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Monday, February 9, 2015

Black Money - a new 'HSBC list' of Swiss bank accounts revealing over 1,000 Indian names

 With a new 'HSBC list' of Swiss bank accounts revealing over 1,000 Indian names, Switzerland today said these are from "stolen data" — an assertion that might make it difficult for India to get details on these accounts without any additional evidence.

The list has 1,668 Indians, while the number of actionable cases stands at 1,195 after taking into account duplication and some other factors. Collectively, these accounts had a balance of $4.1 billion (Rs 25,420 crore) till 2007 A 37-year-old computer security specialist named Hervé Falciani stole the huge cache of data in 2007 and gave it to the French government. It's now being used to go after tax cheats all over the world.  60 Minutes, working with a group called the International Consortium of Investigative Journalists, obtained the leaked files.  They show the bank did business with a collection of international outlaws: tax dodgers, arms dealers and drug smugglers -- offering a rare glimpse into the highly secretive world of Swiss banking. This is the stolen data that is shaking the Swiss banking world to its core.  It contains names, nationalities, account information, deposit amounts - but most remarkable are these detailed notes revealing the private dealings between HSBC and its clients. 
This is the stolen data that is shaking the Swiss banking world to its core. It contains names, nationalities,

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