Transparency International, India, issued this press release today. I think it worth reproducing in full:
Transparency International, India is concerned over the attitude of the Indian Government in seeking information from the German Government about millions of dollars of un-accounted-for money, belonging to the people of India, lying in Liechtenstein, a small country near Germany.
The Indian […]
The FT has reported that Rudolf Elmer, a former manager with Julius Baer, the private Swiss bank, has filed a claim with the European Court of Human Rights alleging infringement of his human rights, and those of his wife and child - who are both German - by upholding the elements of the banking law […]
As the International Herald Tribune has reported:
Under pressure from Germany, the European Union on Wednesday agreed to consider a new clampdown on tax havens, despite the opposition of one country, Luxembourg, which said it saw no reason to change the existing law.
It noted:
Luxembourg, which has a developed an important financial center and which defends banking […]
Forbes has reported that:
A federal judge in Southern Florida today unsealed an indictment charging two foreign bankers, one a former private banker for UBS AG, with defrauding the U.S. by helping billionaire Orange County, Calf., real estate developer Igor M. Olenicoff evade U.S. taxes on $200 million hidden in Swiss and Liechtenstein bank accounts.
The charge […]
Accountancy Age reports that;
One in eight British business leaders admit they have paid bribes or have been involved in other corrupt dealings of the past two years, double the figures in France and Germany, according to Ernst & Young (E&Y)’s 10th biennial survey of senior executives.
The survey, which interviewed 1186 business leaders in large organisations […]
Thanhniennews.com has reported:
At the [Vietnamese] National Assembly session, the government filed a report saying 2006’s tax revenues collected from foreign-invested businesses were around VND1.97 trillion (US$122 million) less than expected. The government attributed the discrepancy to the slow growth of the automobile and tobacco markets.
But the explanation was met by harsh opposition from other deputies. […]
The Scotsman has reported that Paddy Tomkins, Scotland’s Chief Inspector of Constabulary, has identified a raft of improvements needed in the way police deal with fraud, which is thought to be costing the UK about £13.9 billion a year - or £330 for every person in the country. His report said:
The range of types and […]
Jérôme Turquey has a fascinating blog on a German television documentary where a reporter asked a number of banks if they would help move illicit funds in Liechtenstein to a Luxembourg bank. As he notes:
The adviser of the first bank praised the high standards of safety of the country which allowed anonymous placements with numbered […]
The International Herald Tribune reports that:
Swiss banks cannot be expected to police foreign clients’ tax affairs, one of the country’s top banking officials said Monday, rejecting German demands for greater cooperation to catch tax evaders.
The president of the Swiss Bankers Association laid the blame for tax evasion squarely at the feet of governments that demand […]
Reuters has reported that:
Prosecutors for Sierra Leone’s war crimes court are trying to track down $375 million they say vanished from two U.S. bank accounts held by former Liberian President Charles Taylor when he was forced from power in 2003.
The Special Court’s chief prosecutor, Stephen Rap, said a London law firm working with the court […]
