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Revealed: Wealthy Ghanaians stash $89m in Swiss Banks

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General News of Tuesday, 10 February 2015

Source: myjoyonline.com

Dollars Stash

Details in a global leaked report have uncovered a total of $89 million of taxable money illegally stashed away in several HSBC private bank accounts in Switzerland by a number of wealthy Ghanaians between 1988 and 2006.

The report ranks Ghana 106 among 203 countries with the largest dollar amounts in the leaked Swiss files published by the BBC.

The report found that these wealthy Ghanaians whose names are not mentioned evaded tax by hiding their millions in the HSBC accounts.

The UK and Indian governments are already going after the accused individuals.

The report also found that the majority of these illegal accounts were opened between 2003 and 2005.

A team of journalists from 45 countries unearthed secret bank accounts maintained for criminals, traffickers, tax dodgers, politicians and celebrities.

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