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HSBC boss to face grilling

MPs call Gulliver to answer questions on tax controversy

Stuart GulliverHSBC chief executive Stuart Gulliver will appear before MPs today to respond to questions on the bank’s controversial activities in Switzerland.

Hong Kong-based Mr Gulliver will give evidence alongside chairman Douglas Flint on the bank’s practice of advising clients how to avoid tax.

Mr Gulliver is expected to be quizzed particularly about his personal banking arrangements which involved a Swiss bank account.

It is understood that the Treasury Select Committee’s allocated time to question the two bankers has been extended from 45 minutes to two hours.

They will follow Lin Homer, chief executive of HM Revenue & Customs who will have to explain why there have been so few prosecutions for tax dodging.

Mr Gulliver and Mr Flint are expected to repeat the apologetic comments contained in statements on Monday accompanying the bank’s annual results.

MPs, however, are certain to request a more detailed explanation of what they knew and how the bank is managing its advisory practices.

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