking analyst with data theft and their transfer to several institutions abroad, including Lebanese banks, in what is considered to be one of the biggest security breaches in the country's often-secretive banking sector.
The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC.
The Office of the Attorney General of Switzerland says the data theft charges against the French-Italian national involve stolen bank information transmitted to Lebanese banks, the Paris-based National Directorate of Tax Investigations and other foreign authorities.
Account details were sent to former French finance minister, Christine Lagarde, now head of the International Monetary Fund, who passed them on to U.S. and European Union authorities.
Many of HSBC's Swiss clients became exposed to prosecution for tax evasion — and the leak ratcheted up pressure on Switzerland to crack down on foreign tax cheats.
"Sometimes celebrated as a hero abroad, the Franco-Italian national is now to answer for his alleged crimes before a Swiss court," the Swiss attorney general's office said in a statement on Thursday. "The Swiss Criminal Procedure Code does not exclude the possibility of holding a court trial of the accused person in absentia."
An international arrest warrant went out for Falciani in 2009. He was arrested in Barcelona in July 2012 after he left France by sea. But Spain's National Court ruled against extraditing him, rejecting the charges Swiss authorities wanted to bring.
The court lifted all restrictions against Falciani, allowing him to leave Spain, and said he was cooperating with investigators from several European countries in probes into tax evasion, money-laundering and terrorism financing.
Source: Associated Press, Naharnet
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