Zero Hedge: HSBC Bank: Secret Origins To Laundering The World’s Drug Money

16 02 2015

HSBC Bank : Secret Origins To 26/11 Mumbai Attacks

#SwissLeaks what the media has termed it is a trove of secret documents from HSBC’s Swiss private banking arm that reveals names of account holders and their balances for the year 2006-07. They come from over 200 countries, the total balance over $100 billion. But nowhere has the HSBC Swiss list touched off a more raging political debate than in India.

That’s why to obtain and investigate the Indian names, The Indian Express partnered in a three-month-long global project with the Washington-based International Consortium of Investigative Journalists (ICIJ) and the Paris-based Le Monde newspaper. The investigation revealed 1,195 Indian HSBC clients, roughly double the 628 names that French authorities gave to the Government in 2011. The new revelation— published as part of a global agreement — is expected to significantly widen the scale and scope of the ongoing probe by the Special Investigation Team (SIT) appointed by the Supreme Court.

For years, when banks have been caught laundering drug money, they have claimed that they did not know, that they were but victims of sneaky drug dealers and a few corrupt employees. Nothing could be further from the truth. The truth is that a considerable portion of the global banking system is explicitly dedicated to handling the enormous volume of cash produced daily by dope traffickers. . . .

More at Rudolph Elmer (whistel-blower banker)  and  in comment here






3 responses

17 02 2015

Two Australians about to be shot by Indonesian death squad, for heroin, who at HSBC, also involved with drugs will be shot?

17 02 2015

AND – – HSBC runs slush fund account for Clinton’s “charity” and had all the big backers’ “donations” like pedo- Epstein etc. in it.
Just added that one to the Clinton section in the Epstein scandal page (button on right side).
AIG & HSBC seem to be the black budget ops du jour.

17 02 2015

Follow up from Zero Hedge –
Moment of Brutal Honesty: Political Commentator Quits Over HSBC Coverage, Accuses Telegraph Of “Fraud On Readers”

+ HSBC and Epstein/Clinton/kiddie pimps –

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