Zimbabweans Linked to $270 Million Stashed in HSBC Foreign Bank Accounts
- Washington International Consortium of Investigative Journalists 2015
- 4p.
The article unravels revelations that an international banking giant HSBC made huge profits by allegedly engaging in shady deals of over $270 million with some Zimbabwean citizens seven years ago, in the process, disadvantaging the poor nation of much-needed foreign currency. These secret documents, obtained from the French newspaper, Le Monde, by the renowned International Consortium of Investigative Journalists (ICIJ), cover bank accounts up to 2007 said to have allegedly belonged to 198 clients connected to Zimbabwe by birth, or residence, amounting to $272 million.
