HSBC caught in the new drug money laundering scandal

While HSBC’s Canary Wharf masters are back-peddling furiously over charges that they gave a leg up to terrorist financiers and drug traffickers as a recent U.S. Senate report charged, new evidence emerged that its business as usual for the multinational banking giant founded by Hong Kong-based British opium merchants.

 

According to the journalist of the article stated to Julius Baer: "It is worth recalling in this context that Julius Baer’s Cayman Islands division, as the whistleblowing web site WikiLeaks revealed, was instrumental in squirreling away “several million dollars” of funds controlled by late Mexican Army General Mario Acosta Chaparro and his wife, Silvia, through a shell company known as Symac Investments".

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