HSBC Indian list just doubled to 1195 names

February 09, 2015 08:29

It is called Swiss Leaks -- a trove of secret documents from HSBC's Swiss private banking arm that reveals names of account holders and their balances for the year 2006-07. They come from over 200 countries, the total balance over $100 billion.

But nowhere has the HSBC Swiss list touched off a more raging political debate than in India.

To obtain and investigate the Indian names, The Indian Express partnered in a three-month-long global project with the Washington-based International Consortium of Investigative Journalists and the Paris-based Le Monde newspaper.

The investigation revealed 1,195 Indian HSBC clients, roughly double the 628 names that French authorities gave to the Government in 2011.

A scrutiny shows there are 276 account holders with at least $1 million in their balance of whom 85 are residing in the country.

Read the report HERE

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