Following revelations that the Swiss banking arm of HSBC — the world’s second largest bank — was engaged in massive fraudulent tax-evasion relating to assets totaling $100 billion, Peter Oborne dropped an unexpected bombshell.
The veteran journalist exposed how one of Britain’s leading national broadsheets, The Telegraph, refused to cover the HSBC scandal to protect its corporate advertising revenues. The increasing encroachment of corporate power on The Telegraph’s editorial decisions was among the factors, Oborne said, that led him to resign from his position as chief political commentator at the paper.
But the latest HSBC scandal, and The Telegraph’s belatedly selective reporting of it, barely scratch the surface of the enormous power wielded by Britain’s biggest bank at the expense of the British public.
The scale of tax-evasion in the HSBC Swiss leaks case amounts to hundreds of millions of pounds.
Another far worse case of HSBC fraud totalling an estimated £1 billion, closer to home and premised on the bank’s ability to prey on unsuspecting British shoppers, has been systematically covered up by regulators, police, law firms, the government and much of the UK media. Full story...
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The veteran journalist exposed how one of Britain’s leading national broadsheets, The Telegraph, refused to cover the HSBC scandal to protect its corporate advertising revenues. The increasing encroachment of corporate power on The Telegraph’s editorial decisions was among the factors, Oborne said, that led him to resign from his position as chief political commentator at the paper.
But the latest HSBC scandal, and The Telegraph’s belatedly selective reporting of it, barely scratch the surface of the enormous power wielded by Britain’s biggest bank at the expense of the British public.
The scale of tax-evasion in the HSBC Swiss leaks case amounts to hundreds of millions of pounds.
Another far worse case of HSBC fraud totalling an estimated £1 billion, closer to home and premised on the bank’s ability to prey on unsuspecting British shoppers, has been systematically covered up by regulators, police, law firms, the government and much of the UK media. Full story...
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