UK politician urges Hong Kong authorities to probe HSBC, StanChart over ‘illicit funds’ linked to South Africa corruption scandal
Thursday, 19 October 2017
A British parliamentarian has urged Hong Kong’s financial authorities to investigate his claims that banks in the city were used to process allegedly illicit funds linked to South Africa’s President, Jacob Zuma and the powerful Gupta family of businessmen. Speaking in the House of Lords on Thursday, Lord Hain of Neath, a former government minister, asked Philip Hammond, the UK’s finance minister, to ensure that HSBC, Standard Chartered and other European banks tracked down...
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