At the time of publishing, 62,719 individuals have signed a petition demanding the Government to take action against HSBC bosses regarding the recent tax avoidance scheme allegations.

The petition, which will be sent to Chancellor of the Exchequer, George Osborne, and MP Margaret Hodge, calls for HSBC bosses to be questioned and, if necessary, prosecuted over tax avoidance schemes.

Founder of the petition on the site change.org, Norman Graham, of Denny proclaims that the Public Accounts Committee has the power to call bank bosses, including HSBC Chairman Stephen Green, in for questioning.

“They should do it immediately and the Government should seek prosecutions of those involved in tax avoiding activity,” added Norman.

In Norman’s opinion: “Failure to question bank bosses and pursue prosecutions amounts to a law for the rich and another law for the poor, which is itself an offence to democracy.”

“Governments have made a show of pursuing so-called benefit cheats, often for very small amounts of money when millions of pounds is being lost to wealthy, corporate tax evaders,” said Norman.

So far, 62,059 people have supported the petition, only another 13,918 signatures are required to meet Norman’s target of 75,000.

In regards to the HSBC allegations, on February the 10th HMRC stated that it has worked through all the data and as a result all tax, interest and penalties have been paid by those who hid their assets in Switzerland without paying tax.

The body has collected £135 million in tax, interest and penalties from people on the HSBC Suisse list, according to the HMRC.

In regards to restrictions upon the Suisse list, which was examined by around 300 tax specialists, an HMRC spokesman stated: “HMRC received the HSBC data under very strict conditions, which limited our use of it and prevented us from sharing the data with other law enforcement authorities. The French tax authority has now lifted these restrictions, which allows us to share the data with other law enforcement agencies, and we are now in the process of doing that.”

It was also stated that there will be a Treasury Select Committee hearing on Wednesday this week on the HSBC data, where HMRC Chief Executive Lin Homer will give evidence.

Since April 2010 HMRC has prosecuted more than 2650 individuals for tax crimes.