HSBC open to criminal charges, says Lord Macdonald

HSBC is open to criminal charges in the UK over its Swiss tax-dodging scandal, former director of public prosecutions Lord Ken Macdonald has said.

The QC said there were strong grounds to investigate the bank for "cheating" HM Revenue and Customs (HMRC).

He added that HMRC's decision not to prosecute was "seriously flawed".

Allegations emerged earlier this month that the bank had helped hundreds of people evade UK tax using hidden HSBC accounts in Geneva.

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