In Germany they investigate the crimes, made by depositors of the Liechtenstein banks

September 2008

The German investigating agencies opened 966 criminal cases on suspicion of tax evasion. The suspected persons used the Liechtenstein banks.

The net of investigations started when the German procuratorship received a CD containing the data on persons, having accounts in LGT Group, a bank with the Liechtenstein capital.

Then they received more then 2 000 account statements of the Liechtensteinische Landesbank (LLB) clients. At the beginning the account statements held the fraudsters, which blackmailed the bank and its clients, demanding to pay them big amounts for not passing the data to a court. The data were received from the banks employee.

LLB bank paid more than 13mln euro for the data trying to avoid the information disclosure and save its reputation. But when the fraudsters were arrested, the data on the deposit holders were placed to the hands of law enforcement agency.