No criminal charges: US Justice Department to let drug-bank HSBC off with just a fine?

Image by Stuart Miles / freedigitalphotos.net *

Is Obama Justice Department planning to let drug-bank HSBC off
with just a fine, and no criminal charges?

LaRouchePAC
August 26, 2012

Two reports out today indicate that the U.S. Justice Department is cooking up a deal to let HSBC — which the world knows as the leading British drug bank — avoid criminal prosecution by paying a fine of at least $700 million and perhaps as large as $1 billion. Such a fine — no big deal for a bank of HSBC’s size — is a far cry from criminal prosecution and terminating the bank’s license to operate in the U.S., which the Senate Permanent Investigations Subcommittee report, issued in July, suggested should be done.

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