Pierre Condamin-Gerbier, employee at Reyl & Cie. bank, was arrested on July 5th, 2013 for violation of the Swiss banking secrecy code and placed in provisional detention, after having unveiled the names of fifteen French public figures who held accounts within the said establishment, thus breaching the Swiss banking secrecy laws upheld by the Swiss Constitution.
The harsh reaction of the Swiss authorities confirm their commitment to preserving the Swiss banking secrecy code and their determination to severely reprimand anyone who seeks to undermine it, even in the context of a statement given to the judge of instruction of another country or, as in the case of Pierre Condamin-Gerbier, before the Commission of Inquiry of the National Assembly.
Banking secrecy in Switzerland is protected by law and its detractors must pay the price … To continue . . .