VIENNA — Credit score Suisse CSGN.S mentioned on Sunday it “strongly rejects” allegations of wrongdoing after dozens of media printed outcomes of coordinated, Panama Papers-style investigations right into a leak of information on 1000’s of accounts held there in earlier a long time.
One individual leaked the knowledge on the accounts starting from the Nineteen Forties to the 2010s to Germany’s Sueddeutsche Zeitung, which shared it with the Organized Crime and Corruption Reporting Mission and 46 different information organizations together with the New York Occasions, the Guardian of Britain and France’s Le Monde.
The allegations within the media articles included that the financial institution had human rights abusers and businessmen beneath sanctions amongst its purchasers.
“Credit score Suisse strongly rejects the allegations and insinuations in regards to the financial institution’s purported enterprise practices,” Credit score Suisse mentioned in an announcement issued in response to the consortium’s experiences.
“The issues offered are predominantly historic … and the accounts of those issues are primarily based on partial, inaccurate, or selective info taken out of context, leading to tendentious interpretations of the financial institution’s enterprise conduct.”
The financial institution mentioned it had acquired “quite a few inquiries” from the consortium up to now three weeks and reviewed most of the accounts in query.
“Roughly 90% of the reviewed accounts are right now closed or have been within the means of closure previous to receipt of the press inquiries, of which over 60% have been closed earlier than 2015,” it mentioned.
“Of the remaining lively accounts, we’re snug that acceptable due diligence, opinions and different management associated steps have been taken in step with our present framework. We’ll proceed to research the issues and take further steps if essential.”
—Reporting by Francois MurphyEditing by Frances Kerry