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Santander UK chief Botin and family face Spanish tax evasion probe
Originally posted by 5corpio
Ana Botín, the new chief executive of Santander UK, is under investigation by the Spanish authorities for unpaid taxes, along with 11 of her family members.
Ms Botín's father, Emilio Botín, the chairman of Spanish banking group Santander, was yesterday named along with his brother as part of an investigation into allegations of tax evasion.
Mr Botín and his brother Jamie, along with all their 10 children, including Ms Botín, are being investigated over an account set up by Mr Botín's late father, also called Emilio, with HSBC Switzerland.
The Botín family have already paid €200m (£176m) to settle the outstanding tax on the trust, which was set up by Emilio Botín senior in December 1936, after he left Spain to move to London because of the Spanish civil war.
Details of the dormant account came to light after tax records of clients of HSBC's Swiss private banking business were leaked by a former employee of the bank.
The leak prompted an investigation into more than 600 Spanish citizens with accounts with the UK bank, including the Botíns, who are one of the most powerful business families in Spain through their control of..........Click HERE to read more on this story
Ms Botín's father, Emilio Botín, the chairman of Spanish banking group Santander, was yesterday named along with his brother as part of an investigation into allegations of tax evasion.
Mr Botín and his brother Jamie, along with all their 10 children, including Ms Botín, are being investigated over an account set up by Mr Botín's late father, also called Emilio, with HSBC Switzerland.
The Botín family have already paid €200m (£176m) to settle the outstanding tax on the trust, which was set up by Emilio Botín senior in December 1936, after he left Spain to move to London because of the Spanish civil war.
Details of the dormant account came to light after tax records of clients of HSBC's Swiss private banking business were leaked by a former employee of the bank.
The leak prompted an investigation into more than 600 Spanish citizens with accounts with the UK bank, including the Botíns, who are one of the most powerful business families in Spain through their control of..........Click HERE to read more on this story
(I do hate Banks, especialy ones who deny things - makes life worse for you - My Advice - BURN, STRIP THEM OF EVERYTHING - LIVING A LIFE IS MORE POWERFUL THAN MONEY - FRIENDS IS MORE POWERFUL THAN MONEY)