Malapapa wrote:Latest letter to the UK FSA...Dear [FSA legal representative]
HSBC and the 'TRNC'
Further to your letter dated 10 March 2010, requesting particular examples which support my concerns regarding HSBC failing to respect the legal regime in the Republic of Cyprus, here is a link to a website set up by Aga Buyers Action Group (ABAG):
http://latchfords.spaces.live.com/defau ... =791402290
ABAG is a group of Britons who have fallen foul of fraudulent property schemes in the 'TRNC'. ABAG state that HSBC, amongst other businesses, have enjoyed commercial gain from their loss. The statement below appears in a post dated 18 February 2010:
"They are actively enjoying commercial gain from this act. For example, REMAX Estate Agents, but to name a few, the HSBC bank and other banks to which we paid our monies located in the U.S. & the U.K. aid, assist and benefit from the fraudulent property schemes of the pseudo state TRNC which seeks to harm and interfere (nicked our monies !) ."
The post describes the class action ABAG, together with a number of other British victims of financial crime in the 'TRNC', is taking in the US courts against Turkey under the Racketeer Influenced and Corrupt Organisations Act (RICO). It gives a disturbing insight into the level of corruption in the 'TRNC', with which HSBC, in operating there, is almost certainly involved. You may also find details of the ABAG US lawsuit of interest:
http://latchfords.spaces.live.com/blog/ ... 2275.entry
The entire economy of the 'TRNC' is founded on stolen assets. Quite apart from HSBC's inevitable direct involvement in financial crime, as a leading UK-based global bank, its very presence in the 'TRNC' lends a misleading veneer of respectability to a fundamentally criminal market where many Britons have been unscrupulously defrauded of their life savings.
I trust I have provided sufficient information for you to initiate an investigation into HSBC's activities in the 'TRNC' under the FSA's consolidated supervision. By not taking action the FSA will be willfully turning a blind eye to financial crime, a clear breach of the FSA's fifth statutory objective.
Further, given the UK's clear obligations, under the Treaty of Guarantee relating to Cyprus, to prohibit all activity having the object of promoting directly or indirectly the partition of the island, the FSA, as a governmental agency, has a clear duty to prevent HSBC from flouting the laws, regulatory regime and legitimate interests of the Republic of Cyprus by operating under the ambit of the illegal and breakaway 'TRNC'.
I am taking the liberty of copying this email to my MP, who has taken a keen interest in this matter on my behalf, as well as other concerned UK citizens in the constituency; all victims of crimes – financial or otherwise – that continue to be perpetrated in the northern part of Cyprus.
Yours sincerely
Malapapa
I noticed you omitted to mention ALL TC properties/land/buildings in the RoC being used illegally by GCs with the 'blessings' of their lawful owners.
