HSBC faces accusations that it helped to enrich senior Egyptian political and business figures now at the centre of corruption investigations. More than a dozen former associates of ousted president Hosni Mubarak are facing trial, as Egyptian investigators focus on allegations that land and state-owned industrial assets were sold at knockdown prices in a process the OECD says was secretive. Research by the Bureau of Investigative Journalism, a not-for-profit body based at London’s City University, has concluded that HSBC raised more than £450m for two of Egypt’s biggest and most controversial property developers now embroiled in corruption court cases. – Guardian
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