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Herve Falciani News
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Herve Falciani, the former HSBC employee whose disclosures uncorked the "Swissleaks" scandal on bank-supported tax evasion, was sentenced in absentia on Friday to five years in prison, Switzerland's ATS news agency said.
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SIT Chairman M B Shah said India is prepared to give Herve Falciani and other whistleblowers "full cooperation" in the fight against the menace of black money.
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Claiming that "lot of information" on illicit funds is lying unused by the Indian authorities, HSBC whistleblower Herve Falciani Monday said he is willing to "cooperate" with the investigative agencies in their black money probe but would need "protection".
As per rules, up to 30 percent of the tax amount realised could be offered to whistleblowers who provide specific information on illegal funds.
HSBC`s former chief executive and chairman, Stephen Green, the man at the centre of the SwissLeaks tax scandal in Britain, on Saturday stepped down from his role at finance lobby group TheCityUK.
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