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India May Charge HSBC With Aiding Tax Evaders, PTI Reports

March 28 (Bloomberg) -- India’s income tax department is considering prosecuting HSBC Holdings Plc 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

To contact the editor responsible for this story: Young-Sam Cho at

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