HSBC Client Said to Plead Guilty to Hiding Bank Accounts
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A New Jersey businessman accused of conspiring with five bankers at HSBC Holdings Plc to hide his Indian bank accounts from U.S. tax authorities is scheduled to plead guilty next week, according to court records and a person familiar with the matter.
Vaibhav Dahake, of Somerset, New Jersey, will have a “plea agreement hearing” on April 11 in federal court in Trenton, New Jersey, court records show. He was indicted Jan. 26 on charges of conspiring with bankers of “one of the largest international banks in the world,” which has headquarters in England.