HM Revenue & Customs has yet to contact City of London Police over an investigation into HSBC-aided tax evasion despite claims it would meet “relevant authorities” over the affair.
Speaking to the House of Commons Public Accounts Committee last week, HMRC director general of enforcement Jennie Granger said the taxman would be meeting law enforcement bodies to discuss further investigation into a list of 1,100 HSBC Swiss private bank clients.
Quizzed by MP Stephen Phillips on whether HMRC, the Serious Fraud Office or the City of London Police would be drawn into the investigation, Granger said she planned to expand the probe, including examining whether money laundering may have occurred.
She said: “If there is the potential, we will call together the relevant authorities—in fact, we will be meeting them later this week—and share with them what we already have once we have formally confirmed with the French exactly how we are going to widen the scope.”
However, a City of London Police spokesman told Money Marketing the force had yet to be contacted by HMRC as of 6pm on Monday.
An SFO spokesman was unable to confirm whether the body had met with HMRC.
He says: “I don’t believe the meetings have taken place just yet, and if they have they are at a very early stage. It’s very early days and any meetings that have taken place would be very preliminary.”
The news comes shortly after the FCA confirmed it had joined the investigation, pledging to “work closely” with HSBC and other interested agencies.
An HMRC spokesman declined to comment.