French magistrates have opened a probe targeting global bank HSBC into alleged illegal solicitation of clients and money laundering based on data uncovered in a 2009 seizure that has led to prosecutions worldwide, reports The Australian.
Investigators will look into how French clients of HSBC could have opened accounts in Switzerland and will be based on a client list found by French authorities on the computer of a former HSBC employee.
In 2009, French investigators seized the computer belonging to technology consultant Herveé Falciani, a 40-year-old French-Italian citizen, at the demand of Swiss authorities.
The data seizure listed 127,000 accounts belonging to 79,000 people including 8231 French citizens.
The files, which were subsequently relayed by French investigators to their counterparts in the United States, Spain, Greece, Italy and several other European Union countries, led to a raft of prosecutions.
At the time, France opened an inquest targeting alleged tax evaders on the list, but the probe proved fruitless, pushing magistrates to attempt this latest investigation targeting illegal activity by HSBC itself.
Read more of this report from The Australian.
See also:
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