The US Justice Department has indicted Martin Dunki, a former vice president of Swiss private bank Rahn & Bodmer, over charges of conspiring to help Americans hide assets in offshore accounts and evade taxes.
Dunki, who retired from the bank in 2012, was charged with a single conspiracy count in Manhattan federal court, but has not been arrested yet.
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The bank was not named in court papers, but was described as purporting to be the oldest private bank in Zurich, a description that Rahn & Bodmer uses on its website.
US prosecutors said that Dunki helped US taxpayers hide hundreds of millions of dollars in undeclared accounts at the bank from 1995 to 2012 to evade taxes.
In 2013, Edgar Paltzer, a Zurich lawyer and one of Dunki’s alleged co-conspirators pleaded guilty regarding a tax conspiracy, and is currently cooperating with the US authorities on their investigation of Swiss banks, financial advisers, bankers, lawyers and taxpayers.
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By GlobalData
