Swiss bank account whistle-blower will cooperate with India

Monday, Feb 9, 2015,19:34 IST By metrovaartha A A A

New Delhi | Herve Falciani, a former employee  of the HSBC who blew the whistle on illegal account holders  after stealing data from the bank in 2008, has offered to help the Indian government in cross-checking names of people who  denied any account in the bank and said they were wrongly  listed as account holders.
Mr Falciani told NDTV in an interview in Paris that his cooperation with the Indian government could result in new  cases against Indian nationals who have so far not been investigated for stashing illegal money abroad.
India has asked him to share information about the  Indian nationals in the list.    As many as 1,195 Indians who possess accounts in HSBC  Swiss bank, have a total balance of over 100 billion  dollars, as reported.
The list includes names of several politicians, top  businessmen and NRIs.    However, prominent politicians and businessmen named in the list, including businessmen Mukesh Ambani and former Minister of State for External Affairs Preneet Kaur have denied having any account in the bank.
Finance Minister Arun Jaitley said the new list of HSBC  account holders carried some new names and the government  would proceed in accordance with law if they happened to  be those of resident Indians.    He, however, said giving mere names would not be enough  and the government needed evidence to back up.
Mr Jaitley said most names listed today were  already with the government.
In 2008, Mr Falciani had leaked the details about people  from different countries holding accounts at the HSBC.
France had passed on details to India about more than  600 Indians holding untaxed money in HSBC.    Mr Falciani had told NDTV earlier that India had accessed  only one per cent of the relevant data.