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Books > Social sciences > Sociology, social studies > Social issues
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Too Big to Jail - Inside HSBC, the Mexican drug cartels and the greatest banking scandal of the century (Hardcover)
Loot Price: R546
Discovery Miles 5 460
You Save: R68
(11%)
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Too Big to Jail - Inside HSBC, the Mexican drug cartels and the greatest banking scandal of the century (Hardcover)
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List price R614
Loot Price R546
Discovery Miles 5 460
You Save R68 (11%)
Expected to ship within 9 - 15 working days
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'Packed with insights and details that will both amaze and appal
you' - Oliver Bullough, author of Butler to the World Across the
world, HSBC likes to sell itself as 'the world's local bank', the
friendly face of corporate and personal finance. And yet, a decade
ago, the same bank was hit with a record US fine of $1.9 billion
for facilitating money laundering for 'drug kingpins and rogue
nations'. In pursuit of their goal of becoming the biggest bank in
the world, between 2003 to 2010, HSBC allowed El Chapo and the
Sinaloa cartel, one of the most notorious and murderous criminal
organizations in the world, to turn its ill-gotten money into clean
dollars and thereby grow one of the deadliest drugs empires the
world has ever seen. How did a bank, which boasts 'we're committed
to helping protect the world's financial system on which millions
of people depend, by only doing business with customers who meet
our high standards of transparency' come to facilitate Mexico's
richest drug baron? And how did a bank that had been named 'one of
the best-run organizations in the world' become so entwined with
one of the most barbaric groups of gangsters on the planet? Too Big
to Jail is an extraordinary story brilliantly told by writer,
commentator, and former editor of The Independent, Chris
Blackhurst, that starts in Hong Kong and ranges across London,
Washington, the Cayman Islands and Mexico, where HSBC saw the
opportunity to become the largest bank in the world, and El Chapo
seized the chance to fuel his murderous empire by laundering his
drug proceeds through the bank. It brings together an extraordinary
cast of politicians, bankers, drug dealers, FBI officers and
whistle-blowers, and asks what price does greed have? Whose job is
it to police global finance? And why did not a single person go to
prison for facilitating the murderous expansion of a global drug
empire?
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