Swiss Court Dismisses Case Against Cum-Ex Whistleblower Eckart Seith
The Zurich court ruled that the initial investigation was biased, marking a significant moment for whistleblower protections in Switzerland.
- Eckart Seith, a German lawyer who exposed the Cum-Ex tax fraud scandal, had his case dismissed by the Zurich Obergericht due to prosecutorial bias.
- Seith was accused of economic espionage and violating Swiss banking secrecy laws by sharing internal bank documents with German authorities.
- The Cum-Ex scandal involved fraudulent tax refund claims, costing German taxpayers billions, with Seith’s actions helping to halt payouts of at least €460 million.
- The case raised critical questions about the balance between whistleblower protections and Switzerland's strict banking secrecy laws.
- Seith’s legal victory is seen as a pivotal moment for civil society and whistleblower rights, though further appeals by Swiss prosecutors remain possible.