Credit Suisse Secrets Pakistan List 2022

Credit Suisse Secrets Pakistan List 2022

Credit Suisse Secrets Pakistan List 2022 or credit suisse leak Pakistan available on this Page. Many important and rich people across the world and their families are in trouble. One of them is former Pakistani military dictator Zia-ul-Haq’s close aide General Akhtar Abdur Rahman. He has been named in the Suisse Leaks.0 seconds of 0 secondsVolume 0%

More than 163 journalists from 48 media outlets in 39 countries across the globe have probed into one of the world’s wealthiest and most important banks — Credit Suisse.

Credit Suisse Secrets Pakistan List 2022
Credit Suisse Secrets Pakistan List 2022

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Prepared under the banner of the Organized Crime and Corruption Reporting Project, the document includes analysis of bank account information leaked from Switzerland’s second-largest lender.

Credit Suisse Secrets Pakistan List 2022

It has revealed more that 18,000 accounts that held in excess of US$100 billion at their peaks. It is the only known Credit Suisse Secrets Pakistan List 2022 of a major Swiss bank’s client data to journalists.

Pakistan’s General Akhtar Abdur Rahman, General Zia-ul-Haq’s close aide, is among those named as well.

The investigators say he, along with Egypt’s Omar Suleiman, Yemen’s Ghaleb Al-Qamish and Jordanian spymaster Sa’ad Khair, “ran state intelligence agencies where they controlled large black budgets that were above parliamentary and executive scrutiny. All of these figures or their family members also held personal accounts at Credit Suisse worth large sums of money, without obvious sources of personal income that could explain the wealth”.

“All four had roles in key U.S. interventions in the Middle East and Afghanistan, from the CIA’s early attempts to back anti-Soviet mujahideen in the late 1970s, to the first Gulf War in 1990, to the so-called “forever wars” launched in Afghanistan and Iraq since 2001.”

In the late 1970s, OCCRP revealed, seven groups of mujahideen, who were battling Russia’s presence in Afghanistan, were backed by US. “Saudi Arabia matched U.S. funding to the jihadists dollar for dollar, often sending the money to the CIA’s Swiss bank account. The end recipient in the process was Pakistan’s Inter-Services Intelligence group (ISI), led by Akhtar.”

In 1980s Credit Suisse Secrets Pakistan List 2022, the Pakistani general opened three Swiss accounts in the names of his sons.

“One of the two Akhtar family accounts at Credit Suisse — held jointly by Akhtar’s sons Akbar, Ghazi, and Haroon — was opened on July 1, 1985, when the sons were in their late 20s and early 30s. That same year, U.S. President Ronald Reagan would raise concerns about where the money intended for the mujahideen was going. By 2003, this account was worth at least five million Swiss francs ($3.7 million at the time). A second account, opened in January 1986 in Akbar’s name alone, was worth more than 9 million Swiss francs by November 2010 ($9.2 million at the time).”

What are the Suisse Secrets?

In a statement, the OCCRP says: Switzerland is a well-known destination for money from all over the world, in part because of its banking secrecy laws. There is nothing inherently wrong with having a Swiss bank account. But banks are supposed to avoid clients who earned money illegally or were involved in crimes — and reporters identified dozens of corrupt government officials, criminals, and alleged human rights abusers among Credit Suisse account holders.

“The Suisse Secrets project investigates these account holders, whose exploitation of Swiss banking secrecy is a prime example of how the international financial industry enables theft and corruption. Given Credit Suisse’s numerous pledges to reform its due diligence practices over the years, the project highlights the need for increased accountability in this sector.”

The Credit Suisse Secrets Pakistan List 2022 data was provided to German newspaper Süddeutsche Zeitung by an anonymous source more than a year ago. There are no details available on the source’s identity. Other news media involved in the investigation include The New York Times, Italy’s La Stampa, Africa Uncensored in Kenya and Argentina’s La Nacion.

Included in the leak are details linked to more than 18,000 accounts and 30,000 account holders which held in excess of $100 billion at their prime in one of the world’s biggest private banks, Credit Suisse. This is not complete data of the bank which has 1.5 million private banking clients. Named as Suisse Secrets, this is the only known leak of a major Swiss bank’s client data to journalists.

A whistle blower shared this data with the German newspaper, Süddeutsche Zeitung, which coordinated the project along with the Organised Crime and Corruption Reporting Project, the world’s biggest investigative journalism organisation with its presence in all continents. In a statement, the whistleblower declared the secrecy laws of Swiss banking as immoral.

He said: “The pretext of protecting financial privacy is merely a fig leaf of covering the shameful role of Swiss banks as collaborators of tax evaders.” Credit Suisse responding to questions sent by journalists rejected the allegations and said the details uncovered by reporters are based on “selective information taken out of context, resulting in tendentious interpretations of the bank’s business conduct.” More than 160 journalists from 48 media outlets in 39 countries across the world spent months analysing bank account information leaked from Credit Suisse, Switzerland’s second-largest lender.

Many Pakistanis have also been found in the data. To be more precise, around 1,400 individuals domiciled in Pakistan are linked with around 600 accounts opened in Credit Suisse. The data also contained information of the accounts which have been closed now but remained operational in the past.

While The Credit Suisse Secrets Pakistan List 2022 News will run details of some account holders in coming days, they are of diverse nature. Also included among them are individuals who are either in the past or presently under investigation of the National Accountability Bureau. There are also cases where the accused opened accounts when inquiry against them was under progress and NAB would never get wind of the matter.

Several politically exposed persons opened their accounts at a time when they were public office holders and they didn’t mention it in their assets declaration submitted to the Election Commission of Pakistan. One such individual received a substantial amount of funds in Credit Suisse at the prime of his political career. One of the richest accounts held at the bank by a Pakistani was also owned by a politically exposed person.

The Credit Suisse Secrets Pakistan List 2022 data also contained details about some cases presently under probe in Pakistan where the investigators were fed wrong information about the assets under scrutiny. While many tend to believe that the fake accounts phenomenon is limited to Pakistani banks, it has emerged that Pakistanis have also used Credit Suisse for opening accounts in the names of their proxies in absence of proper due diligence of the bank.

Average maximum balance in accounts held by Pakistanis was 4.42 million Swiss francs (Rs841 million) compared with the overall average of the leaked data which stood at 7.5 million Swiss francs (Rs1.42 billion). Almost two hundred clients found in the data are worth more than 100 million Swiss francs (Rs19 billion) and more than a dozen had accounts valued in the billions.

While some accounts in the data dated back to the 1940s, more than two-thirds were opened from 2000 onward. Many of them were still open well into the last decade. News Desk adds: The client rosters of Swiss banks are among the world’s most closely guarded secrets, protecting the Credit Suisse Secrets Pakistan List 2022 identities of some of the planet’s richest people and clues into how they accumulated their fortunes, the New York Times reported.

The data covers accounts that were open from the 1940s until well into the 2010s but do not cover the bank’s current operations. Among the people listed as holding amounts worth millions of dollars in Credit Suisse accounts were King Abdullah II of Jordan and the two sons of the former Egyptian strongman Hosni Mubarak.

Swiss banks have long faced legal prohibitions on taking money linked to criminal activity, said Daniel Thelesklaf, the former head of Switzerland’s anti-money laundering agency. But, he said, the law generally hasn’t been enforced.

The Credit Suisse Secrets Pakistan List 2022 follows the so-called Panama Papers in 2016, the Paradise Papers in 2017 and the Pandora Papers last year. The new disclosures are likely to intensify legal and political scrutiny of the Swiss banking industry and, in particular, Credit Suisse. The Credit Suisse Secrets Pakistan List 2022 bank is already reeling from the abrupt ousters of its two top executives.

With its ironclad bank-secrecy laws, Switzerland has long been a haven for people who are looking to hide money. In the past decade, that has made the country’s largest banks — especially its two giants, Credit Suisse and UBS — a target for the authorities in the United States and elsewhere who are trying to crack down on tax evasion, money laundering and other crimes.

In 2014, Credit Suisse pleaded guilty to conspiring to help Americans file false tax returns and agreed to pay fines, penalties and restitution totaling $2.6 billion. The Credit Suisse Secrets Pakistan List 2022 bank also kept accounts open for a Zimbabwean businessman who was sanctioned by US and European authorities for his ties to the government of the country’s longtime president, Robert Mugabe. The accounts stayed open for several months after the sanctions were imposed.

The Credit Suisse Secrets Pakistan List 2022 bank information included many accounts linked to government officials across the Middle East and beyond. The Credit Suisse Secrets Pakistan List 2022 data raises questions about how public officials and their relatives accumulated vast fortunes in a region rife with corruption.

Senior officials and their offspring from several countries that cooperated with the United States in the Credit Suisse Secrets Pakistan List 2022 war on terrorism also had money stashed at Credit Suisse.

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