Correction: Spain-HSBC story

In a story May 4 about a money laundering probe in Spain, The Associated Press misidentified Peter Widmer. He is the former chairman of the HSBC Swiss banking unit, not its current chairman.

A corrected version of the story is below:

Spain orders money laundering probe against former HSBC executives

Spain's National Court said it is investigating seven former HSBC executives in the private banking business charged with money laundering and criminal organization

MADRID (AP) — Spain's National Court said it is investigating seven former HSBC executives in the private banking business charged with money laundering and criminal organization.

HSBC's Swiss banking unit has been investigated in several countries after leaked documents suggested it helped wealthy people around the world dodge taxes. A former IT employee, Herve Falciani, gave the data to French tax authorities in 2008 and France shared it with Spanish authorities and other governments.

Judge Jose de la Mata ruled Thursday to investigate the Swiss banking unit's former chairman, Peter Widmer, as well as Clive Bannister and Christopher Meares, who were CEOs in 2006 and 2007 respectively, and four more former executives.

The judge found evidence that the executives worked with Banco Santander and BNP Paribas to transfer funds at least until 2008 to avoid taxation in Spain.

HSBC declined to comment.