A former head of HM Revenue & Customs (HMRC) who stepped down after he was accused by MPs of lying has been hired by HSBC to advise on honesty, according to reports.
The bank has appointed Dave Hartnett, the former head of HMRC, as an adviser to ‘enforce the highest standards' at the firm, the Daily Mail reports. The decision to recruit the 61-year-old is controversial because Hartnett was embroiled in a series of ‘sweetheart deals' with firms such as Goldman Sachs during his time at HMRC. MPs on the influential public administration committee which investigated the deals repeatedly accused Hartnett of lying over a £10m settlement with Goldman Sachs as well as being ‘cavalier' with taxpayers' money. Hartnett left HMRC in December 2011. The m...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
