A whistle-blower responsible for uncovering one of the biggest cases of tax avoidance in Germany is now prosecuted by Swiss authorities for industrial espionage, the daily financial newspaper Handelsblatt reported on Monday.

Echart Seith is a lawyer that contributed to uncovering a Swiss bank mechanism that deprived German taxpayer of €12bn. Seith testified on how Swiss banks advised customers to buy shares in a company on borrowed money just before it pays out a dividend, selling it shortly ...

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