On December 9, 2004 a judge ordered three Islamic charities accused of raising money for the Palestinian group Hamas to pay $156 million in damages to the parents of a an American teenager slain in the West Bank. His parents turned to U.S. courts, invoking a 1992 law that allows victims of terrorism abroad to collect civil damages in American courts from groups deemed responsible for such acts, reports Reuters news agency.
If HSBC is linked to Sadaam’s profits from the oil for food progam in such a way that parallels can be drawn legal experts must debate whether or not the same law would apply. Read more from Household Watch regarding the oil for food program, written by a person claiming to be an HSBC employee.
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