HSBC whistleblower Falciani sentenced to 5 years in prison

November 27, 2015 21:06

HSBC whistleblower Herve Falciani, whose 'Swissleaks' have been key to India's black money probe, was sentenced today in absentia to five years in prison by a Swiss federal court.

Falciani, who refused to appear for trial in Switzerland, has been charged of industrial espionage. According to Swiss news agency ATS, Falciani has been sentenced in absentia to five years in prison. A former employee of global banking major HSBC, Falciani leaked details of bank account holders in Geneva branch of HSBC - a list which later reached the French government and subsequently was shared with India as it had accounts of those Indians who had stashed funds abroad.

Earlier this month, he said he was willing to "cooperate" with the Indian investigative agencies in their black money probe but would need "protection".

About the sentencing, Falciani told Indian television channel NDTV that nothing has changed and it should not affect his collaboration with Indian authorities. He also told the channel that he would make an appeal to European Human Rights Court.

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