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.
In an explosive move, 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 move comes after HSBC was fined £1.2bn for 'turning a blind eye' to large-scale money laundering by drug cartels, terrorists and rogue regimes.
The appointment will be rubber stamped by the prime minister, however, in documents seen by the Daily Mail, David Cameron was advised that ‘while working in government Hartnett had official dealings with HSBC over a number of years'.
While there are no suggestions of wrongdoing, Murray Worthy, from tax avoidance campaigners UK Uncut, said: "I think it is absolutely no surprise for someone who spent so many years cosying up to big business that he has now found himself a very lucrative job at a firm that has itself been embroiled with many cases of tax avoidance."
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