HSBC to pay 300m euros to end Belgian criminal probe

AFP File photo for representation

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.

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