Tuesday, August 7, 2012

Standard Chartered share price falls a quarter, wiping £10BILLION from its value, after claims the UK bank laundered billions for Iran and Hezbollah

The British bank accused of hiding £160billion of transfers that helped finance terror groups and Iran's nuclear programme saw its share price plummet by a quarter this morning - wiping £10billion from the stock's value.
Standard Chartered, which is accused of conspiring with Tehran for almost ten years, had already taken a hammering in Hong Kong, where the shares ended 14.9 percent down.
Prices had already dropped six per cent yesterday after the accusations were made just before the close of the London market.

Standard Chartered: The bank is accused of hiding £160billion which helped fund terrorist groups such as Hezbollah and Hamas as well as Iran's nuclear programme
Standard Chartered: The bank is accused of hiding £160billion which helped fund terrorist groups such as Hezbollah and Hamas as well as Iran's nuclear programme

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