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Britons arrested for hiding money in Swiss bank accounts - Telegraph: "According to an anonymous source quoted in the magazine Accountancy Age last week, the two Britons were arrested late last year on suspicion of having hidden money in Zurich-based HSBC accounts. They have since been released on bail.
Accountancy Age believes that the arrests may have been made as a result of analysis of a list of wealthy individuals with accounts in the Swiss division of HSBC which was handed to HMRC last year.
The list, which was stolen by a employee and passed onto French authorities, led HMRC to issue hundreds of letters to well-off UK taxpayers who were thought to have Swiss accounts, warning them to disclose their assets.
The news of the arrest broke just a few days before another former employee of a Swiss bank, Rudolf Elmer, handed over CDs containing the details of 2,000 wealthy individuals and corporations practising tax avoidance to WikiLeaks founder Julian Assange.
A spokesman for HMRC refused to comment on the matter, saying that they did not confirm arrests unless charges had been brought. HSBC also declined to comment."
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
Accountancy Age believes that the arrests may have been made as a result of analysis of a list of wealthy individuals with accounts in the Swiss division of HSBC which was handed to HMRC last year.
The list, which was stolen by a employee and passed onto French authorities, led HMRC to issue hundreds of letters to well-off UK taxpayers who were thought to have Swiss accounts, warning them to disclose their assets.
The news of the arrest broke just a few days before another former employee of a Swiss bank, Rudolf Elmer, handed over CDs containing the details of 2,000 wealthy individuals and corporations practising tax avoidance to WikiLeaks founder Julian Assange.
A spokesman for HMRC refused to comment on the matter, saying that they did not confirm arrests unless charges had been brought. HSBC also declined to comment."
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
