Bad news for HSBC Geneva's Indian A/c holders
February 22, 2013 11:17
Indians whose names appear in the now-famous list of account holders with the Swiss private banking arm of the British bank -- HSBC -- have been asked by Indian income-tax officials to sign on a two-page letter spelling out their account details and, more significantly, surrendering their rights under the Swiss secrecy law. The individuals have been asked to submit a copy to the Income-Tax department.
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