Spain investigating 3000 Swiss bank accounts

(Swissinfo): Spanish tax authorities are investigating 3,000 accounts at HSBC bank in Switzerland over possible unpaid taxes, the Spanish finance minister has confirmed. Swiss authorities say they were investigating the information published this week by Spanish newspapers El País and Expansion about up to €6 billion hidden in Swiss accounts. Spanish Finance Minister Elena Salgado said owners of the accounts had been notified to clarify whether they had declared the money in the accounts. "The account holders have been advised. They have to put the accounts in order with the Treasury and of course they will receive the corresponding sanctions and penalties," Salgado said.

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