He is now demanding compensation of at least $15 million (CHF12.9 million) from UBS – which took over CS.
The new twist in the Credit Suisse corporate espionage scandal was published in Neue Zürcher Zeitung (NZZ) today. When contacted by the AWP news agency, UBS declined to comment on the issue.
According to the NZZ, the businessman in question accuses CS of organizing an extensive espionage programme against him between 2016 and 2019. This surveillance was allegedly orchestrated personally by then-CEO Thiam, who at that time had a secret romantic relationship with his wife.
According to the man, who lives in Hong Kong, this very relationship allegedly led to divorce. One of the allegations made is that the ex-wife and Thiam spied on him because of the divorce proceedings, including for financial reasons. According to the NZZ, the woman is now Thiam’s romantic partner.
The affair is part of a larger picture on corporate espionage. As known in late 2019, it had emerged that Credit Suisse had top manager Iqbal Khan and other executives tailed. Thiam, who resigned in February 2020, always maintained that he knew nothing about such surveillance.
More
More
Credit Suisse braced for ‘spygate’ reputational fallout
This content was published on
How deeply will the Credit Suisse spying scandal affect the bank’s reputation among shareholders and private banking clients?
The lawsuit by the French businessman was filed on April 11, 2024 in a local court in the U.S. state of Washington. The court in question has jurisdiction over the district where tech giant Microsoft is located. According to the indictment among other things, spies hacked into the alleged victim’s Microsoft email account.
Adapted from Italian by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Multinational companies
Azeri fossil-fuel cash cow brings controversy to Switzerland
Is artificial intelligence an advantage or a disadvantage for workers?
What is your experience with AI at work? Have you already used it? Has it helped you work better? Or has it caused you more stress, more work or caused you to lose your job? Tell us about your experiences!
Swiss price watchdog slams excessive prices for generic medicines
This content was published on
The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
This content was published on
The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
This content was published on
None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
This content was published on
Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
This content was published on
It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
This content was published on
The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
Study reveals food culture differences between Switzerland and neighbours
This content was published on
Three-quarters of Swiss people consider eating to be a pleasurable, social activity, a new survey reveals. Healthy eating, however, plays a much less important role, it found.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.