HSBC under tax-evasion investigation

(WCJB.co.uk) HSBC may be served legal summons for allegedly helping wealthy Americans evade tax. The matter has come to light following the indictment of a rich client on charges that an unnamed international bank assisted in the stashing of large funds in offshore tax havens India and British Virgin Islands. People in the know have confirmed that the bank in question is HSBC, a London based establishment with worldwide private banking services. The man indicted is Vaibhav Dahake of Somerset, New Jersey, a wealthy Indian-American. 

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