A recent trove of leaked documents reveals the secret owners of roughly $107 Billion held in the Credit Suisse Bank. The revelation provides ownership linkages of over 30,000 Credit Suisse clients from all over the world. Those clients include corrupt politicians, drug and human traffickers, organize crime bosses. Even an account linked to the Vatican was identified in the fraudulent purchase of a property in London.

 Credit Suisse is an iconic financial institution, one of the largest wealth managers in the world, handling accounts valued at more than 1.6tn Swiss francs (CHF) and (£1.3tn). According to the information released, the exposed accounts had been opened from the 1940s through 2010’s. In response to the leaked documents, Credit Suisse stated that about “90% of the accounts leaked had been closed or were in the process of being closed.” But then it is difficult to take the word of recidivist bad actors. For decades the bank has been embroiled in allegation of aiding corruption and helping it’s clients launder ill-gotten funds and protecting assets from due taxation.

 MiTC have not yet been able to tie the details of the recently leaked accounts with some Credit Suisse bank accounts that we uncovered as far back as 2008.  In fact, since 2009 we have been asking the PM and the government of Dominica to investigate the Dominican owned Credit Suisse accounts and now that an alleged Credit Suisse Bank money laundering and tax evasion scheme has been exposed, we are again asking the Prime Minister and the government of Dominica to provide a response on the following Credit Suisse accounts – Account # 0512XXX486.00 DM and Account # 0512XXX655.00 DM. Our discovery shows that these accounts were created in 2007.  At the time of our findings the account ending with 486 contained US $20 Million and the account ending with the numbers 655 had US $7.6 Million.

In February of 2015 another trove of nearly 60,000 secret documents obtained by the International Consortium of Investigative Journalists (ICIJ) exposes the shady dealings of the Swiss branch of HSBC bank. The documents show that the Swiss branch of HSBC bank was allegedly involved in a massive tax evasion and money laundering scheme. Among the list of clients in the secret documents were 28 Dominicans with a total of US $40.9 Million in secret accounts. There were 24 foreign nationals with purchased Dominican passports and the remaining 4 accounts were owned by local Dominicans. We are convinced that in 2011 we might have found two of the 4 accounts that were locally owned. We have also been asking the minister of finance and PM of Dominica to look into those accounts. 

We found HSBC Account # - XXX37908497 containing US $9.2 Million. That account we found out was owned by a Dominica government politician.  In anticipation of responses from the diabolical DLP spinners and miscreants like Anthony Astaphan, Clarence Christian, Al Bennoits et al, we are not talking about politicians from the Dominican Republic.

We also found a second Swiss Branch HSBC Account- # 867XX40192 with US $2 Million, also belonging to a politician. That account was opened in December 2011 and unconfirmed information alleges that this particular account was initiated from financial proceeds of a diplomatic passport transaction.

Besides the Credit Suisse and HSBC accounts, several other Dominican owned Swiss Bank accounts had been uncovered during our investigations. We have also published the details of those accounts. The following table is a summary of the Swiss offshore accounts uncovered by MiTC. The HSBC and Credit Suisse accounts are included. 

The above table shows that between 2007 and 2010 there was already US $64.67 in Swedish offshore accounts. All of that money being hidden away by local Dominicans either avoiding taxes and or hiding corruption money.  Since 2010 many diplomatic passports had been sold and the CBI money embezzlement proliferated. Just imagine the present value of those offshore accounts owned by the DLP operatives, foreign friends and cabal of the Skerrit administration.

It is also very important to note that the account information as shown above may very well be outdated. Even the banks themselves had been under much scrutiny and law enforcement investigations and so it would be quite reasonable to assume that those accounts may have been closed, dormant or even relocated.

We learnt through the Panama Papers leak that Dominica as a country own a secretive offshore account in Panama. There was also a secret account held by the board of the National Bank of Dominica. Go figure

 It is well known that Switzerland and Panama serve as money hiding havens for criminals, corrupt politicians included, who are seeking to avoid the purview of tax collectors or law enforcement.  Mr. Prime Minister and Minister of Finance the taxpayers of Dominica deserve a thorough investigation of the offshore accounts in Switzerland and in Panama. 

 Truth be Told -We dare you…….