Panel to ask govt to disclose names of 700 Swiss HSBC account holders

NEW DELHI: The standing committee on finance’s meeting on Friday will ask the government to disclose the names of 700 Swiss HSBC account holders that it received from France.

The information was handed to government by the French government which in turn received the information from a former employee of HSBC Bank, Herve Falciani. The information stolen by the HSBC employee contains account numbers, names and addresses as given in the passports of the holders.

There have been raids on the persons named in these documents. According to sources, many of them have owned up the charge of holding accounts in the Swiss HSBC bank. The sources in the standing panel said the government cannot claim that laws do not permit it to disclose the names of the account holders.

“This is part of leaked information. It has not come to India through legal route,” they said, adding the session on black money with officials in the department of revenue will deal with the progress of the probe.