HSBC ignored Jersey fraud warnings – The Bureau of Investigative Journalism (en-GB)
La Hougue said the allegations made by the Bureau were “patently false”, without specifying what the alleged inaccuracies were, and said the truth would be established in court.
HSBC has rarely strayed too far from controversy over the past decade. In 2012, the bank agreed to pay a fine of £ 1.2 billion for its role in laundering Mexican drug money via the United States and violating sanctions against Iran. He also admitted that he had falsely sold mortgage-backed securities in the run-up to the financial crisis, that he was involved in exchange rate rigging and admitted that his Swiss private bank held accounts. for fraudulent customers.
HSBC told the Bureau, “We cannot comment due to client confidentiality. HSBC meets all regulatory requirements to report suspicions of financial crime and to fully cooperate with law enforcement investigations.
In July and August 2019, Darrin Stock and the couple’s accountants also sent letters and emails to a senior executive at Liberty Global, detailing the allegations of wrongdoing.
“The issues that we have reported are very serious and they are not just going to go away,” Stock wrote in a July 2019 letter. “We will not allow [Dick] cloud the water and distract from its actions or sweep it under the rug.
Liberty Global did not respond to communications, according to Stock, and Dick retains his seat on the board. In a statement to the Bureau, Liberty Global said it would not be involved in “the family dispute”. A spokesperson added: “John Dick has been a member of our Board of Directors since our inception in 2005, and has been an outstanding contributor throughout that time. ”