Black Money: Indians Rank 16th On Leaked HSBC List; Swiss On Top

NEW DELHI: With total funds of $4.1 billion, Indians rank 16th on the new leaked HSBC list of Swiss bank account holders from over 200 countries, while people from Switzerland itself are on the top.

The list, made public by an international body of journalists ICIJ (International Consortium of Investigative Journalists), comprises over one lakh HSBC customers and their bank accounts with balances totalling over $100 billion.

There are more than 19,000 clients not associated with any country, ICIJ said.

In terms of money in these accounts, account holders from Switzerland are on the top ($31.2 billion), followed by UK, Venezuela, US and France in the top five. India is at 16th place on this parameter.

In terms of the number of account holders, India is at 18th place (1,668 account holders), while Switzerland is on the top again with 11,235 account holders. Others in the top-five include France, UK, Brazil and Italy.

ICIJ said that its "Swiss Leaks project is based on a trove of almost 60,000 leaked files that provide details on over 100,000 HSBC clients and their bank accounts.

The data of these accounts were "secreted away by Herve Falciani, a former HSBC employee-turned-whistleblower".
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