WikiLeaks banker Elmer arrested for breaching bank secrecy

[News_Editor]

WikiLeaks banker Elmer arrested for breaching bank secrecy

2011-01-20 10:36:13 GMT+7 (ICT)

ZURICH, SWITZERLAND (BNO NEWS) -- WikiLeaks banker Rudolf Elmer on Wednesday was arrested for breaching bank secrecy by giving data to the controversial website.

According to Le Tribune de Geneve newspaper, the Zurich District Court ruled that the former banker was guilty of repeated violations of bank secrecy, attempted coercion and threatening his former employer.

Prosecutors asked for a sentence of eight months in prison and a fine of 2,000 francs ($2,092) but the defense called for a penalty of 1,050 francs ($1,098) as it considered Elmer only guilty of attempted coercion.

The former banker received a 7,200 francs ($7,500) suspended fine but avoided jail time. However, he was arrested just hours after the trial for another bank secrecy offense.

Elmer is accused of giving two CDs to WikiLeaks founder Julian Assange in London last Monday. The discs contained data of about 2,000 offshore bank accounts belonging to undisclosed multinational companies and people in business, entertainment and politics.

The state prosecutor's office is investigating whether Elmer violated Swiss banking law Elmer's attorney said that Swiss banking secrecy does not apply to data from the Cayman Islands, the alleged location of the bank accounts.

Elmer said that he did not receive any money from Assange in exchange for the data. He stole such information after being fired from his job at a Julius Bär Zurich bank branch in Cayman Islands.

Then he tried to extort from the senior-executives of the Swiss-based bank. He was also accused of making a bomb threat against the bank's Cayman Islands branch but Elmer said his threats were limited to emails.

The Swiss banker helped bring WikiLeaks to prominence when he disclosed secret details of his clients three years ago. He was then labeled as a "whistleblower".

-- © BNO News All rights reserved 2011-01-20

[SantiSuk]

:clap2:Bravo to Elmer (maybe) and I hope he does not suffer.

Swiss banking secrecy laws are immoral in my view. I am not opposed to wealth but I am opposed to people not paying their fair dues to society. People who use secret accounts do not of course break the law in Switzerland but invariably they are breaking laws in their country of residence. Swiss gnomes have profited far too long on the back of this morally corrupt activity.

If it can be shown that the names that have been disclosed did evade taxes as a result then Name and Shame, I say. Perhaps he did not do that and innocent individuals will have had their privacy breached with no justification, which is why I say maybe above.