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Stolen HSBC Data Allowed by Paris Court in Tax Probe, AFP Says

A Paris appeals court refused a bid by the heiress to fashion designer Nina Ricci to end a tax evasion investigation because it was based on account data stolen from HSBC Holdings Plc, Agence France-Presse said today, citing her lawyer.

Arlette Ricci disputed the validity of using the data, stolen by a former HSBC employee and seized from his home in 2009, in pursuing her for allegedly hiding wealth in HSBC accounts in Switzerland to evade taxes, AFP said, citing Jean-Marc Fedida, her lawyer.

Fedida didn’t immediately respond to calls by Bloomberg News for comment on the decision.

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