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BBC says that HSBC, world's second largest bank, helped rich people to hide money so they would not have to pay tax. BBC documentary programme got access to details of thousands of private bank accounts, worth $128 billion, from HSBC bank in Switzerland. information was leaked by whistleblower in 2007. It shows that HSBC helped its wealthy clients to evade tax. The whistleblower was computer expert working for HSBC in Geneva. He stole details of more than 100,000 clients worldwide. French banking team looked at stolen data in 2013. It concluded that 99.8% of French citizens on list were probably evading tax.

HSBC said bank has changed lot since 2007. It said: "HSBC has [put in place] numerous initiatives designed to prevent its banking services being used to evade taxes or launder money." Guardian newspaper in U.K. said HSBC told its reporters that bank understood that it failed to follow law properly. One woman who complained when the bank did not make changes lost her job. Sue Shelley was responsible for making sure HSBC followed law. The BBC said that when she complained that bank was not keeping its promise to change, bank fired her. The BBC said HSBC is now facing criminal investigations in USA, France, Belgium and Argentina.

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