New Delhi: India is ranked 16th among the countries with the largest dollar amounts in the leaked list of HSBC bank’s Swiss branch, according to International Consortium of Investigative Journalists. The total money in the Swiss branch of HSBC by Indians was $4.1 billion. The maximum amount of money associated with a client connected to India was $876.3 million. In terms of the number of account holders, India is at 18th place with 1,668 account holders.
In terms of money in these accounts, account holders from Switzer-land are on the top ($31.2 billion), followed by United Kingdom ($21.7 billion), Venezuela ($14.8 billion), the US ($13.4 billion) and France ($12.5 billion) in the top five.
The list revealed names of 1 lakh clients from 200 countries with $100 billion stashed in HSBC bank. International Consortium of Investigative Journalists project is based on a trove of almost 60,000 leaked files. The list is based on data secreted away by Hervé Falciani, a former HSBC employee-turned-whistleblower. He turned the data over to the French government in 2008 and its tax authority launched an investigation.
The French newspaper Le Monde obtained a version of the tax authority data. The newspaper shared it with ICIJ with the agreement that it would assemble a global team of journalists to explore the data and produce this reporting project.
