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Credit Suisse’s $100 Billion Data Leak Faces Investigation in Setback for Whistleblowers

  • ‘Suisse Secrets’ revelations a year ago made global headlines
  • Some of leaked accounts reportedly tied to drug trafficking
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Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group AG clients who’d reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.

The Attorney General’s Office confirmed it’s investigating suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws after the information on 18,000 accounts was leaked to an international consortium of media, the OCCRP. The journalists went on to publish a series of exposes last February under the tagline “Suisse Secrets” which reported that the client roster included drug barons and kleptocrats.