The Argentine inland revenue service AFIP said on Thursday that it had charged HSBC with helping more than 4,000 Argentines evade some $3 billion (2.4 billion euros) in taxes.
The money was said to have been handled by intermediaries using offshore accounts, including accounts in Switzerland that were linked to HSBC Argentina.
“We have filed a charge for tax evasion and illicit association relating to bank accounts in Switzerland,” said AFIP director Ricardo Echegaray.
Echegaray alleged that some accounts in Geneva are owned by HSBC Argentina’s president, as well as other bank executives. He gave no details about whether the bank’s operations had been suspended in Argentina.