Wealthy families and entrepreneurs have been hiding their money in banks and foundations for decades. The money was hidden from the taxpayer, but there were other reasons. The CEO of a large Nordic company took his funds to Switzerland in the 1960s because “conditions in Finland were unstable”.
“Let’s put it you get a ton of accounts, you don’t tell anyone anything, you look at what’s there in 50 years. ”
This is how a pianist born in 1960 says he heard from his father when he received a secret gift in 1987. The pianist found out in court in 2017 that his father had received a large sum of money when he had sold a holiday property in Spain.