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Monday, November 12, 2012

''HSBC mired in fresh illicit offshore cash scandal''

From The Bureau Investigates

''News of a fresh high level probe into the Canary Wharf-based bank comes in the wake of a devastating US Senate investigation committee into HSBC’s role in facilitating Mexican drug cartels shifting billions of dollars through its offshore branch network.

HSBC’s Swiss branch is under investigation by international tax authorities for possible tax evasion among its  bank account holders there. The Bureau in July received information from investigators close to the HMRC which suggest UK residents who had HSBC Swiss accounts may have dodged at least £200m in taxes.''

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