Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Credit Suisse leak reportedly shows dictators, pop star’s killer among clients

Credit Suisse leak reportedly shows dictators, pop star’s killer among clients

A massive leak at Credit Suisse has reportedly revealed that the bank counts dictators, a political crony who paid a hitman to kill his pop star girlfriend, and a drug trafficker among its clients.

The Zurich-based lender, which manages assets totaling $1.77 trillion, was targeted by a whistleblower who leaked information on its accounts to German newspaper Sueddeutsche Zeitung.

The newspaper shared it with the Organized Crime and Corruption Reporting Project and 46 other news organizations including the New York Times, Britain’s Guardian and France’s Le Monde.

The Panama Papers-style investigations published Sunday revealed that some of the world’s worst war criminals used Switzerland’s notoriously strict privacy laws to hide vast sums of money.

These funds were reportedly pillaged from their respective countries, most of them in the developing world.

Ferdinand and Imelda Marcos, the Filipino ruling couple who are believed to have stolen as much as $10 billion from public coffers during their reign, were helped by the bank to hide the funds, according to the Guardian.

The Swiss lender also helped Ferdinand and Imelda Marcos steal billions of dollars during their 20-year reign over the Philippines, according to documents leaked by a whistleblower.
Cronies of the late Egyptian dictator Hosni Mubarak opened several accounts with Credit Suisse where they hid hundreds of millions of dollars, according to documents.
Jordan’s King Abdullah, who rules over one of the world’s most impoverished countries, is believed to hold hundreds of millions of dollars in several Credit Suisse accounts.

A lawyer convicted of helping Marcos launder money in 1992 was still able to open an account with Credit Suisse around eight years later, according to the report.

The lawyer, Helen Rivilla, and her husband, Antonio, held around $5 million with the bank before their accounts were closed in 2006.

The sons of the late Egyptian dictator Hosni Mubarak, who ruled the country for three decades until he was forced out of office in 2011, reportedly stashed more than $187 million in a joint account managed by Credit Suisse.

A Mubarak crony, Egyptian billionaire Hisham Talaat Moustafa, was allowed to keep an account as recently as 2014 even though he had been convicted of paying $2 million to a former cop in order to kill his girlfriend, the Lebanese pop star Suzanne Tamim, according to the investigation.

The singer was found decapitated in her Dubai apartment in July 2008.

Lebanese pop star Suzanne Tamim was murdered in 2008 by her boyfriend in Dubai.
Credit Suisse said the allegations are “predominantly historical” and that “the accounts of these matters are based on partial, inaccurate, or selective information taken out of context.”

Jordanian King Abdullah and his wife, Queen Rania, the monarchs who rule over one of the poorest countries in the world, opened as many as six accounts with Credit Suisse. Just one account is believed to hold an estimated $245 million.

Credit Suisse said in a statement that it “strongly rejects the allegations and insinuations about the bank’s purported business practices.”

Credit Suisse said the allegations are “predominantly historical” and that “the accounts of these matters are based on partial, inaccurate, or selective information taken out of context, resulting in tendentious interpretations of the bank’s business conduct.”

The bank said it had reviewed a large number of accounts potentially associated with the allegations, and about 90% of them “are today closed or were in the process of closure prior to receipt of the press inquiries, of which over 60% were closed before 2015.”

Sueddeutsche Zeitung said it received the data anonymously through a secure digital mailbox over a year ago. It said it’s unclear whether the source was an individual or a group, and the newspaper didn’t make any payment or promises.


AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
×