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Senior London Telegraph Writer Peter Oborne Quits Over HSBC Allegations
Key Excerpts from Article on Website of The Independent (One of the UK's leading newspapers)
Posted: February 23rd, 2015
http://www.independent.co.uk/news/media/press/peter-oborne-r...
A senior writer at the Daily Telegraph has dramatically quit the newspaper after accusing its owners, the Barclay Brothers, of suppressing reports about the HSBC scandal out of fear of losing advertising revenue. Peter Oborne, the papers chief political commentator and an award-winning author, announced his resignation [and] accused the Telegraph of committing a fraud on readers. Mr Oborne detailed a series of investigations about HSBC, and other financial scandals, which he said executives at the newspaper had closed down. Mr Oborne wrote: From the start of 2013 onwards stories critical of HSBC were discouraged [because] HSBC [had] suspended its advertising with the Telegraph. Its account ... was extremely valuable. HSBC, as one former Telegraph executive told me, is the advertiser you literally cannot afford to offend. Winning back the HSBC advertising account became an urgent priority. It was eventually restored after approximately 12 months. Executives say that Murdoch MacLennan [chief executive of Telegraph Media Group] was determined not to allow any criticism of the international bank. As a result of a 2012 investigation into accounts held by HSBC in Jersey, he claimed: Reporters were ordered to destroy all emails, reports and documents related to the HSBC investigation. I [resigned] as a matter of conscience. The past few years have seen the rise of shadowy executives who determine what truths can and what truths cant be conveyed across the mainstream media."
Note: Oborne's online resignation provides a unique window into some of the ways that big money is used to manipulate the media. Read lots more on HSBC's empire of corruption in a Rolling Stone article by Matt Taibbi. HSBC was founded to service the international drug trade in the 19th century, and launders money for mobsters and terrorists on a massive scale.
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