HSBC Account 98 Update
An account at an HSBC subsidiary (the Saudi- British Bank) will be charged with being used to collect and pass funds to organizations which then used the money to help suicide bombers and their families. This is the Account 98 scandal. A forthcoming court action, launched by lawyers representing 500 victims of suicide attacks, claims that an account at an HSBC subsidiary in Saudi Arabia is being used to fund groups such as Hamas and Palestinian Islamic Jihad and the al-Aqsa Martyrs Brigades, and also to designated international terrorist organizations. When legal papers are filed Household - HSBC Watch will report it here.
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