Swissleaks Case

Whistleblower Herve Falciani, whose leaked data is the origin of the massive HSBC scandal, says a unique opportunity has opened up for India's black money probe now that Switzerland has launched a criminal inquiry into allegedly money-laundering by Europe's largest bank.

British banking giant HSBC today said it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.

Whistleblower Herve Falciani, whose leaked data is the origin of the massive HSBC scandal, says a unique opportunity has opened up for India's black money probe now that Switzerland has launched a criminal inquiry into allegedly money-laundering by Europe's largest bank.

British banking giant HSBC today said it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.