- Created: Friday, 20 February 2015 10:52
- Written by Trevor Rayne
Britain’s biggest bank, HSBC, plays a pivotal role in the world drug and arms trades, in bribery, embezzlement and tax avoidance. Herve Falciani worked as an IT engineer for HSBC’s Swiss subsidiary in Geneva. In 2008 he stole information on 30,000 accounts. Falciani described the secret stash: ‘This money comes from mafia, drug traffickers, blood diamonds and tax evasion. Once known, no one, and I’m talking about governments, were motivated to do anything, even when it was possible. We had over $500bn in assets that were not supposed to be there.’ Falciani was arrested in France in January 2009 and handed the files to the French finance minister, now head of the IMF, Christine Lagarde. On the ‘Lagarde list’, as it has become known, royalty mingled with sports stars, East European bankers with cycling dopers, Conservative Party donors with Middle Eastern defence ministers; all manner of wealthy customers of the world’s local bank - and all with something to hide. Identities were disguised: names include Captain Kirk, Painter, Captain Haddock and a Mr Shaw.