Federal authorities are considering whether to serve a broad legal summons on HSBC to ascertain whether it sold tax-evasion services to scores of wealthy American clients, people briefed on the matter said Wednesday
Federal authorities are considering whether to serve a broad legal summons on HSBC to ascertain whether it sold tax-evasion services to scores of wealthy American clients, people briefed on the matter said Wednesday.
The legal action was being considered as a federal indictment was announced Wednesday of an affluent client of an unidentified international bank on charges of conspiracy to defraud the United States by keeping hidden bank accounts in India and the British Virgin Islands, an offshore tax haven, from about 2001 until this year.
The people who had been briefed on the matter said that the international bank was HSBC, which is based in London but has Swiss-style private banking operations around the world.
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The indictment, of Vaibhav Dahake, by federal prosecutors in United States District Court in Newark, said the unnamed bank had identified wealthy Indian-Americans as clients for undeclared offshore banking through N.R.I. Services, a United States division of the bank. The division, court papers said, encouraged United States citizens to open undeclared bank accounts in India.
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