Swiss Courts may unveil black money names on 3CDs
Julius Baer had until 31 May to object to a Zurich High Court decision to unseal three CDs containing names of several account-holders, but the Swiss bank failed to do so – which could mean that these names could soon be in the public domain.
The fight has been about what is on the CDs, one of which had been given to the newspaper Cash. The prosecution had asked the paper to hand over the CDs, but Cash instead sent them to Julius Baer on the grounds of protecting their sources. The bank argued that they should remain sealed to protect client privacy.