Wikileaks banker found guilty - but escapes jail

Gavel

A former Julius Baer banker found guilty on Monday of breaching Swiss banking secrecy laws by handing over data about offshore clients to WikiLeaks will avoid jail time.

Reuters reports that the trial of Rudolf Elmer, 59, a self-described 'Gandhi of Swiss tax law', comes as banking secrecy in Switzerland is crumbling under international pressure from countries trying to recoup lost tax revenue.

The former senior executive at Baer's Cayman Islands office was accused of passing confidential information to WikiLeaks on two occasions, one in 2008 and another in 2011.

To access the complete Reuters article hit the link below:

Ex-Swiss banker found guilty in WikiLeaks trial, avoids jail

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