Unbelievably in the midst of all the scandals swirling round HSBC at the moment they have just lied again. A very well know journalist contacted the press office today and asked whether the contingent liability of $1bn reported in their accounts for “technical requirments of the Consumer Credit Act” (i.e. fraud) relate to my allegations. He received this response:
However, look at the whole of the relevant paragraph from their accounts
They have not covered the question of the contingent liability of $1bn.