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Report: 2 fined for leaking bank details of former Swiss National Bank chairman

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Report: 2 fined for leaking bank details of former Swiss National Bank chairman

A Swiss court on April 13 handed out suspended fines to aformer Bank J. Safra SarasinAG employee and politician Hermann Lei for conspiring to leak thepersonal bank details of former Swiss National Bank Chairman Philipp Hildebrand in 2011,Neue Zürcher Zeitung reported thesame day.

The data showed that Hildebrand's then-wife had beeninvolved in insidertrading, executing several significant dollar trades using a BankJ. Safra Sarasin account to benefit from the exchange rate fix. This putHildebrand under pressure and ultimately led to his in 2012.

The former Bank J. Safra Sarasin employee received asuspended fine of CHF1,350, while Lei's was CHF40,800 because the judge ruledthat his actions were driven by the desire to further his political careerrather than to reveal malfeasance, NeueZürcher Zeitung said.