Swiss lender Credit Suisse has allowed drug traffickers, money launderers and gangsters to hide their money overseas, documents leaked yesterday show.
The treasure trove of documents reveals that Credit Suisse held the accounts of a billionaire who ordered the murder of his Lebanese pop star partner and a Hong Kong stock exchange boss jailed for corruption.
The leak was shared with The Guardian and several other international media organizations.
The Swiss lender has denied the charges.
“Credit Suisse strongly rejects the allegations and insinuations regarding the bank‘s alleged business practices,” it said in a statement.
“The cases presented are primarily historical, in some cases dating back to the 1940s, and the accounts of these cases are based on partial, inaccurate or selective information taken out of context, resulting in biased interpretations of the bank’s business conduct. ”
Credit Suisse’s alleged role in helping criminals move their money overseas adds to the long list of scandals that have embroiled the bank of choice for the world’s wealthy elite.
Last month the loanee lost its chairman Antonio Horta-Osorio after he resigned following an internal investigation that revealed he broke Covid-19 quarantine rules to attend the Wimbledon tennis finals and the Euro 2020 final.