HSBC Singapore has shared a new list of 1,200 account holders all across the globe of which one-third are Indians, publication DNA India has reported.
The list, which contains details of individuals having deposits more than INR50m ($750,751), has been shared with governments of India, Australia, UK and the US.
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According to the publication, the fresh list has spilled much more information – including data such as incorporation documents, names and addresses of beneficial owners and nominees and in many cases, correspondence and email IDs.
"Around 200 individuals in the list are from Mumbai alone, and 20% of them are non-resident Indians (NRIs) in the new list. The quantum of these accounts will be known by first week of September," the publication quoted an undisclosed source as saying.
"If the investigators established the unaccounted overseas wealth in these new accounts, they will be liable for harsh action. With the new law, even the NRI status won’t help," said a former senior I-T official told DNA India.
The Indian government is also anticipating exchange of information from HSBC Hong Kong very soon, the report said.
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By GlobalDataHSBC executives refused to comment on the report when contacted.
