Tag Archives: Swiss Leaks

Eritreans Who Stashed Millions in HSBC Identified

Identity of two Eritrean clients in the HSBC SwissLeaks have been revealed
Identity of two clients from Eritrea who opened a secret Swiss account in 1981 and 1987 amounting to $315 million has been revealed

By TesfaNews,

STOLEN computer files with more than 100,000 names, nationalities, account information and detailed notes between the Swiss arm of Europe’s biggest bank HSBC and its  clients have been revealed, and along with them, a lot of dirty laundry.

The disclosure, now dubbed “Swiss Leaks”, is the biggest such exposure in Swiss banking history. It started when a computer security specialist named Hervé Falciani stole a huge cache of data in 2007 and gave it to the French government. Continue reading Eritreans Who Stashed Millions in HSBC Identified

‘Eritreans’ Stash US $695.2 Million in Swiss Accounts

BIZZARE. So, 32 clients who claimed to be associated with Eritrea opened 39 secret Swiss bank accounts between 1981-2006 and stashed around US $695.2 million. Although there was no Eritrea as a country until 1993, it’s curious to know who these people are behind the stash.

BY TESFANEWS

The #SwissLeaks project is based on a trove of almost 60,000 leaked files that provide details on over 100,000 HSBC clients and their bank accounts.

As a collaborative investigation with the International Consortium of Investigative Journalists (ICIJ), the project exposed how the Swiss branch of one of the world’s biggest banks, HSBC, profited from doing business with tax dodgers around the world. Continue reading ‘Eritreans’ Stash US $695.2 Million in Swiss Accounts