Money Matters - Simplified

WikiLeaks to expose a major US bank

The website claimed that the leaks will uncover violations and unethical practices adopted by the bank.

The whistle blower site, WikiLeaks is planning to expose a major U.S. bank early next year. The name of the bank has not been disclosed, but the site claims it will be a big disclosure, Forbes Magazine reported on Monday.

Julian Assange, founder of WikiLeaks, said in an interview with the Forbes magazine that the site will be releasing ‘tens of thousands’ of documents from a major U.S. bank early next year.

Julian told Forbes, “We have one related to a bank coming up, that’s a megaleak.”

The website founder told the magazine that they have many more documents of several businesses and governments, including Russia. He also said that they have documents on pharmaceutical companies but declined to give their names.

Assange refused to name the bank but confirmed it is one of the leading banks of U.S. and is still in existence.

Unethical practices to be exposed
The website claimed that the leaks will uncover violations and unethical practices adopted by the bank.

“You can call it the ecosystem of corruption.... the oversight that’s not done; the priorities of executives; how they think they are fulfilling their own self-interest,” Assange said.

When asked about the consequences of the leak, he said that they expected investigations into the functioning of the banks, especially at the executive level, and reforms could follow.

The website compares this exposure with the release of emails of the infamous energy company, Enron, which resulted in the collapse of the company.

Site continuously exposing violations
Forbes described Julian Assange as a champion of openness, a moral ideologue and a control freak.

Assange told the magazine that these disclosures will increase with time. He even thought a lot on the name for these big exposes. Finally, he has selected ‘megaleaks’.

The site has been continuously exposing unethical practices, violations, since its inception in 2006.

The first time it hit the headlines was when it released 92000 documents related to the Afghan war. Next was the publishing of the U.S. Army's 400000 documents, which were classified. These related to the Iraq war.

The latest in this series was the release of 250000 documents of the U.S. State department. These include communications between Washington and its 270 offices spread globally.

The website founder told the magazine that they have many more documents of several businesses and governments, including Russia. He also said that they have documents on pharmaceutical companies but declined to give their names.