BRIEF-East West Banking clarifies on news article entitled “East West prepares succession plan”
* Refers and clarifies on news article entitled “East West prepares succession plan” posted in Philstar.com on March 30, 2017
* Former banker Elmer held for passing data to WikiLeaks
* Appeal lodged within ten-day deadline ZURICH, Jan 27 Swiss ex-banker turned whistleblower Rudolph Elmer has appealed a court ruling remanding him in prison over possible breaches of Swiss banking secrecy, a lawyer representing Elmer said on Thursday.
Elmer was taken into custody by police on January 19 after handing over computer discs to WikiLeaks two days earlier. The former Julius Baer BAER.VX banker indicated the CDs contained details of as many as 2,000 offshore bank accounts.
"The state attorney asked the court to remand Mr. Elmer in custody, and the decision to do so was taken on January 22. Mr. Elmer had 10 days to appeal, he has now done so and is waiting for the court of appeal's decision," said Ganden Tethong from the law firm Tethong Blattner, which is representing Elmer.
In a separate case earlier on Jan. 19, Elmer was convicted of breaching strict banking secrecy by passing on private client data to the tax authorities and of threatening employees at his former company. He has already appealed that verdict. [ID:nLDE70J1RI] (Editing by Myra MacDonald)
* AXACTOR ENTERS 1ST AGREEMENT TO ACQUIRE UNSECURED NON-PERFORMING LOAN