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Salmond - apologist for organised crime

Speaking during his New York trip, Alex Salmond said HSBC "in many ways is the most Scottish bank in the world now. Founded by Scots, run by Scots, on the principles of Scottish banking. Hence one reason why it's survived the winds better than other institutions"


With the Scottish-based HBOS and RBS exposed as incompetent and failed banking institutions Salmond was required to look further afield for a positive example. But the HSBC?

This was the bank fined £1.2 billion for money laundering in the United States and Mexico, and embroiled in a fresh scandal with Argentine authorities accusing it of laundering $100 million. In India, in November 2012, anti-corruption crusaders Arvind Kejriwal and Prashant Bhushan alleged that the bank was involved in black money and hawala transactions. They said that in July 2011, the Indian Government had received a list of about 700 people having bank accounts in HSBC, Geneva, in 2006. The Bank also was fined $1.4 billion by the U.K. fo…