Black Moeny Probe

British banking giant HSBC today said it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.

The Union government has started legal proceedings against 60 people who allegedly have black money stashed away in illegal foreign accounts, sources told NDTV.

British banking giant HSBC today said it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.

The Union government has started legal proceedings against 60 people who allegedly have black money stashed away in illegal foreign accounts, sources told NDTV.