prosecutor seeks 6 years jail for man behind swissleaks scandal
Last Updated : GMT 06:31:10
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

arabstoday
arabstoday

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*

prosecutor seeks 6 years jail for man behind swissleaks scandal prosecutor seeks 6 years jail for man behind swissleaks scandal

 



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*

prosecutor seeks 6 years jail for man behind swissleaks scandal prosecutor seeks 6 years jail for man behind swissleaks scandal

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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