hsbc to pay 300 mn euros to avoid french tax fraud trial prosecutors
Last Updated : GMT 09:03:51
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Last Updated : GMT 09:03:51
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HSBC to pay 300 mn euros to avoid French tax fraud trial: Prosecutors

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Almaghrib Today, almaghrib today HSBC to pay 300 mn euros to avoid French tax fraud trial: Prosecutors

HSBC to pay 300 mn euros to avoid French tax fraud trial: Prosecutors
Paris - Al Maghrib Today

 HSBC Private Bank, a Swiss unit of banking giant HSBC, has agreed to pay 300 million euros ($352 million) to avoid going to trial in France for enabling tax fraud, prosecutors said Tuesday.

HSBC was accused last year of helping French clients to hide at least 1.67 billion euros from the tax authorities, according to a source close to the probe.

sde-mch-bl-nal/jh/rl

Source: AFP

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hsbc to pay 300 mn euros to avoid french tax fraud trial prosecutors hsbc to pay 300 mn euros to avoid french tax fraud trial prosecutors

 



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