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HSBC's cooperation in probe of Guinean ex-minister may deflect graft fallout

By Toh Han Shih ( May 8, 2017, 09:07 GMT | Insight) -- HSBC has said it cooperated with the US Department of Justice in its investigation of Guinean former minister Mahmoud Thiam for allegedly taking bribes from a Chinese conglomerate headquartered in Hong Kong. The 50-year-old has been convicted in the US of accepting bribes and laundering those bribes through banks including HSBC. HSBC's cooperation means the London-headquartered lender stands a better chance of avoiding punishment by Hong Kong and US authorities. HSBC has said it cooperated with the US Department of Justice in its investigation of Guinean former minister Mahmoud Thiam for allegedly taking bribes from a Chinese conglomerate headquartered in Hong Kong....

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