Herve Falciani to help govt in black money hunt

The government has roped in whistleblower Herve Falciani to assist in the effort to unearth and recover black money stashed in tax havens abroad.

The government has roped in whistleblower Herve Falciani to assist in the effort to unearth and recover black money stashed in tax havens abroad, NDTV has reported.

Falciani is behind the 2006 leak of the names of thousands of illicit bank account holders at HSBC in Geneva, where he was employed as a systems engineer.

A few days ago, Falciani, expressing his desire to help the Indian government, had told NDTV, "India has less than 1% of the information from the original data. I am helping other countries and I am keen to help India."

US, Spain and Belgium are already using him to identify tax defaulters and detect the trail of black money. Falciani had given the list of more than 600 Indian black money holders to the French government which in turn gave it to India.