France widens HSBC tax evasion probe to include global holding company

April 9, 2015 By La rédaction de Mediapart

HSBC Holdings PLC is placed under formal investigation and set 1 billion-euro bail after a probe into alleged tax evasion by its Swiss arm.

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French prosecutors have expanded their investigations into the activities of HSBC’s Swiss subsidiary to include its global holding company, the bank has disclosed, reports The Guardian.

France widens HSBC tax evasion probe to include global holding company

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