HONG KONG (June 29): A former Hong Kong lawmaker who fled abroad is questioning why HSBC Holdings Plc continues to freeze his bank accounts, in a case that continues to embroil the London-based lender in the contentious politics of the former British colony. “Six months has passed since HSBC unreasonably froze my accounts and my family’s last year,” Hui wrote. The company ceased publication, after it said officials used the law to block access to its bank accounts. HSBC, which counts Hong Kong as its biggest market, has come under fire from western politicians over freezing Hui’s accounts. In his post, Hui said he received legal advice, suggesting that a police order asking a bank to freeze accounts should be rendered invalid after six months.

Source: The Edge Markets June 29, 2021 07:07 UTC