HSBC’s Swiss, Dubai arms under govt lens

Quick Register
User Name:
Human Verification

Go Back   UNP > Chit-Chat > News

UNP Register


Old 23-Feb-2016
Post HSBC’s Swiss, Dubai arms under govt lens

Armed with “sufficient evidence”, Indian tax authorities have issued notices to global banking giant HSBC, warning of prosecution against its Swiss and Dubai arms for allegedly abetting tax evasion by four Indians and their families.
The UK-based HSBC, which also disclosed today ongoing probes by tax authorities from various countries in connection with alleged abetment of tax evasion and money laundering through its Geneva branch, said it was cooperating with the relevant authorities and cautioned of “significant” financial impact as a result of these investigations.

Post New Thread  Reply

« New Constitution doesn’t discriminate: Nepal PM | New govt will go if Prez rule quashed: SC »