swiss prosecutors close hsbc case bank fined more than 40m
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Swiss prosecutors close HSBC case, bank fined more than $40m

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Arab Today, arab today Swiss prosecutors close HSBC case, bank fined more than $40m

HSBC Private Bank
Geneva - Arab Today

Swiss prosecutors on Thursday closed an investigation into allegations British banking giant HSBC's Geneva branch helped clients evade millions of dollars in taxes, after the bank agreed to a massive fine.

"We ended the procedure following a deal with the bank, which will pay 40 million Swiss francs ($43 million, 38 million euros)," Olivier Jornot, attorney general in the Swiss canton of Geneva, told reporters.

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swiss prosecutors close hsbc case bank fined more than 40m swiss prosecutors close hsbc case bank fined more than 40m

 



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swiss prosecutors close hsbc case bank fined more than 40m swiss prosecutors close hsbc case bank fined more than 40m

 



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