(PARIS, France.) #MoneyTalks HSBC Holdings Private Bank: Agree a few million fine over ‘ Tax Dodging Scheme via its private bank in Switzerland for French citizens and case is dropped with no further charges levied prosecutors office said Tuesday #AceNewsDesk reports

#AceNewsReport – Nov.14: This is Macron’s France with a new legal framework to allow HSBC’s decision to pay 300 million euros (£269 million) to settle an investigation into tax dodging by French citizens: This will end proceedings against the bank provided it does make that payment, the French financial prosecutor’s office said on Tuesday #AceNewsDesk reports

Reuters: http://ift.tt/2zCmgtG Reporting by Sudip Kar-Gupta; Editing by Ingrid Melander HSBC Holdings has agreed to pay 300 million euros (£269 million) to settle a long-running investigation into tax dodging by French citizens via its private bank in Switzerland, the lender said on Tuesday…….The financial prosecutor added in a statement that the settlement was the first of its kind under a new French legal framework……….It also said that two former directors of HSBC’s Swiss private bank remained subject to possible legal action…….Earlier on Tuesday, HSBC said it would make the payment to settle the long-running probe into tax dodging by French citizens via its private bank in Switzerland #AceNewsDesk reports are provided by Sterling Publishing & Media News

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