Four families are suing the British banking giant for allegedly allowing the gangs to launder billions,providing ‘systematic fabric support to the cartels’Four families of Americans killed by Mexican drug cartels are suing British banking giant HSBC for allegedly contributing to their deaths by allowing the gangs to launder billions of dollars.
It is a fresh setback for the bank, whose operations in Mexico have been under scrutiny by US authorities for years. The bank processed at least $881m in cash for Mexico’s Sinaloa cartel, or regarded as the most powerful drug gang in the world,according to US authorities. Continue reading...
Source: theguardian.com