Swiss court acquits ex-banker Elmer who said he gave secrets to WikiLeaks exposing Switzerland’s largest private Swiss bank, Julius Baer. | WHAT REALLY HAPPENED


Swiss court acquits ex-banker Elmer who said he gave secrets to WikiLeaks exposing Switzerland’s largest private Swiss bank, Julius Baer.

The following is the first of three written statements by Rudolf Elmer, the former Chief Operating Officer of Bank Julius Baer in the Cayman Islands. This first letter details the offshore structures of the Bank Julius Baer group, explains workings of several of Baer’s hedge funds and outlines how Julius Baer employs these to avoid paying taxes in the home country of the group.

It is the account of a whistleblower stepping forward to talk about unlawful and unethical behavior.

Wikileaks has verified the material on a preliminary basis, coordinating efforts with the Bern Declaration, and is now asking financial specialists to have a look and verify the substance of the published statements of Mr. Elmer.

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