According to US Government claims, Switzerland-based financial services company Credit Suisse is involved in falsifying visa transactions and hiding $10 US billion in funds for its American clients, avoiding the necessary tax requirements.
This large – scale operation that took place from 2002 to 2008 was found to be twice the size of their original conclusion, with bankers making as much as 150 trips to the United States for the illegal transactions.
Several customers have relayed their experiences, where one banker even hiding bank statements on a Sports Illustrated Magazine. Another customer was taken to an anonymous meeting room in a lift rather than being led to the banker’s office. Credit Suisse has declined to comment on these allegations.
Read more about this on the Sydney Morning Herald website.
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