|'El Gulliver' Gets $3M HSBC Bonus for Drug Cartel' Financing|
|by Tom McGregor||Mon, Mar 4, 2013, 08:14 PM|
London Banks are rewarding bankers for financing Mexico drug cartels by offering millions of dollars of bonuses for those who money launder for drug lords. 'El Gulliver,' (Drug Kingpin accountant) is chief executive of HSBC and has been awarded with a huge bonus for reaping billions of dollars in profits for the bank.
The Daily Mail of London reports that, "Stuart Gulliver is expected to receive a windfall of around $3 million as part of total pay and benefits package worth between $9 million and $11 million for 2012."
A few months ago, U.S. regulators fined HSBC $2 billion for money laundering the cash of Mexico’s drug cartels and Islamist militant terrorist groups.
According to the Mail, "HSBC was accused by the U.S. Senate of fostering a 'polluted culture,' ignoring warnings of breaching safeguards that could have prevented the laundering of money from Iran, Syria and Mexico."
'El Gulliver,' will receive a $3 million bonus, which is nearly the same amount as his prior year’s bonus.
To read the entire article from the Daily Mail of London, link here:
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