gfiles magazine

December 19, 2012

Banking on scams

hsbc banking
Banking on scams
The reported money-laundering and terror financing operations run by HSBC bank pose a threat to the safety and integrity of not only the banking industry but to the security of the country itself
by Ajit Ujjainkar
Activists Arvind Kejriwal and Prashant Bhushan’s recent accusations charging the multinational bank HSBC  of alleged money laundering and running a huge hawala operation to launder thousands of crores of illicit money belonging to leading corporates only confirms that all is not well with surveillance mechanism of the fast-growing banking and financial services industry in India. READ MORE 

No comments:

Post a Comment