Serbian citizen brought 20 million euros in HSBC in a suitcase

"Swiss Leaks" affair: Serbian tycoons were also hiding money in Swiss HSBC bank Serbian citizen brought 20 million euros in HSBC in a suitcase

Among numerous secret accounts in Swiss bank HSBC there are those belonging to some rich Serbian citizens.

HSBC, the UK's biggest bank, helped rich customers to dodge paying tax by allowing them to set up secret accounts in Switzerland.

 

Thousands of documents were published from the company's private Swiss bank which showed that some clients were able to hide money from HM Revenue and Customs (HMRC).

 

As a result of investigations by the HMRC, some 46 million dollars in unpaid tax, interest and penalties have since been handed over by the Serbian citizens involved, it is claimed.

 

According to one of the published documents, one bank official describes his anxiety when one Serbian citizen came to deposit 20 million euros.

"We asked him to behave incospicuously next time. We told him that we didn't interfere in his transactions until then, but that we would appreciate if the ammounts were smaller. He answered that he understands our concern and that he will be more careful next times", says one of the revealed notes.

 

In documents called "Swissleak" there are 38 people mentioned and connected with Serbia. At least five of them has Serbian passport. 46 million dollars passed through accounts connected with Serbia, and the biggest ammount conected directly with Serbia is 11,1 million.

 

The reason because there are no bigger ammounts of "Serbian money" is not because our tycoons don't like HSBC bank, but because Swicc bankers estimated that "wreckless behaviour of Serbian clients could harm their much more lucrative businesses.

 

Serbia...

Continue reading on: