Nov 27 (Reuters) - Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clientsand their tax situation, has been sentenced to five years inprison for aggravated industrial espionage, the bank said onFriday.
HSBC said it welcomed the ruling on Falciani, who had beenon trial in Switzerland.
HSBC's Swiss unit has been in the spotlight since 2008, whenFalciani, a former IT employee there, fled Geneva with filesthat were leaked to the media and were alleged to show evidenceof tax evasion by clients. French newspaper Le Monde has said itidentified more than 106,000 clients.
Falciani, who is based in France, did not attend his trial. (Reporting by Sudip Kar-Gupta; editing by Susan Thomas)
HSBC Holdings (HSBA)