HSBC to pay 300 mn euros to avoid French tax fraud trial: Prosecutors
HSBC to pay 300 mn euros to avoid French tax fraud trial: Prosecutors
Paris - Al Maghrib Today
HSBC Private Bank, a Swiss unit of banking giant HSBC, has agreed to pay 300 million euros ($352 million) to avoid going to trial in France for enabling tax fraud, prosecutors said Tuesday.
HSBC was accused last year of helping French clients to hide at least 1.67 billion euros from the tax authorities, according to a source close to the probe.
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Source: AFP
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