, India

India may sue HSBC over black money

The Indian government may sue HSBC for persuading their executives to stash undeclared money in a Geneva branch.

 

HSBC's role is described as "active" in a report cited by Xinhua News.

India's Central Board of Direct Taxes has sought the opinion of the Law Ministry for this.

This comes at a time when the Indian government promised Parliament last week a White Paper on black money soon.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!