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Belgium police raid homes of HSBC clients in fraud case

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Belgium police raid homes of HSBC clients in fraud case

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Police in Belgium have raided the homes of 20 HSBC clients in Brussels and Antwerp in a tax evasion probe.

The bank’s Swiss department is being investigated as part of a multi-billion euro fraud involving large savings in undisclosed accounts.

The case appears to have connections with elements of the Antwerp diamond industry.