Fraud, Money Laundering and Narcotics. Impunity
of the Banking Giants. No Prosecution of HSBC
By Tom Burghardt
In another shameful decision by the US Department
of Justice, earlier this month federal prosecutors reached a deferred
prosecution agreement (DPA) with UK banking giant HSBC, Europe’s largest bank.
Shameful perhaps, but entirely predictable.
After all, in an era characterized by economic collapse owing to gross
criminality by leading financial actors, policy decisions and the legal
environment framing those decisions have been shaped by oligarchs who quite
literally have “captured” the state.
Founded in 1865 by flush-with-cash opium
merchants after the British Crown seized Hong Kong from China in the aftermath
of the First Opium War, HSBC has been a permanent fixture on the radar of US
law enforcement and regulatory agencies for more than a decade.
http://www.globalresearch.ca/fraud-money-laundering-and-narcotics-impunity-of-the-banking-giants-no-prosecution-of-hsbc/5317406
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