HSBC India unit client (Ashvin Desai) charged with US tax evasion

Posted on Nov 17, 2011 in People, SF Bayarea | 0 comments

A San Jose, California, man faces charges of tax evasion after failing to report $1.3 million in interest income from HSBC Holdings Plc’s India unit, U.S. prosecutors said on Thursday.

Ashvin Desai hid as much as $8.8 million during 2009 in the India operations of the UK banking giant, prosecutors said.

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