Important lessons in how US dealt with HSBC, others

India may or may not have $462 billion of a black money stash in Swiss and other banks, as LK Advani has alleged, based on the Global Financial Integrity study; and the figure may or may not be as high at $8.8 trillion, as yoga guru Ramdev estimates. The worthies mentioned by Arvind Kejriwal may or may not have money in HSBC’s Switzerland accounts, and these monies may or may not be illegitimate.

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