Home » Economy » Infringement of bank secrecy – «affair Hildebrand»: SVP politicians and IT bankers condemned | News

Infringement of bank secrecy – «affair Hildebrand»: SVP politicians and IT bankers condemned | News

Wednesday, August 23rd, 2017 | Economy

The Obergericht punished Lei for his help in the violation of bank secrecy with a conditional fine of 40 daily rates of CHF 340. In April 2016, the District Court of Zurich had imposed 120 more daily prescriptions.
The second accused, a former IT staff member of a bank, was fined with a conditional fine of 70 daily rates of 30 Swiss francs due to bank secrecy. The District Court had punished him even more leniently with 45 days' sentences. The probationary period is two years.
As the chairman explained in the context of the oral opening of the verdict, bank secrecy had been violated when the two former Federal Councilors Christoph Blocher had informed. Among other things, Lei had arranged the contact and organized the meeting. He had thus made important contributions to the subject.
Copies of two foreign exchange transactions
In November 2011 the IT employee of a bank had screened the private account of the national bank president Philipp Hildebrand. These showed two profound foreign exchange transactions – and in between the decision of the Swiss National Bank (SNB) to introduce a euro minimum rate
With the copies the IT staff turned to SVP politician and lawyer Hermann Lei, whom he knew from Kindergartentagen. As a result, the two came to various politicians and journalists.
The defender of the banker had submitted in the trial before the Supreme Court in June that his client had not managed to get copies with the public. He had only wanted to get advice from the lawyer, Lei, whether he had to inform someone about the delicate transactions in his eyes.
To the supervisory authority
Lei had then told the Supreme Court that he was convinced that he had acted correctly. A national bank president can not make two foreign exchange deals if his institution in between with an announcement the course explodes.
For the Obergericht, however, this did not constitute a justification for the meeting with Blocher: A "Whistleblower" could only turn to the public as a last step if it had previously exploited other existing possibilities. Lei would have had to turn to the relevant supervisory authority in the present case, the presiding judge said on Wednesday.
(AWP / SDA)

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