Arab Today, arab today prosecutor seeks 6 years jail for man behind swissleaks scandal
Last Updated : GMT 05:00:11
Arab Today, arab today
Arab Today, arab today

A court in the southern Swiss town of Bellinzona

Prosecutor seeks 6 years jail for man behind 'Swissleaks' scandal

Arab Today, arab today

Arab Today, arab today Prosecutor seeks 6 years jail for man behind 'Swissleaks' scandal

Herve Falciani, the former HSBC employee
Geneva - Arab Today

A Swiss prosecutor called Friday for former HSBC employee Herve Falciani, who leaked documents alleging the bank helped clients evade millions of dollars in taxes, to be jailed for six years.

Carlo Bulletti urged a court in the southern Swiss town of Bellinzona to find Falciani guilty of industrial espionage, data theft and violating Switzerland's long-cherished banking secrecy laws, and lock him up for six years, the ATS news agency reported.

Bulletti insisted that Falciani, a 43-year-old French-Italian national who exposed the so-called Swissleaks scandal, was not a whistleblower as he has portrayed himself to be.

"All claims of being a white knight are simply a web of lies," the prosecutor said during his closing arguments.

After the prosecutor, HSBC's lawyer addressed the court, followed by the defence, before the proceedings concluded.

The court is expected to hand down its verdict on November 27.

Falciani himself was not present Friday, having refused to travel from his home in France to take part in the trial.

The former HSBC employee leaked a cache of documents allegedly indicating the bank's Swiss private banking arm helped more than 120,000 clients hide 180.6 billion euros ($205.4 billion) from tax authorities.
He is widely viewed as a whistleblower and his actions have been hailed in countries where the leaked information is helping net tax cheats, but Swiss authorities maintain Falciani was only interested in "cashing in".

Bulletti on Friday listed different phases in Falciani's alleged criminal activities, starting with the acquisition of the documents in 2006.

Then in 2007, the former IT worker headed abroad to try to sell the information, first through a contact in Saudi Arabia, before approaching Lebanese banks.

Only after his plan to sell the data fell apart did Falciani contact European tax authorities and begin passing them the stolen information, the prosecutor said.

"We don't know if Herve Falciani was paid for transmitting this data to foreign state services, but that is not important" for determining his guilt, he said.

Bulletti insisted this was a clearly proven case of industrial espionage, pointing to the duration of Falciani's criminal activity and the value of the secrets he passed on, with his actions provoking a diplomatic crisis for Switzerland.

- 'World's biggest bank pillaging' -

Falciani has denied he was only seeking financial gain, insisting he had wanted to expose how banks support tax evasion and money laundering.

He has accused HSBC of pressuring Swiss authorities to push ahead with the case.

But the bank's lawyer insisted Friday that its former employee had committed "the world's biggest bank pillaging."

Falciani, the lawyer said, "acquired the equivalent of 76 gigabytes of raw data, the equivalent of the contents of 5,300 large binders."

"The collateral damage is incalculable for the clients, the bank, the image of Switzerland's and Geneva's financial sector," the HSBC lawyer said, insisting "a large majority" of clients impacted by the data leak were honest.

Falciani's defence lawyer Marc Henzelin urged the court to hand down a suspended sentence, slamming the flaws in HSBC's security system that had allowed his client to gather such a large amount of data.

Henzelin also pointed to the irony of the fact that Falciani was on trial at a time when Switzerland is in the process of dismantling its banking secrecy practices which for decades allowed foreign clients to hide billions from the taxman back home.

"It is not Falciani who is being judged. It is the court. It is Switzerland," he said.

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today prosecutor seeks 6 years jail for man behind swissleaks scandal Arab Today, arab today prosecutor seeks 6 years jail for man behind swissleaks scandal

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday