HSBC executive pleads not guilty to U.S. charges in forex-related scheme

August 29, 2016 3:41 PM

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NEW YORK Aug 29 A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients.

The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time of his arrest last month was HSBC's global head of foreign exchange cash trading, was entered by his lawyer in the federal court in Brooklyn.

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