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Wednesday, April 30, 2008

Jagmeet Channa: HSBC calls in police for €90 million fraud investigation

by Chloe Hayward

HSBC is the latest bank to be hit by attempted fraud. According to sources, police were called in to the Canary Wharf head office to remove two operations staff members on Friday April 25.


The alarm was raised when the main euro account at HSBC, which normally holds between €30 million and €1 billion, hit zero. Soon after, a single transaction moving €90 million from the account was traced back to within the ranks of the middle office department at the UK bank. Sources say that one person on the operations...


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