After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into a breach of information on thousands of accounts held 

After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into leakage of information on thousands of accounts held 

The data on the accounts, which span the time period between 1940s to the 2010s, was leaked to the Sueddeutsche Zeitung in Germany by an individual, which shared it with the Organized Crime and Corruption Reporting Project and 46 other news outlets, including the New York Times, the Guardian of the United Kingdom, and France’s Le Monde.

According to the media reports, the bank’s clients included human rights violators and businessmen who were sanctioned.

“Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices,” Credit Suisse said in a statement issued in response to the consortium’s reports.

“The matters presented are predominantly historical … and the accounts of these matters are based on partial, inaccurate, or selective information taken out of context, resulting in tendentious interpretations of the bank’s business conduct.”

In the last three weeks, the bank claimed it had gotten “many inquiries” from the group and had evaluated many of the accounts in concern.

“Approximately 90 per cent of the reviewed accounts are today closed or were in the process of closure prior to receipt of the press inquiries, of which over 60 per cent were closed before 2015,” it said.

“Of the remaining active accounts, we are comfortable that appropriate due diligence, reviews, and other control-related steps were taken in line with our current framework. We will continue to analyze the matters and take additional steps if necessary.”

(Adapted from BBC.com)