establishment cover up

I thought I would just highlight one of  the establishment cover-ups of HSBC fraud. An OFT order was made against HFC (HSBC) but covered up because it coincided with Cameron making the bank’s chair a Lord.

The order is dated 17 November 2010. Stephen Green, Chair of HSBC holdings was created a life peer on 16 November 2010 by David Cameron, and was introduced in the House of Lords on 22 November.  By a strange coincidence the OFT order was only released to the public via a press release dated 22 November 2010. Furthermore, it would have been very difficult to discover that the order against HFC (HSBC) was in connection with the “collection charges” because the press release was concerning Charging Orders, something entirely different, and the order was tucked away at the bottom of the press release as a pdf attachment.

So there was no possibility that an OFT order against HSBC telling them to stop adding illegal costs to debts would reach the public’s attention at the time the bank’s Chair was being made a Lord and Trade Minister.