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5. Police raid HSBC's Switzerland Geneva office

Wed Feb 18, 2015, 08:48 AM

Feb 2015

http://www.businessinsider.com/hsbc-geneva-office-raid-on-tax-evasion-scandal-2015-2

Police raided HSBC's Switzerland office in Geneva this morning.

Swiss prosecutors confirmed it is investigating "HSBC Private Bank (Suisse) SA and persons unknown for suspected aggravated money laundering".

In a statement, Swiss prosecutors said its probe into the troubled bank could be extended to "people suspected of committing or participating in money laundering."

"A search is currently underway in the premises of the bank, led by Attorney General Olivier Jornot and the prosecutor Yves Bertossa," said Geneva's prosecutor in an emailed statement to Business Insider.

Read more: http://www.businessinsider.com/hsbc-geneva-office-raid-on-tax-evasion-scandal-2015-2#ixzz3S6Hi5DST

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