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Eritreans Who Stashed Millions In Swiss Bank Identified

Identity of two clients from Eritrea who opened a secret Swiss account in 1981 and 1987 amounting to $315 million has been revealed. The names and date prove the Eritrean Government is innocent, as the alleged Eritrean individuals were stashing hundreds of millions of dollars before Eritrea's independence and the subsequent formation of the Government.


By Tesfanews

Stolen computer files with more than 100,000 names, nationalities, account information and detailed notes between the Swiss arm of Europe’s biggest bank HSBC and its  clients have been revealed, and along with them, a lot of dirty laundry.

The disclosure, now dubbed “Swiss Leaks”, is the biggest such exposure in Swiss banking history. It started when a computer security specialist named Hervé Falciani stole a huge cache of data in 2007 and gave it to the French government.

The International Consortium of Investigative Journalists (ICIJ) obtained the leaked files and have created a database which has given the world a rare glimpse into the secretive world of Swiss banking.
The data are now being used to go after tax cheats all over the world, even as information shows many governments have done little with it, despite having been in possession of the files since 2010.

The leaks have revealed that some of the bank’s business dealings included with a collection of international outlaws – from tax dodgers and arms dealers to drug smugglers and money launderers. They also reveal how the bank tried to accommodate the secrecy needs of clients-including offering various ways of concealing the ownership of the account—thereby actively helping them to evade and cheat.

Not all the people on the database have been exposed, but the information so far reveals a particularly interesting trend. In 11 of the 12 African countries that ranked highest (in terms of client money) on the list, less than 35% of the clients actually held a passport or the nationality of the corresponding country. But that was just the start.

According to country classifications, the maximum amount of money associated with a client connected to Eritrea is amounted to $695.2 million. This was from a total of 32 client accounts that were opened between 1981 and 2006 and linked to 39 bank accounts. For the record, Eritrea got its independence in 1993.

The interesting part of the story is that, out of the 32 clients that are associated with Eritrea, only 28% or  9 clients have “Eritrean” passport or nationality. The question that begs to be asked is who are these remaining 23 clients and from which nationality? Why do they claim of being “Eritrean” to open their secret accounts way before the country Eritrea came into being? It seems that Swiss banks  minds only on the money but not the passport.

Unfortunately, since the leaks have not yet provided the full list of people, it is difficult to ascertain who the clients were and their motivations. However, today HSBC’s two clients from Asmara have been identified.
In 1981, while Eritrea was still at war for its independence against Ethiopia, an “Eritrean” by the name of Hassan Abdalla Bashir, then aged 24, opened an account with HSBC in Geneva as a “banker“.
Six years later, another “Eritrean” by the name of Ghebreselassi Kidane Habte, 37, opened an account as a “car driver“. Both were registered as residents of Asmara.

As of 2007, Ghebreselassi Kidane Habte deposited more than USD $106 million in the bank while Hassan Abdalla Bashir, the “Banker” deposited more than USD $209 million. Their collective secret deposit at the HSBC exceeds USD $315 million.

The discrepancy with the story of the $695.2 million Eritrea related asset with the HSBC is, either for political expediency or out of sheer stupidity, the figures simply do not add up.

Earlier, it was reported there exists one account that made the single largest deposit of USD $450 million under an “Eritrean” name along with another account with $90 million deposited as well as over 20 accounts with deposits of under $1 million dollars. If the two accounts that belong to the driver and the banker only constitute more than $315 million, how on earth another account with $450 million can be made to make up the $695.2 million, lest the the $90 million and the other 20 accounts with deposits of under $1 million dollars?

That is a question left to its authors besides to those despicable liars within the Eritrean group of “Opponents” who labors very hard to stretch the said story with government corruption. Their desperation, however, resonates strongly in their futile attempt to link up  mining revenue, that only came into being by late 2010, with the story.

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Tigrinya Summary

By Bini T.

ኣብ 2008 Hervé Falacian ዝተባህለ ናይ HSBC ዝተባህለ ባንክ ስዊዝ ሰራሕተኛ ነቲ ብስቱር ዝተሓዝ ናይታ ባንክ ናይ ዓማዊልን ሕሳብን ዝሓዘ ዶኩመንት ኣልሑኹ ንመንግስቲ ፈረንሳ ኣረኪቡ። መንግስቲ ፈረንሳ ነዚ መዝገብ ብምጥቃም ነቶም ካብ ግብሪ ምኽፋል ገንዘቦም ሓቢኦም ዝነበሩ ናይ ምጽራይ ስራሕ ጀሚሩ።

ኣብዚ ቕነ ICIJ (The International Consortium of Investigative Journalists) ነዚ ሓበሬታ ብስም Swiss Leaks ናብ ህዝቢ ዘርጊሕዎ ኣሎ። እዚ ሓበሬታ ብዛዕባ ናይ 106 ሽሕ ዓማዊል፡ ልዕሊ 100 ቢልዮን ዶላር ዝሓዘ ናይ ባንክ ሕሳብ ምስ 203 ሃገራት ምትሕሓዝ ዘለዎ እዩ። መብዛሕትኡ ናይ እዚ ሕሳባት ካብ 1988-2007 ዝነበረ ናይ ውልቂን ናይ ትካላትን ምዃኑ ተገሊጹ። ወነንቲ ናይዚ ሕሳብ፡ ነጋዶ፡ ወነንቲ ትካላት፡ ፖ`ሎቲከኛታት፡ ናይ ዕጸፋርስ ነጋዶ፡ ደም ናይ ዝፈሰሶ ናይ ኣልማዝ (Blood Diamonds) ነጋዶ ወዘተ ይርከብዎም።

ኣብዚ ዝርዝር ናይ ባንክ ሕሳብ ዘለዎም፡ ከም በዓል ናይ ግብጺ ፕረዚደንት ነበር ሑሰን ሙባረክ፡ ናይ ቱኒዝያ ፕረዚደንት ነበር በን ዓሊ፡ ናይ ሶርያ ፕረዚደንት በሽር ኣል-ኣሳድ ይርከብዎም። ብሓፈሻ ፖሎቲከኛታት ናይ ዓዲ እንግሊዝ፡ ሩስያ፡ ዩክረንያ፡ ሌክተንስታይን፡ መክሲኮ፡ ሊባኖስ፡ ቱኒዝያ፡ ዲሞክራሲያዊት ረፓብሊክ ኮንጎ፡ ዚምባብዌ፡ ርዋንዳ፡ ፓራጓይ፡ ጂቡቲ፡ ሰነጋልን ኣልጀርያን፣ ነበርን ዘለዉን ይርከብዎም።

ኣብዚ ዝርዝር ምስ ኤርትራ ምትሕሓዝ ዘለዎም 32 ዓማዊል ኣብ 39 ናይ ባንክ ሕሳባት ካብ 1981-2006 ዝተኸፍተ፡ 695.2 ሚልዮን ዶላር ከም ዘሎ ተፈሊጡ። ካብዞም 32 ዓማዊል እቶም 9 (28%) ጥራይ ናይ ኤርትራ ፓስፖርት ከም ዘለዎምን ከምኡውን 5 (15%) ሕሳባት ናይ ካብ ኤርትራ ወጻኢ ዝርከባ ትካላት ከምዝኾነ እቲ ዝልሗኸ ዶኩመንት ይሕበር።

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Eritreans Who Stashed Millions In Swiss Bank Identified Reviewed by Admin on 2:08 AM Rating: 5

17 comments:

  1. What a major blow to the so-called opposition that has been accusing the Eritrean Government of stashing hundreds of millions of dollars in Swiss bank accounts. The truth is these alleged Eritrean individuals were stashing hundreds of millions before the formation of the Eritrean Government and Eritrea's independence.


    Let this be a sobering reminder to never jump to conclusions.

    ReplyDelete
  2. Sources of the names came from here: http://www.lemonde.fr/afrique/article/2015/02/13/swissleaks-qui-sont-les-millionnaires-africains-d-hsbc_4576000_3212.html#s7ztOk9yv6i0bMfb.99

    ReplyDelete
  3. Madote, thanks a million ! $ 695.2 million deposited on Eritrean accounts can without doubt create a sort of suspicion on any individual and the worst thing in life is to suspect those whom you trusted and would have given 'your neck' on their behalf owed to their remarkable history of honesty and loyalty.

    Personally, I really felt desolate and angry, now thanks to your grandiloquent article, I feel much better.
    I owe you a cup of cappuccino.

    ReplyDelete
  4. Greatful Madote of your time on searching news to your readers bringing facts.
    Thank you

    ReplyDelete
  5. SOME OF IT IS FROM PIAS.ABOUT THREE YEARS BACK I MENTIONED ABOUT PIAS PERSONALLLY OWNED COMPANIES IN NAIROBI AND LONDON,THAT WERE OFFICIATED BY AN INVESTIGATIVE REPORTER IN THE 1980S OF THE ECONOMIST .THE MONEY WAS COLLECTED FROM THE SCANDNAVIAN COUNTRIES FOR THE WAR IN ERITREA FOR FREEDOM.PIA OPENED THESE COMPANIES THEN ANDTHE PROFITS WERE FOR THE WAR ,DEFINITLY A PERCENTAGE WAS BEING DEPOSITED UNDER HIS NAME.

    ReplyDelete
  6. CORRECT "UNDER HIS NAME"SHOULD READ UNDER THE NAMES MENTIONED ABOVE.

    ReplyDelete
  7. All you guys who´re salivating to see Eritrean heroes names (from the president-down) as thieves and stashers of stolen money then let me wake you up from your deep sleep. Read this very, very carefully: IF THE PRESIDENT OR HIS MINISTERS WERE THIEVES, ALL THIS ANIMOSITY AND SANCTIONS AND ALL, AGAINST OUR COUNTRY WOULD NOT BE NECCESSARY.

    ReplyDelete
  8. This is getting more of a joke, do you really belive there is an Eritrean business man who owns millions of dollar?. This can be owned someone from the governmnet i.e. some kind of high level government offical. If the government is clean why not to open an investagation to find out who those Eritreans are?. Wait a minute HGDEF doesn's have a clue about how to run an investigation, there is one man who decides eveything in the country. Lets relax and wait, in due time we will see the name of top officals coming up soon or later. For sure the dictator is inovlved in one or another way, there is no way that all these money can be put in bank account without his knowledge.

    ReplyDelete
  9. መን ከብድኽን ረገጸክን ክንድዚ ትዓፍራ በላ ዓባየይ፡፡ ዝግ ጥዑም ዝግ በሉ፡ ግዜ ብዙሕ ከርእየና እንድዩ! ዝግግግግ።

    ReplyDelete
  10. jart the jerk, remember that you had lost a bet, you gave your word that in case you would lose the bet you would decompose and vanish from reliable sites such as Madote.
    You're not only a traitor but worse the Weyane..Netih !

    ReplyDelete
  11. Porco, back at it? They say old habits die hard. My brother has mistaken you for an Erian; it must have given warmth to one of the the many twisted hearts you own; but don't flatter yourself, this is the last time someone will mistake you for a dignified self.

    I will give you credit for mentioning PIA AND THE BUSINESSES HE OVERSAW DURING THE THE STRUGGLE FOR TOTAL ANNIHILATION OF THE ENEMY'S OCCUPATION FORCE; BTW FENKIL WAS HIS BRAIN CHILD,,,,BUT SCAVENGING AND STASHING FOR PERSONAL GAIN OR WEALTH ACCUMULATION IS NOT IN OUR TRAITS, IF THAT WAS THE CASE THERE WERE MANY AND STILL ARE MANY MORE WILLING TO BUY UP THE STATE OF ERITREA.
    AS YOU MAY BE AWARE BY NOW, ERITREA, I REPEAT, ERITREA IS NOT FOR SALE!

    NB: all the money and accounts in Swiss are not illegal. Think. Instead of braying like ovulating donkey.

    ReplyDelete
  12. Madote wrote: "As of 2007, Ghebreselassi Kidane Habte deposited more than USD $106 million in the bank while Hassan Abdalla Bashir, the “Banker” deposited more than USD $209 million. Their collective secret deposit at the HSBC exceeds USD $315 million"


    So those two accounts were open until 2007, with those two owners as Eritrean passport holders. According to previous news all those money are originated from Eritrea (read the leaks), so how on earth if the passport holders are none Eritreans, the money could pass though Eritrea until 2007?. I am very convinced that the mafia regimes officials are involved in this scam. There is no way that all this 315 Millon dollar could pass through Eritrea without the dictators knowledge.

    ReplyDelete
  13. For those who ask the question "How do we know those two individuals are eritreans?" Because the leaked documents say so. DA....
    If there was no Eritrean passport in 1981 or 1987, the account holder can update his account information later on when he/she got Eritrean passport. So there you go, do not overwhelm your brain over trivial matters.

    ReplyDelete
  14. BUSINESSES THAT HE OVERSAW? BUSINESSES HE OWNED WITH THE MONEY THAT HE BEGGED FROM THE NORDS ON BEHALF OF THE ERITREAN PEOPLE AND ITS INDEPENDENCE STUPID? YOU ARE A MORON ,WILL NEVER LEARN ...U WILL, THE HARD WAY ..IN THE FUTURE WHEN THE TRUTH KNOCKS AT UR MOTHERS DOOR.

    ReplyDelete
  15. Haxeeru ente belku' tedebyru yeSeEsiE, a typical "midgetalimma" instead of standing and pushing your shoulders forward alternatively and on occasions hopping and skipping; you fancy dancing like we do, at that, kuda areza or tehambele! You've lost it my friend Porco; if you said one cannot be taught what makes you believe it can be done the hard way? The dedebit is in you and you in the dedebit. Eritrea to you is like someone else's wife, you can admire but will never have.

    ReplyDelete
  16. STUPID FORTO ,DID U SEE THE DOTS AFTER U NEVER LEARN, ADD "THE EASY WAY "AND CONTINUE READING.JUST LIKE I PUT IT ,U WILL LEARN THE HARD WAY "WHEN IT KNOCKS AT UR MOTHERS DOOR".THE LIKES OF U JUMP TO CONCLUSION GOING AS FAR AS CALLING SOMEONE DEDEB.I WOULD NOT CALL U DEDEB BECAUSE AT LEAST U HOPEFULLY READ AND WRITE .A DEDEB OUR WAY IS BADO.ONE THING IS CERTAIN U ARE ONE OF THOSE ERITREANS WHOM WHEN WE WERE KIDS USED TO CALL "ANBETTA BELITA" U NEVER LEARN.

    ReplyDelete
  17. Shame on you Tesfay Dafla! Your interview with ''weyane sponsor'' media was nothing but lies and shows your hatred towards the leadership of Eritrea. Seldi ketetefafe'e bezeymeka'lka de'a wetsika keytekewen? I'm sure you wouldn't mind if you had $1M in HSBC.

    ReplyDelete

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