article_snippet.sent: The multi-millionaire name was among thousands of HSBC clients who were discovered to have non-declared bank accounts in Switzerland.
article_snippet.sent: The Swiss branch of HSBC is now facing charges of fraud and money laundering after authorities in Brussels claimed The Swiss branch of HSBC had 'knowingly eased and promoted fiscal fraud by making offshore companies available to certain privileged clients'.
article_snippet.sent: Ricci was among thousands of HSBC clients who were discovered to have non-declared bank accounts in Switzerland.
article_snippet.sent: Ricci lawyers always argued the fault lay with HSBC in Switzerland, with one insisting in defence documents: '
article_snippet.sent: Ricci was in no way informed about how HSBC decided to structure the organisation of the funds
article_snippet.sent: The judgment came after HSBC Holdings was formally placed under criminal investigation for complicity in fiscal fraud and illegal selling via illegal selling Swiss arm for two years starting in 2006.