×
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

HSBC to pay 300m euros to end Belgian criminal probe

Last Updated 06 August 2019, 10:36 IST

HSBC has agreed to pay nearly 300 million euros ($335 million) to end a Belgian criminal investigation into allegations of fraud and money-laundering, prosecutors in Brussels said on Tuesday.

The allegations, which related to a Swiss subsidiary of the British banking giant and ran into hundreds of millions of euros, mainly involved assets owned by wealthy clients from the Antwerp diamond industry.

ADVERTISEMENT
(Published 06 August 2019, 10:22 IST)

Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks

Follow us on

ADVERTISEMENT
ADVERTISEMENT