Uk News Bulletin: Investigation Into Pounds 70m Fraud Bid

Western MailMay 02, 2008

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Summary


BANKING giant HSBC yesterday said police were investigating an alleged E 90m (pounds 70m) attempted fraud at the group.

The bank said no customer funds were involved and no money was lost in the alleged fraud. It is believed the investigation comes after HSBC uncovered unusual activity within its securities services division.

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Uk News Bulletin: Investigation Into Pounds 70m Fraud Bid

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