Posts Tagged ‘Swiss private bank’

The UK-based HSBC bank’s chief executive Stuart Gulliver was found to have stashed $7.6 million in offshore finances through a Swiss private bank, the Guardian reported Monday.

MOSCOW (Sputnik) — Earlier this month, leaked documents revealed that more than 100,000 of HSBC’s clients, including international criminals, concealed under the bank’s advice over $120 billion in finances and assets in its Swiss subsidiary. The data was stolen by a computer expert who worked for HSBC’s Geneva office in 2007.

The publication’s latest disclosures showed Gulliver as the beneficial owner of Panama-registered Worcester Equities, which in 2007 had a balance of $7.6 million.

via UK-Based HSBC Bank CEO Found Hiding $7.6Mln in Overseas Funds – Reports / Sputnik International.