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3/10/15

Britain: Tory MPs blasted for allowing ex-HSBC boss and trade minister to dodge scrutiny

Tory MPs have been vilified by Labour following allegations they blocked efforts by two separate parliamentary committees to question ex-HSBC chief Stephen Green over tax dodging allegations that have shattered public trust in the banking giant.

A bid tabled by Labour to call Green before Britain’s influential Public Accounts Committee has been rejected after the Conservative-dominated committee voted the proposal down.
 
The tax and spending watchdog consists of eight Conservative MPs, five Labour MPs and a single Liberal Democrat.

Green, who transitioned from HSBC chief to Tory peer and government minister in 2010, remains unchallenged by any government committee over the allegations that have engulfed the bank.

While he left his post as trade minister in 2013, he remains a peer in the House of Lords. He left HSBC with a lucrative pension of £19 million.

Labour MP Austin Mitchell had proposed that Green appear before the government tax and spending watchdog in early March. Mitchell said that it soon emerged Conservative members of the committee opposed his proposal. 

Read more: Tory MPs blasted for allowing ex-HSBC boss and trade minister to dodge scrutiny — RT UK

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