#SwissLeaks: Lebanon Is #11 and #12 In Countries With The Most Money In Swiss Banks

A Separate State of Mind | A Blog by Elie Fares

We often hear that the Lebanese diaspora has a lot of money and is quite well off. That is the impression that we leave abroad. When I was in France, the stereotype that many seem to attribute with Lebanese is being rich. As my grandma would say: a reputation of richness is better than that of poverty.

But how rich are the Lebanese abroad? How much money do they have in foreign banks? Well, how about we discover the situation in the banking capital of the world: Switzerland. After all, aren’t we the Switzerland of the Middle East?

A fascinating report has surfaced online yesterday  detailing information that was “stolen” by Hervé Falciani, a former employee at HSBC Switzerland’s HQ in Geneva. The information dates back from 2007. It encompasses a timeframe of a few months’ worth of transactions across HSBC in Geneva: between November 9th, 2006 and March 31st, 2007.

The information…

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