‘Acts of terror’: HSBC faces lawsuit over laundering of Mexican drug money…(And Nobody Goes To Jail!!)

Thursday, February 11, 2016
By Paul Martin

11 Feb, 2016

The families of US citizens who were brutally murdered by Mexican drug cartels are suing HSBC, accusing the bank of allowing crime lords to launder billions of dollars and shatter lives in the process.

The legal complaint, which was filed in a federal court in Texas, says HSBC’s material support of Mexican drug gangs led to the destruction of multiple lives, including those of the plaintiffs.

The legal complaint also argues that by participating in Mexican cartels’ money laundering schemes, HSBC contributed directly to the international drugs trade and the brutality that encompasses it.

The London-based bank, which has previously come under fire for its complicity in money laundering schemes, was forced to pay almost $2 billion in penalties in 2012 to settle charges that it failed to prevent the flow of hundreds of millions of dollars’ worth of drug money through its Mexican operation.

As part of a deferred US prosecution agreement that year, the bank admitted to multiple compliance failures and neglecting to heed warning signs in its Mexican office.

Macabre murders
This latest lawsuit against the bank will examine the brutal murders of a group of American citizens in 2010, and also heighten scrutiny of HSBC’s relationship with Mexican drug cartels.

In one particularly brutal case, Rafael Morales Valencia was kidnapped on his wedding day as he departed the church with his wife. He was then taken to a safe house with his uncle and brother by members of the Sinaloa cartel, where they were tortured and strangled.

In a separate case, Lesley Enriquez Redelfs, who worked at the US Consulate in the Mexican border city of Juárez, was ambushed by members of the Juárez cartel after leaving a kids’ birthday party hosted by the diplomatic office. Her brother was also abducted, and both were shot dead by cartel members.

The Rest…HERE

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