Neil MacLucas of Dow Jones Newswires reports:
Switzerland has confirmed the arrest in Spain of Herve Falciani and are now seeking extradition of the Italian-French citizen being sought by police in connection with the theft of customer data from the Geneva branch of HSBC Private Bank.
[…]
Copies of the HSBC data, which lists the names and account details of thousands of customers, is now in the hands of French tax authorities, who are using it to chase alleged tax dodgers with money stashed in Switzerland.
Mr. Falciani has denied preliminary allegations by the Swiss authorities of breaching banking secrecy and stealing banking records. His home in France was raided at the behest of Swiss authorities, who had launched a probe into allegations of violations of bank secrecy.
HSBC announced in 2009 that data on customers had been stolen in 2006 and 2007 by Mr. Falciani, who had worked at the bank as a computer specialist.
Read more on Fox Business.
Some of the previous coverage on this case can be found on this blog here.