Blair McDougall MP, a member of the Foreign Affairs Committee and chairman of the All-Party Parliamentary Group on Hong Kong, said: ‘These are British customers of a British bank who are being denied their life savings.
Criticism: HSBC boss Georges Elhedery appeared to play down concerns over the blocking of pension savings from British nationals who have fled Hong Kong.
The accusations came after boss Georges Elhedery played down concerns over the blocking of pension savings from British nationals who have fled Hong Kong.
Treasury committee member Bobby Dean MP said: ‘It is an absolute scandal that Hong Kongers living in Britain as British nationals are being denied access to money that is rightly theirs.’.
HSBC has refused to hand over the cash, which is held through a compulsory pension scheme known as the Mandatory Provident Fund (MPF), claiming a legal barrier prevents it from paying out the money.
