Business
Swiss police search HSBC's Geneva office
London, Feb 18
Swiss police searched HSBC
bank's office in Geneva as part of an inquiry into alleged
money-laundering, a media report said Wednesday.
Prosecutors said
they were investigating "HSBC Private Bank (Suisse) SA and persons
unknown for suspected aggravated money laundering", BBC reported.
In
a statement, they said the investigation could be extended to "people
suspected of committing or participating in money laundering".
Franco
Morra, the bank's chief executive, said last week it had shut down
accounts of clients who "did not meet our high standards".
The raid comes more than a week after allegations first emerged that the bank may have helped wealthy clients evade tax.
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