'A few account holders tried to stop Swiss bank probe': OCCRP

Published February 22, 2022
Switzerland's national flag flies beside a logo of Swiss bank Credit Suisse at its headquarters at the Paradeplatz square in Zurich. — Reuters/File
Switzerland's national flag flies beside a logo of Swiss bank Credit Suisse at its headquarters at the Paradeplatz square in Zurich. — Reuters/File

WASHINGTON: Journ­alists and investigators who uncovered a new Swiss banking scandal this weekend said on Monday that some account holders tried to stop their investigation but government officials did not interfere.

At an online news conference from Lisbon, Portugal, members of the Organised Crime and Corruption Reporting Project (OCCRP) said “there have been steps from clients who tried to, in my opinion, threaten in a legal way to prevent (the data’s) publication, not authorities.”

A US journalist was interested in knowing if US or Swiss authorities contacted OCCRP for follow-ups and if some authorities or individuals also tried to stem their probe. He also wanted to know why the investigators picked Credit Suisse for their probe.

“We did not pick Credit Suisse, it was a source who leaked Credit Suisse data and shared the information with us,” said Frederick Obermaier. “We would be happy to look at other options as well if whistleblowers approach us.”

Also read: EU parliament's biggest bloc wants Switzerland 'blacklisted'

Mr Obermaier said he was not aware of any steps from authorities to prevent the investigators from reporting the scandal.

He said: “We have also not received any requests for follow-ups from Swiss or other authorities. But in informal ways, we have received messages from current and former prosecutors from different countries who applauded the team’s effort.”

Another OCCRP associate, Maxime Vaudano said that during the investigation, contacts with investigators in different countries also uncovered new investigations on historical cases.

Published in Dawn, February 22nd, 2022

Opinion

Editorial

Budget presser
Updated 14 Jun, 2026

Budget presser

If the FBR falters, the government will find itself in hot water sooner rather than later.
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...