Switzerland forced to share information on HSBC Indian clients

Switzerland forced to share information on HSBC Indian clients

Switzerland’s Supreme Court has ordered the country’s authorities to turn over information on HSBC accounts with the Indian government regarding two of its citizens.

Both clients had fought the release on the grounds that India’s request for assistance in a tax-dodging probe arose from stolen bank data.

The case involved information leaked by whistleblower Herve Falciani, a French citizen who worked for HSBC’s Swiss private bank and in 2008 disclosed details on thousands of clients he suspected were using accounts to evade tax.

India expects to receive the data from Swiss authorities in about 10 days, the country’s Finance minister, Piyush Goyal, told local media outlet Times of India.

“The Supreme Court of Switzerland has ordered the Swiss government to share with us that data in about a

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