Ex-HSBC Employee Falciani Said Indicted on Swiss Bank Data Theft

Hugo Miller reports:

A former computer technician for HSBC Holdings Plc (HSBA) “celebrated as a hero abroad” was indicted in Switzerland on charges of industrial espionage and violating the country’s bank secrecy laws, prosecutors said.

The Swiss Attorney General’s office, without identifying the suspect as is its custom, said in a statement today that the country was prepared to try him in absentia. The statement refers to Herve Falciani, the technician accused of stealing client data in 2008 from HSBC’s Geneva office and passing it to French authorities, said a person with direct knowledge of the case who asked not to be identified.

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