Sixty-nine people with links to Zambia were among the 100,000 clients of banking giant HSBC’s Swiss subsidiary holding $48.3 million (K314 M) in their accounts. This is according to data from a former IT employee of HSBC’s Swiss subsidiary who hacked into client accounts and took almost 60,000 files before fleeing to France. The US-based International Consortium of Investigative Journalists (ICIJ) has summarized this data on an interactive global map on their website.
About 13 (19%) of the clients hold Zambian passports. The maximum amount associated with a single client connected to Zambia was $12.8 million (K83.2 M).
Zambia ranked 120 among the countries which had the largest dollar amounts within the leaked files. South Africa is the highest ranked African country with $2 billion in the accounts.
You can read the full report on http://www.icij.org/project/swiss-leaks/explore-swiss-leaks-data