HSBC chief executive ‘sheltered £5million of his money in bank’s Swiss arm at centre of tax avoidance scandal’

‘The chief executive of crisis-hit HSBC sheltered millions of pounds in a Swiss bank account, it was claimed last night.

Leaked files reportedly show that Stuart Gulliver held £5million in the bank’s Geneva-based subsidiary that was at the centre of a huge tax avoidance scandal.

The 55-year-old’s bonuses were paid through an anonymous company registered in Panama to a Swiss account until 2003, according to the Guardian.’

Read more: HSBC chief executive 'sheltered £5million of his money in bank's Swiss arm at centre of tax avoidance scandal'