Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customersHM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s Swiss bank to evade tax, a senior official has admitted for the first time.
A public accounts committee hearing has been told there is no longer any criminal investigation despite claims that the banking arm had turned a blind eye to alleged illegal activities of wealthy individuals including arms dealers.
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Source: theguardian.com