Arvind Kejriwal targets Swiss Bank Account Holders

Discussion in 'Politics & Society' started by Daredevil, Nov 9, 2012.

  1. Daredevil

    Daredevil On Vacation! Administrator

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    Is Government encouraging hawala?

    The present CBI Director once said that more than $ 500 billion of Indian black money was stashed abroad. A major chunk of this money is believed to be lying in Swiss banks in Switzerland. Would this money ever come back to India? Developments of the last few years have given a ray of hope that if Indian Government acted tough like its US counterpart did a few years back, India also might get access to the list of those having their undeclared accounts abroad. However, Indian government seems to be more interested in helping the guilty rather than punishing them.

    In July 2011, Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006. We could not access all the names but the following names do appear in that list:


    Mukesh Dhirubhai Ambai – Rs 100 crores

    Anil Dhirubhai Ambani – Rs 100 crores

    Motech Software Private Ltd (Reliance Group company) – Rs 2,100 crores

    Reliance Industries Ltd – Rs 500 crores

    Sandeep Tandon – Rs 125 crores

    Anu Tandon – Rs 125 crores

    Kokila Dhirubhai Ambani – She has an account but there was no balance on that date

    Naresh Kumar Goyal – Rs 80 crores

    Burmans (3 family members) – Rs 25 crores

    Yashovardhan Birla – no balance

    Is Government encouraging hawala?
     
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  3. Daredevil

    Daredevil On Vacation! Administrator

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    Press Note

    Is Government encouraging hawala?

    The present CBI Director once said that more than $ 500 billion of Indian black money was stashed abroad. A major chunk of this money is believed to be lying in Swiss banks in Switzerland. Would this money every come back to India? Developments of the last few years have given a ray of hope that if Indian Government acted tough like its US counterpart did a few years back, India also might get access to the list of those having their undeclared accounts abroad. However, Indian government seems to be more interested in helping the guilty rather than punishing them.

    In July 2011, Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006. We could not access all the names but the following names do appear in that list:

    Mukesh Dhirubhai Ambai – Rs 100 crores
    Anil Dhirubhai Ambani – Rs 100 crores
    Motech Software Private Ltd (Reliance Group company) – Rs 2,100 crores
    Reliance Industries Ltd – Rs 500 crores
    Sandeep Tandon – Rs 125 crores
    Anu Tandon – Rs 125 crores
    Kokila Dhirubhai Ambani – She has an account but there was no balance on that date
    Naresh Kumar Goyal – Rs 80 crores
    Burmans (3 family members) – Rs 25 crores
    Yashovardhan Birla – no balance

    On receiving this list in July 2011, immediately, Income Tax department started conducting raids. Three raids were conducted on 28th July 2011 in Delhi. Statements (attached herewith) of those raided were recorded under oath, in which they admitted to the genuineness of the information. The three gentlemen admitted that they had Swiss bank accounts, which had not been declared for taxation. Their statements and summaries of their statements are attached.

    Therefore, if the information about these three is correct, one could reasonably assume that the information about others would also be correct.

    We understand that Ambani brothers have admitted to these accounts and have paid taxes on the amounts that exist in their personal names.

    But the bigger question is – why were people with small amounts raided by income tax department and those with much bigger amounts not raided?

    Mr Mukesh Ambani is understood to have met the then FM, Mr Pranab Mukherjee and requested him not to raid Reliance Industries and that he was willing to pay up taxes to “buy peace”.

    It is also understood that Sh Pranab Mukherjee was planning to bring a Voluntary Disclosure of Income Scheme (VDIS) to help these 700 people. Later, he dropped the idea. Rather than do it formally through a VDIS, Mr Mukherjee granted immunity from prosecution under Income tax Act, according to some media reports. All these people were let off after paying income tax only.

    Hawala racket:

    The statements by the three gentlemen reveal that HSBC is openly and brazenly running a hawala racket in India. From their statements, it appears that perhaps it is easier to open a Swiss bank account than it is to open an account in SBI. You just need to contact HSBC in India. They would send someone at your home, who would get forms filled up, take money in cash from you and your account would get opened in Geneva or Dubai. You don’t need to go out of India to open an account. Likewise, you don’t need to visit abroad to operate your account. You are given the name and mobile no of someone in Geneva. If you have to deposit cash or withdraw money, you just call up that person. Immediately someone in India from HSBC would visit your house. If you have to deposit cash, you hand over the cash to that person. Corresponding amount in dollars would get credited to your account in Switzerland. If you have to withdraw money, that person would deliver that much cash to you.

    This is called “hawala”. This is a serious crime under FEMA and Prevention of Money Laundering Act. The three gentlemen admitted that they indulged in hawala activities. It also clearly shows that HSBC bank is openly indulging in hawala activities.

    Involvement of the three gentlemen in hawala could be established only when they were raided and their statements recorded.
    Why were Ambanis, Naresh Goyal, Burmans and Birlas not raided? Why were their statements not recorded? It appears that small people in that list were raided and bigger and powerful people were let off.

    How did the money lying in their Swiss accounts reach there? How did the money travel to and from these accounts regularly? Through hawala, as it is turning out in all other cases?

    Are Ambani brothers, Naresh Goyal, Burmans and Birlas guilty of indulging in hawala activities?

    What transactions took place from these bank accounts? Were any bribes paid to politicians or bureaucrats?
    In October 2011, a report was sent by Director of Investigations, Delhi to Director General of Investigations, Delhi. The report clearly stated that HSBC officials were indulging in hawala and also encouraging tax evasion in India. The report also said that HSBC, Dubai and Geneva do not have a license from RBI to conduct banking operations in India and their operations in India were completely illegal. It is more than a year, yet no action has been taken against HSBC.

    Some Swiss banks were caught indulging in similar illegal activities in US. US government initiated strong action against their top executives and forced them to reveal the complete list of US accountholders in their Swiss branches.

    Will Indian Government ever do that?

    We demand that:

    1. Top officials of HSBC should be immediately arrested under Prevention of Money Laundering Act. Is this not a fit case for charging them against sedition and raging war against India?

    2. Operations of HSBC should immediately be suspended in India.

    3. Like it was done by US, HSBC should be asked to provide complete list and bank statements of all Indians who have had their accounts in its Geneva branch in last ten years.

    4. All those whose names figure in the list of 700 people, including Ambani brothers, Naresh Goyal, Burmans and Birlas should be raided and their statements recorded.
    5. They should be asked to produce complete bank statement. They should be asked to explain each entry – both debit and credit. Where did the money come from, how did it come and to whom was money paid and for what. Accordingly, action should be initiated against all of them under various laws.

    6. They should be arrested if they are found prima facie guilty to have sent their money abroad through hawala and if they are prima facie guilty under PMLA or PCA.
    5

    Summary of the three attached statements


    Shri Parminder Singh Kalra

    S/o Shri Avtar Singh Kalra, A-29, Friends Colony, New Delhi.

    In his statement, Shri Kalra stated that he opened an account in HSBC, Zurich on 29.1.2001. He mentioned that he was introduced to the bank by Mr Charles Habnumch, investment consultant based in Zurich. He stated that the deposits in the bank account of around Rs.8-9 crores were not disclosed to the Income tax authorities in India. Shri Kalra mentioned that after opening the account, he gave cash to some person in India as instructed by Mr Charles for being deposited in his account in HSBC, Zurich. He stated that he gave the money in several installments in Delhi to certain persons as instructed by Mr Charles. Shri Kalra stated that different persons came from time to time to collect cash from him. Shri Kalra stated that sometimes in 2008 or 2009, he instructed Mr Charles to close the account. Money of about Rs.8 to 9 crores was delivered to Shri Kalra at Delhi in cash by several persons from time to time as per instructions of Mr Charles. He mentioned that the telephone number of Mr Charles in Zurich is +41-794203575.

    Statement of Shri Kalra very clearly establishes that the bank officials are providing illegal channels for transfer of cash from their client account holder in Delhi to Zurich and subsequently are also instrumental in delivering cash withdrawn by the account holder from Zurich to Delhi.

    Shri Praveen Sawhney

    S/o Shri Bhushan Lal Sawhney, 6, Link Road, Jungpura Extn, New Delhi.

    In the statement, Sh. Praveen Sawhney stated that he opened an account in HSBC, Geneva in 2004 and that his father Shri Bhushan Lal Sawhney transferred an amount of US $ 1.8 million to his account. Shri Praveen Sawhney accepted that he withdrew amounts from this account from time to time and as of now $ 4000 to 5000 might to remaining as balance. Regarding the modus operandi of withdrawal of money, Shri Sawhney stated that he used to call the bank officials at Geneva for making withdrawal. HSBC, Geneva used to arrange for delivery of cash in India through their agents in hawala channel. All discussions with the bank officials used to take place telephonically. He stated that he used to contact the following persons in HSBC, Geneva -
    S.No.
    Name
    Telephone No.
    6
    1.
    Mr Mark Wizbek
    +44- 2078605089
    2.
    Ms Caroline
    +41- 792517653 &
    +41- 227054317
    3.
    Salin Fighli
    +41- 227054278

    Shri Sawhney stated that after discussion with these officials, arrangement for delivery of cash at Delhi used to be made by bank officials through the use of hawala. Shri Sawhney mentioned that every time a different person came to him to deliver cash at Delhi. He repeatedly mentioned in reply to several questions that every time he needed to make withdrawal, he contacted the bank officials who arranged for delivery of cash at Delhi through hawala and every time delivery persons were different and he knew none of them.

    Shri Vikram Dhirani

    S/o Shri V.K. Dhirani, C-229, Indl. Area, Bulandsahar Road, Ghaziabad, U.P.

    In his statement, Shri Vikram Dhirani stated that he opened an account in HSBC, Dubai in the year 2005 and closed it in 2006. Regarding the procedure for opening of accounts, depositing and withdrawal of money, he explained that the representatives of the bank came to him in Delhi to open the account. The formalities were completed in Delhi and he did not travel to Dubai for opening or operating the account. Regarding deposit of money, he accepted that the person authorised by the bank officials would contact him and collect the cash from him for depositing in HSBC, Dubai. Shri Dhirani admitted that he does not remember the person who came to collect the money. After the money was deposited, Shri Dhirani got a confirmation from the bank; however, no document was given. Shri Dhirani stated that around Rs. 12 crores of unaccounted income was deposited in the account over a period of time and the same was not disclosed to the Income tax authorities. He mentioned that the account was closed in 2006. Regarding the withdrawal of money from bank he stated that the representatives of the bank delivered the cash to him in India and that he did not go to Dubai to collect the cash nor did he arrange to take the delivery of cash. The bank officials arranged for delivery of cash to him in India.
     
  4. Daredevil

    Daredevil On Vacation! Administrator

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    What US did in the Similar Situation with Swiss Bank Holders?

    [scribd]112662816&access_key=key-ypmggngc086sfqrk876&page=1[/scribd]
     
  5. Daredevil

    Daredevil On Vacation! Administrator

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    Question in Parliament

    215 . Shri GURUDAS DAS GUPTA

    Will the Minister of FINANCE be pleased to state:-

    (a) whether the Government as offered an amnesty to more than 100 wealthy citizens who have evaded taxes by hiding funds in the accounts of the Swiss unit of HSBC holdings; and

    (b) if so, the details thereof and the Government`s reaction thereto?

    ANSWER
    Minister of State in the Ministry of Finance (Shri S.S.PALANIMANICKAM)
    a) No Sir.
    b) Does not arise in view of reply to part (a) above.
    -------------------------------------
    Shri GURUDAS DAS GUPTA
    RADHA MOHAN SINGH
    R. DHRUVANARAYANA
    BHUDEO CHOUDHARY
    GOVIND PRASAD MISHRA
    P. LINGAM

    Will the Minister of FINANCE be pleased to state:-

    (a) whether unaccounted money of Indians has been reportedly stashed in various countries of the world;

    (b) if so, the details of assessment made along with the quantum and names of such countries;

    (c) whether Rs.565 crore are alleged to have been deposited by Indians in France; and

    (d) if so, the details thereof and the amount realized therefrom along with the steps taken by the Government to bring the entire amount back?

    ANSWER
    MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S. S. PALANIMANICKAM)

    (a) There is no verifiable information as to amount of money deposited in foreign accounts by Indian nationals, which is exclusive of their legitimate foreign deposits.

    (b) Does not arise in view of reply to Part (a) above.

    (c) No, Sir. However, investigations conducted on the basis of information received from the Government of France about deposits of Indians abroad have led to detection pf undisclosed income of Rs. 565 crore.

    (d) Taxes amounting to Rs. 181 crore have already been realized in these cases. There is no provision under the direct tax laws to bring back such money. However, the quantum of tax, together with interest and penalties, levied in such cases invariably exceeds the amount on which the tax was sought to be evaded, thus effectively resulting in its realization.
     
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  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    Watching it.

    HSBC licence should be cancel in india now by RBI. It''s the same bank involved in handling black money of IRAN.

    I think HSBC is 2 numbari bank. black money can be used to fund terrorist in india
     
  7. Daredevil

    Daredevil On Vacation! Administrator

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    Related Media News Reports on Swiss Account Holders


    [scribd]112663097&access_key=key-374po9c0440lwlx8mmo&page=1[/scribd]
     
  8. Yusuf

    Yusuf GUARDIAN Administrator

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    THIS IS IT! This is the real thing by IAC. I hope they back up very well and take this to the logical end. Of all the exposes THIS IS IT!!
     
  9. Singh

    Singh Phat Cat Administrator

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    Time to revoke all relations with Switzerland !
     
  10. Daredevil

    Daredevil On Vacation! Administrator

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    Highlights of his press conference:

    • When we had done the previous expose, BJP said we have a 'weekly market of exposes'
    • I want to tell them - there are so many scams that a weekly market will not do - a daily one is needed.
    • The day there was a reshuffle I got a message from a senior Congress leader - saying we should stay on the Robert Vadra case.
    • The expose today - the information we first got from a senior Congress leader. We further investigated the facts he had mentioned.
    • The paper we will present today suggests that black money in Swiss banks can return to India but will not since the govt is in cahoots with criminals.
    • The present CBI director estimates there are over 500 crores stashed abroad.
    • We got a CD - HSBC's Geneva branch has 700 accounts of Indian nationals. That list is available with the government with the amounts in the accounts in December 2006.
    • We do not have the full list but we have some names
    • Mukesh Ambani has Rs. 100 crores.
    • Anil Ambani has Rs. 100 crores
    • Sandeep Tandon - former IRS, ED official - who raided Reliance has Rs 125 crores
    • Reliance Industries Rs 200 crores
    • Sandeep Tandon's wife Anu, who is now Cong MP from Unnao - and a member of Rahul Gandhi's core group - has Rs 125 crores.
    • Motech Software Private Ltd (Reliance Group company) - Rs 2,100 crores
    • Kokila Dhirubhai Ambani has an account but in December 2006 it had no balance.
    • Naresh Goyal has Rs 80 crores.
    • From Dabur - 3 members have accounts - totalling Rs 25 crores.
    • Yashovardhan Birla has an account but in December 2006 it has no balance.
    • CBI had said there is Rs 25 lakh crores - these 700 names account for only Rs. 6000 Crores.
    • In 28 July 2011, the Income Tax (IT) Department raided three people in Delhi based on this list.
    • All the three confessed - and we have the statements given by them to IT department here with us.
    • Opening an account in a Swiss bank is easier than opening an account in SBI Bank. For a Swiss bank account you need to just make a call. for an SBI account you need to visit the branch. This is real easy - why would you have an SBI account - just go to a Swiss Bank.
    • On what basis did the them Finance Minister Pranab Mukherjee decide who were raided and who weren't?
    • Why weren't Dabur or Birla or the Ambanis raided? Pranab Mukherjee may be President but he must answer.
    • Finance Ministry sources say that Mukesh Ambani met Finance Minister and said " they were prepared to pay tax to buy peace."
    • Even Mukesh Ambani must explain who the Rs 100 crores reached Swiss bank, the account was operated - do they indulge in hawala transactions? And if they do then they should have been arrested.
    • All the people - they should furnish all details of their accounts - all the debit entries must be checked.
    • We would then know who all were bribed by money paid out from these accounts.
    • We demand a raid immediately be carried out on Mukesh Ambani, Anil Ambani, Naresh Goyal, Yash Birla and the three Dabur brothers - and if hawala is proved, they should be arrested.
    • Voluntary Disclosure Scheme (VDS) was designed to save these 700 people.
    • How does the government know this isn't black money? Did they dream it up?
    • I am revulsed at how the Government of India is saving such criminals.
    • In Parliament the government denied that it is offering amnesty to wealthy citizens in reply to Gurudas Dasgupta's statement.
    • The government lied in Parliament that it had info of Rs 565 cr - we know there was info of Rs 6000 crores and they have recovered only Rs 181 crores.
    • HSBC is promoting kidnapping, corruption and terrorism in India by facilitating Hawala.
    • In Pakistan, if someone wants money to reach India, they can do it through HSBC.
    • In July, the US government realised that HSBC had some transactions which was making US vulnerable to drug , terror and illicit money. In that probe, they realised that HSBC operations in India were suspect.
    • The Union Government gave a clean chit to HSBC employees in one month.
    • The Manmohan Singh government has become a threat to the economic sovereignty of India.
    • The UBS bank shared a list of account holders with the US government - if the government wants HSBC and UBS operations in India can be shut down and their bosses arrested.
    • HSBC's top officers should be arrested and cases should be made out for waging war against India.
    • HSBC's operations in India should be suspended - they should be forced to make a disclosure of accounts held by Indians - and the government should make it public.

    Prashant Bhushan then took over the press conference: Highlights of what he said.

    • To those people who have been accusing us of hit-and-run tactics, the sheer scale of corruption is such that even one expose a week not enough.
    • We are exposing cases that point to a systemic problem in the country.
    • This is only the tip of the iceberg - the accounts in HSBC are a small proportion of accounts held by Indians abroad.
    • Then entire ruling establishment is working at the behest of powerful people like the Ambanis.

    Arvind Kejriwal speaks again

    • How do your investigative agencies function? When HSBC apologises, is that the end of the investigation?
    • Send the rest of them to HSBC, they will get an apology too.
    • Is this a criminal investigation, can the government say that because the bank apologized, there should be no investigation.
    • Banks are notorious for masking the identity of owners.
    • Mukesh Ambani says Congress is in his pocket. I think any government that comes into power is in his pocket.
     
  11. Singh

    Singh Phat Cat Administrator

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    @Daredevil
    Tandon connection is interesting !
     
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  12. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    100 crores is peanuts.

    Ambani might have even forgot about this account :p
     
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  13. Singh

    Singh Phat Cat Administrator

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    Related News from the UK. Time to boycott HSBC

    HSBC investigation: Drug dealers, gun runners and Britain’s biggest bank


    Britain’s biggest bank is at the centre of a major HM Revenue and Customs investigation after it opened offshore accounts in Jersey for serious criminals living in this country, The Telegraph can disclose.


    The tax authorities have obtained details of every British client of HSBC in Jersey after a whistleblower secretly provided a detailed list of names, addresses and account balances earlier this week.

    The Telegraph understands that among those identified on the list are Daniel Bayes, a drug dealer who is now in Venezuela; Michael Lee, who was convicted of possessing more than 300 weapons at his house in Devon; three bankers facing major fraud allegations and a man once dubbed London’s “number two computer crook”. A series of other accounts containing six-figure deposits are also registered to modest addresses in relatively poor parts of the country.

    The disclosures raise serious questions about HSBC’s procedures in Jersey, with the bank already preparing to pay fines of around $1.5 billion in America for breaking money laundering rules.

    The bank is legally obliged to report to the authorities any suspicions about the source of money deposited in its accounts.
    HM Revenue and Customs is now understood to be trawling through a list of the names and addresses of more than 4,000 people based in Britain who had bank accounts at HSBC in Jersey.

    This work is expected to lead to the identification of hundreds of people who are evading tax as the accounts have not been previously disclosed.
    Last night, a spokesman for HMRC said: “We can confirm we have received the data and we are studying it. We receive information from a very wide range of sources which we use to ensure the tax rules are being respected.

    “Clamping down on those who try to cheat the system through evading taxes and over claiming benefits is a top priority for us and we value the information we receive from the public and business community.”

    The Telegraph has established from public records that HSBC has opened bank accounts in Jersey for several people who are wanted by the police or have serious criminal convictions.

    The information obtained by HMRC is thought to be the biggest data leak identifying holders of offshore accounts ever obtained by the British tax authorities.

    The list identifies 4,388 people holding £699 million in offshore current accounts and they are also likely to have billions of pounds more in investment schemes. Several celebrities and other well-known figures are understood to be identified in the client data.

    Tax authorities around the world are involved in an increasingly aggressive race to obtain details of their citizens with offshore bank accounts, many of which are suspected to be linked to tax evasion or other criminal activity. An insider at HSBC in Switzerland has already sold details of the bank’s clients in Geneva to tax authorities in 2008. This led to the creation of the so-called “Lagarde list”, named after the then French finance minister, with about 2,000 Britons identified. Last week, a Greek journalist was threatened with prosecution after disclosing details of Greek account holders on the Lagarde list.

    The leak of the Jersey data, which is understood not to have involved HMRC paying for the list, is expected to have global ramifications as more than 4,000 residents of other countries are identified, although British residents account for more than half of all the clients.

    The HSBC Jersey client list is understood to be heavily dominated by senior figures in the City. Dozens of bankers are understood to have deposited six-figure sums offshore with some institutions said to have “clusters” of employees taking advantage of the accounts.

    Doctors, mining and oil executives and oil workers are also heavily represented in the list. More unexpectedly, a greengrocer in the East End is understood to have more than £80,000 in his HSBC current account in Jersey.

    Although some of the individuals may have declared the offshore holdings, HMRC is currently understood to be comparing the new documents with tax records to identify anomalies.

    One investment manager has more than £6 million in his account, while the average amount held is £337,000. Under Britain’s non-domicile rules, those with foreign roots only have to pay tax on money entering Britain – provided it is earned abroad. However, more seriously for HSBC, dozens of people with no obvious legal source of substantial income are holding large sums in Jersey.

    Daniel Bayes was branded “monstrous” for refusing to return from Venezuela after £500,000 of cannabis was found growing at his farm in 2006.
    His father was jailed for three years in his absence. Mr Bayes is understood to have deposited £250,000 in an offshore account, although police said they would still like to question him.

    A couple who live in a small house in Teignmouth, Devon, deposited £85,000 in an offshore account. More than 300 firearms, including Israeli Uzi submachine guns and pump-action shotguns, were found in their house after a police raid in 2001. Michael Lee was jailed for two years in 2002.
    Around the world, HSBC has faced repeated accusations that it was not maintaining sufficient controls over the source of money deposited in its accounts. Money laundering rules demand that banks monitor the source of money and report any suspicions to the relevant authorities. Most banks take an active approach to this duty.

    In July, a US Senate investigation found that money-laundering controls were largely absent in HSBC’s operations in Mexico. The bank has also faced serious criticism for hiding Iranian transactions.

    One analyst called HSBC’s practices “a wink/nod business model” that showed “a profound lack of controls”.

    Stuart Gulliver, the chief executive of HSBC, previously admitted: “We failed to spot and deal with unacceptable behaviour.” He insisted the bank would begin to operate at “a single standard globally that is determined by the highest standard we must apply anywhere”.

    A spokesman for the bank said last night: “HSBC has a duty of confidentiality and cannot comment on clients even to confirm or deny they are clients. We have good relationships with our regulators and co-operate with investigations when required to do so.”

    Whistle-blowers helping authorities chase tax evaders

    TAX authorities around the world are involved in an increasingly aggressive and often clandestine race to gain information on the identities of those with offshore bank accounts.

    HM Revenue and Customs (HMRC) has paid hundreds of thousands of pounds to whistle-blowers in return for information about offshore account holders. German authorities reportedly paid €2.5 million (£1.9 million) to an unnamed individual for a CD containing details of HSBC clients in Switzerland in 2010.

    The data contained information that led prosecutors to believe that more than £1 billion of undeclared income had been deposited by 1,100 wealthy Germans.

    Last week, a Greek magazine published a list of HSBC’s Swiss bank account holders. It is known as the “Lagarde List”, because the then French finance minister Christine Lagarde — now the International Monetary Fund director — handed it to Greek authorities in 2010.
    HMRC also received details of British residents from this list and has investigated 500 of those identified.

    HMRC is understood not to have paid for information about HSBC’s Jersey clients but the data it has received is thought to be the single biggest disclosure of a bank’s offshore customers.

    The Daily Telegraph understands that the whistleblower who has obtained the information also has further lists of offshore HSBC clients with addresses outside Britain, including 602 in Israel, 527 in France, 333 in Spain and 117 in the US. In total, the leaked HSBC Jersey client list is thought to contain the names and addresses of 8,474 people. More than half are based in this country.

    The use of tax havens by British residents and citizens to minimise tax is legal but subject to a range of complex rules and regulations. British taxpayers have a duty to report to HMRC details of money held offshore that is liable to tax.

    HSBC investigation: Drug dealers, gun runners and Britain’s biggest bank - Telegraph
     
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  14. Daredevil

    Daredevil On Vacation! Administrator

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    There should be a serious investigation into all 700 swiss-bank account holders about the source of the money and HSBC for their money laundering practices. But going by what we are hearing it seems UPA govt. is not interested in it at all and in fact protecting them.
     
  15. Daredevil

    Daredevil On Vacation! Administrator

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    barkha dutt tweets

    The question is how in hell can a bank by mistake include Mukes Ambani's name in Swiss Bank account holder's list :bs:

    And see the alacrity with which Barkha Dutt tweeted this to cover the ass of Mukesh Ambani. What a sub human person.
     
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  16. Daredevil

    Daredevil On Vacation! Administrator

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    BJP backs Kejriwal, says government should probe matter and clarify on black money

    The BJP, jumping to action, has demanded a probe into the matter and demanded a probe into the allegations in the case.

    There is a link to black money and we would like to say that in the last four years we have raised this official continuously,” Rudy said.

    The country’s PM had also said that in 100 days they will bring back black money and then the government said that there was no evidence of it in international bank accounts, the BJP leader said.

    “One doesn’t know whose names are there and whose names are not,” he said.

    “It is a matter of concern and should be probed. How an international reputed bank takes money and deposits it in international accounts is a matter of concern…The government should clarify on this issue,” he said.

    He said the Prime Minister should clarify on the issue.
     
    Raj30 likes this.
  17. sayareakd

    sayareakd Moderator Moderator

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    I think AK has taken punga with so many people, i really wonder, if something happen to him, who will be held responsible ??
     
  18. sayareakd

    sayareakd Moderator Moderator

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    We all heard of BD tapes in 2G. So you can imagine what ever you want with her tweets.
     
  19. Daredevil

    Daredevil On Vacation! Administrator

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    Arvind Kejriwal Tweets

     
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  20. Daredevil

    Daredevil On Vacation! Administrator

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    Must be leading to Gandhi Family...Otherwise how can an IRS officer and his wife has 250 Crores rupees?.
     
    Last edited: May 10, 2015
  21. drkrn

    drkrn Senior Member Senior Member

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    where from the hell does this guy get such information's??
    if they are true then he is "INDIAN JULIAN ASSANGE":thumb:

    but the bad part is he is revealing things too early such that the fight against previous exposure is getting disturbed too early and pressure on govt is decreasing
     

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