India May Charge HSBC With Aiding Tax Evaders, PTI Reports

India’s income tax department is considering prosecuting HSBC Holdings Plc (HSBA) for helping Indians hide money overseas, the Press Trust of India reported, citing people it didn’t identify.

Rajesh Joshi, a spokesman for HSBC in Mumbai, declined to comment.

To contact the reporter on this story: Siddharth Philip in Mumbai at sphilip3@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net

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