Author Topic: HSBC accused of helping Egypt generals stifle dissent  (Read 2846 times)

Offline Calimachon

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HSBC accused of helping Egypt generals stifle dissent
« on: October 31, 2011, 03:13:35 PM »
Very disturbing article if true!  Do we have any generals in Jersey?  :)

"According to Shaimaa Abo El-Khair from the Euro-Mediterranean Human Rights Network, an organisation which has just completed an investigation of the military’s treatment of Egyptian NGOs, the council’s attack on civil society is “very, very serious”.

Cali  :-X
« Last Edit: October 31, 2011, 03:18:54 PM by Calimachon »
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Offline danrok

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Re: HSBC accused of helping Egypt generals stifle dissent
« Reply #1 on: November 01, 2011, 05:57:42 PM »
For some reason the article text is missing.

Offline Calimachon

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Re: HSBC accused of helping Egypt generals stifle dissent
« Reply #2 on: November 01, 2011, 08:09:50 PM »
That is strange I just checked the link and it worked well and displayed text for me:

I will cut and paste:

Human rights groups and NGOs have accused HSBC bank of colluding in a campaign of intimidation which they say is being waged against them by Egypt’s ruling military council.

The groups, which hold Egyptian accounts with the global banking giant, say that over the past two months HSBC has contacted them requesting documents and information relating to their finances and work in Egypt.

One NGO worker, the director of an organisation which works to promote democracy around Egypt, said he was called last month by an HSBC bank manager who asked why the group had been receiving money from the American embassy.

“They wanted to know what our activities were,” said Bassem Samir, executive director of the Egyptian Democratic Academy.  “It was not clear why they were asking these questions.

This month HSBC also contacted another civil rights group, the New Women Foundation, and asked staff to provide a list of all of their future projects.

“They also said they could release our accounts to the government if they were asked,” said Nawla Darwiche, a founding member of the organisation. “This is very serious.”

It comes at a time of heightened tensions between NGOs and the ruling military council, which took power after former president Hosni Mubarak was toppled in February.

During the summer, Egypt’s Minister of International Co-operation, Faiza Abul-Naga, announced that a commission of inquiry was being established to investigate the funding of civil society organisations.

The results of the investigation were published in an Egyptian newspaper last month, which detailed the funding received by numerous NGOs and also revealed that 39 organisations had been declared illegal – including some of the most respected civil rights groups in Egypt.

Since August there have also been reports in official newspapers accusing some NGOs of treason. State TV has questioned the loyalty of certain groups, while in a recent statement the Justice Minister referred to spies and treachery in a statement about human rights organisations.

Last week the vice-president of the Union of NGOs, the government body which regulates NGOs, told a local newspaper that some employees of Egyptian rights groups could face jail over the issue. It came after the Ministry of Justice submitted information to a Cairo court detailing the foreign funding received by 75 organisations.

But HSBC is not the only target of criticism by activists. Another bank, Egyptian-owned CIB, has also been accused of intimidation.

According to United Group, a firm of Cairo lawyers specialising in human rights, the bank recently contacted lawyers to ask why the firm’s partners had received money from USAID, the US governmental organisation which distributes development cash.

“They asked us to send them copies of the contract we signed with USAID,” said Nigad al-Boraa, a senior partner at the firm. “I told them we were a law office and USAID are one of our clients, and that by legal profession laws we cannot deliver any information to a third party without the consent of our client.”

Following CIB’s inquiry, the bank closed Mr al-Boraa’s personal account along with his sister’s. United Group’s company account was also subsequently closed.

Mr al-Boraa said CIB had told him they were acting at the behest of officials at the money laundering department of the Central Bank of Egypt, which oversees all banking operations in Egypt.

Neither the Central Bank of Egypt nor CIB responded to The Independent’s requests for comment.

HSBC Bank Egypt’s head of communications, Omnia Samra, said that international banks had to respond to the Central Bank of Egypt “on a wide range of queries”.

“We are not in a position to advise the nature of such queries to third parties,” he added.

Egyptian NGOs gave The Independent a number of other examples of government interference in their work. The New Women Foundation said that during the summer, ministry officials blocked a $5,000 “Nelson Mandela Award” given to them by an international NGO called Civitas for their campaign promoting freedom of association.

Leaders of groups such as the Egyptian Democratic Academy and April 6, the prominent political youth movement, were also investigated by the government to discover details about their property assets, according to newspaper reports.

It has led to accusations that Egypt’s ruling generals, who have come under intense criticism since 27 protesters were killed during a confrontation with troops earlier this month, are using banks and government departments to apply pressure on groups which have investigated the military’s abuses of power.

A number of NGO directors told The Independent that the persecution was worse than under former President Hosni Mubarak.

“Under Mubarak, maybe this or that NGO was investigated,” said Bahey al-Din, director of the Cairo Institute for Human Rights Studies (CIHRS), one of the civil organisations reportedly under investigation. “It never happened that NGOs as a group were investigated.

“The military is not satisfied with the continuous critique of their human rights performance. It seems they are not able to tolerate the move to more and more openness.”

In August the director of USAID in Egypt resigned after a row which erupted over the group’s activities in the country.

Since February USAID has distributed millions of dollars to a variety of NGOs, leading some Egyptian officials to denounce those who accept foreign money as being “traitors”.

After coming to power the military council announced that foreign funding of civil organisations must go through official channels, such as the Ministry of Social Solidarity, which vets all external financing of registered NGOs.

However some organisations escape the tighter scrutiny of their financial affairs by registering either as civil or legal entities, meaning there is far less government oversight of their activities.

Neither the Egyptian Democratic Academy nor the United Group are registered as NGOs, but instead operate under legal and civil status.

The deadly clashes in central Cairo this month, just weeks before parliamentary elections scheduled for November, marked the latest in a series of growing rifts between Egypt’s generals and the activists who brought them to power.

Since the February uprising thousands of civilians have been arrested and jailed using the military court system, while following violent clashes outside the Israeli embassy last month, the ruling generals said they would be renewing the Emergency Law – a hated symbol of Mubarak-era abuses.

Egyptian journalists and bloggers have also been summoned by the military to answer questions about articles criticising the government.

According to Shaimaa Abo El-Khair from the Euro-Mediterranean Human Rights Network, an organisation which has just completed an investigation of the military’s treatment of Egyptian NGOs, the council’s attack on civil society is “very, very serious”.

“We are very concerned about the human rights situation in Egypt, which is perhaps as bad as before the uprising.

“Even Hosni Mubarak’s regime didn’t reach this level of attack.”

TOMORROW (Noun) = A mystical land where 99% of all human productivity, motivation an achievement is stored

Offline boatyboy

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Re: HSBC accused of helping Egypt generals stifle dissent
« Reply #3 on: February 26, 2015, 08:21:22 AM »
Just a couple of interesting tasters from the HSBC Treasury Committee hearing on the UK's biggest bank who are being fined all over the world. How did the regulators ever let it get this bad ? How do Executive bankers avoid prison ? Try as a non banker stealing £50 from a pensioner or another person in broad daylight and wait for your collar to be felt by the police.


Tyrie takes a broader view now, running through the list of investigations or fines which HSBC faces.

Interest rate derivative mis-selling,

Libor manipulation,

Eurobor manipulation,

misselling mortgage-backed securities to Fannie Mae and Freddie Mac,

Forex rigging,

Weakness in money laundering controls,

credit default swaps,

US investigation for rigging precious metals,

Various class action lawsuits over the Bernie Madoff fraud..... (I think I missed one).

The start maybe of the peoples protest that the Government is afraid of by people paying tax while the corporations ( hello Amazon, Starbucks et al ) and the very wealth who pay hardly anything compared to their wealth ?

Greg Wise, the actor married to Oscar winner Emma Thompson, has announced that the couple will refuse to pay tax until those who evaded tax through HSBC’s Swiss arm are jailed.

Wise told the Evening Standard that:

“I want to stop paying tax, until everyone pays tax,”

“I have actively loved paying tax, because I am a profound f***ing socialist and I believe we are all in it together. But I am disgusted with HMRC. I am disgusted with HSBC.

And I’m not paying a penny more until those evil bastards go to prison.”

Here’s the story: Emma Thompson and Greg Wise in tax boycott over HSBC scandal.

Offline boatyboy

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Re: HSBC accused of helping Egypt generals stifle dissent
« Reply #4 on: January 05, 2016, 07:04:50 PM »
It is times like this that one really does wonder who’s interest’s David Cameron and George Osborne are protecting. Not holding the banking industry to account in no way helps working people. Have we  not been here before? It is enough to make you vote for another party who do have the hearts and souls of people in mind and not the banking industry whom brought about the financial collapse in 2008.

HSBC escapes action
by City regulator following Swiss tax scandal

Financial Conduct Authority will take no action against bank whose Swiss arm helped clients to evade tax.

HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to evade tax.

The Swiss fine them £28 million. Which of course is a paltry sum to a bank the size of HSBC. ( My words )

Bonuses for Executives that make the rules.


HSBC has given 15 of its top bankers “fixed pay allowance arrangements” worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers’ bonuses.

HSBC internet banking STILL down - and now people are being told they'll be charged £5 for being overdrawn when they're not

Margalicious @dreamofmargate

Two days and no internet banking ‪#hsbc? What is going on?
9:53 AM - 5 Jan 2016 · South East, England, United Kingdom
      3 3 Retweets

Steven Erlanger @StevenErlanger
What is going on the ‪#hsbc online banking? it's been 24 hours now. and no email message of explanation from the bank
9:51 AM - 5 Jan 2016
      3 3 Retweets
7 7 likes

Robopop21 @Robopop21
Mobile app not working either in spite of what ‪@hsbc_uk_help says, massive inconvenience, can accept one day but two days really bad ‪#hsbc
9:51 AM - 5 Jan 2016
      1 1 Retweet
1 1 like

RosyDaffodil @RosyDaffodil
‪#HSBC sort your bloody service out, i doubt very much my credit card co. will take your lack of service as an excuse for late payment
9:32 AM - 5 Jan 2016
1 1 like

Offline shortport

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Re: HSBC accused of helping Egypt generals stifle dissent
« Reply #5 on: January 06, 2016, 12:53:38 AM »
No wonder Jersey is a bigger tax haven than its ever been,they have the clout of the City of London behind them.More mega rich people than ever here and more poor people than ever.0/10.Really? 0% corporation tax.Its bleedin' obvious who that benefits and its not us plebs.