The Mumbai connection

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The Mumbai connection Mumbai Mirror Bureau Of the 1,195 HSBC accounts unearthed by a global journalists' collective, 20 belong to those with tied to Mumbai. On Monday, a team of journalists from 45 countries dredged up details of accounts maintained by a variety of individuals in HSBC's Swiss banking arm. The sum of balances for the year 2006-07, held by clients from over 200 countries, exceeds $ 100 billion. The Indian Express entered into a partnership with this collective of reporters, called the International Consortium of Investigative Journalists (ICIJ) and the French newspaper Le Monde, to narrow the focus of the inquiry to uncover those account holders who maintain links, however tenuous, to India. According to the Indian Express, HSBC's Swiss branch counts 1,195 Indians as its clients. Read more at: https://mumbaimirror.indiatimes.com/mumbai/other/the-mumbai-connection/articleshow/46181076.cms

Publication Date

10-2-2015

Publication Title

Mumbai Mirror

Publisher

Bennett, Coleman & Co. Ltd.

Keywords

Financial system, Banking, Indian economy, Black money, Illegal foreign accounts

Source Link URL

https://mumbaimirror.indiatimes.com/mumbai/other/the-mumbai-connection/articleshow/46181076.cms

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