Wikileaks to reveal scandal at major US bank

The founder of Wikileaks, Julian Assange, is claiming he has information for a megaleak set to rock a major US bank early next year.

Wikileaks has been behind recent revelations about the wars in Iraq and Afghanistan and has released thousands of documents from US embassies across the globe.

And in an interview with Forbes magazine he says the next documents to be released will involve a major US bank but refused to give names.

He says the information is explosive enough to bring down a bank or two and compared it to the collapse of Enron in 2001.

He says: “We have one related to a bank coming up, that’s a megaleak.It’s not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it.”

He adds: “It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume.

“Usually when you get leaks at this level, it’s about one particular case or one particular violation. For this, there’s only one similar example. It’s like the Enron emails. Why were these so valuable? When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

“This will be like that. Yes, there will be some flagrant violations, unethical practices that will be revealed, but it will also be all the supporting decision-making structures and the internal executive ethos that cames out, and that’s tremendously valuable.

“Like the Iraq War Logs, yes there were mass casualty incidents that were very newsworthy, but the great value is seeing the full spectrum of the war.

“You could call it the ecosystem of corruption. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. The way they talk about it.”