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LATEST: HSBC allegedly ignored warnings linked to $330m embezzlement scandal

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. REUTERS/Henry Romero/File Photo

By PAUL O’DONOGHUE, Senior Correspondent

HSBC ignored repeated internal warning signs over accounts linked to an alleged $330 million embezzlement scheme involving the brother of Lebanon’s former central bank governor, according to details from a French judicial investigation.

The allegations centre on Forry Associates, a British Virgin Islands company controlled by Raja Salameh, brother of former Banque du Liban governor Riad Salameh.

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