The chairwoman of the BBC Trust is facing calls to sever ties with HSBC after it was revealed that she earns £10,000 a day from the scandal-ridden global banking giant.
Rona Fairhead, who was questioned by MPs from the Culture, Media and Sport Select Committee on Monday, has worked for the bank in a variety of roles including as a non-executive director, earning hundreds of thousands of pounds in the process.
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.
The chair of the Public Accounts Committee on HSBC's role in cheating the public purse, and why HMRC has some serious questions to answer.
The revelations about the role of Britain’s biggest bank in seemingly helping wealthy individuals avoid and potentially evade tax have shocked us all.
The Public Accounts Committee first raised the so-called Falciani list - the leaked names of 130,000 potential tax evaders using the Geneva branch of HSBC - with HMRC in July. HMRC admitted that although it had received a list of almost 7,000 names as long ago as May 2010, it had so far recouped only £130m and prosecuted just one individual.