Cayman Islands

Rudolf Elmer, the founder of Swiss Whistleblower who we wrote about here is in the news again. He will return to Switzerland to appear in court on January 19, where he will face charges of stealing banking information. Two days earlier he will be at the Frontline Club in London to present Wikileaks with CD's containing the offshore bank account details of 2,000 "high net worth individuals" and corporations.

Elmer told the Observer that the details on the CD's will include information on business people, approximately 40 politicians, people who have made their living in the arts and multinational conglomerates, from US, Britain, Germany, Austria, Asia, and all over.

Elmer, says he is releasing the information "in order to educate society". He is concerned about the wealthy individuals and multinationals who use banking secrecy to hide possibly criminal activities such as tax evasion.

"What I am objecting to is not one particular bank, but a system of structures, I have worked for major banks other than Julius Baer, and the one thing on which I am absolutely clear is that the banks know, and the big boys know, that money is being secreted away for tax-evasion purposes, and other things such as money-laundering – although these cases involve tax evasion."

"I agree with privacy in banking for the person in the street, and legitimate activity, but in these instances privacy is being abused so that big people can get big banking organisations to service them. The normal, hard-working taxpayer is being abused also.