PAC calls for Revenue to explain HSBC ‘scandal’

The Revenue Commissioners need to clarify matters surrounding its investigation into the HSBC “scandal”, the Public Accounts Committee has heard.

Sinn Féin deputy leader Mary Lou McDonald called on Revenue to provide a detailed briefing on their investigation into the accounts of over 350 Irish citizens with accounts in the bank’s Swiss operations, held between 2006 and 2007.

Ms McDonald also requested that Revenue officials appear before the committee to explain their investigation which, to date, has recovered €4.55m.