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Former Julius Baer Banker Says He May Release Data on Tax Cheats in U.S., India
By Colby Adams
printA former Bank Julius Baer official is weighing turning over data on suspected tax cheats to U.S. and Indian officials after the Swiss government declined to investigate his allegations. Rudolf Elmer, the former chief operating officer of the Zurich-based bank's Cayman Islands operations, disclosed in an interview Friday that the information could implicate as many as 2,000 clients of the institution. The data has been distributed to associates in the United States and U.K., he said. Elmer, who has been tied to at least two leaks of financial data, said Swiss officials declined to question him about the information, telling...
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Former Bank COO Rudolph Elmer, who has been sued by Julius Baer for allegedly leaking hundreds of the bank's documents suggesting a systemic laxity toward tax evasion and money laundering, said the Swiss laws allow institutions to hide their criminal support for white collar criminals.
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