Archive for the 'Enron' Category
France & UK Ignore Corporate Bribery: One Hand Launders the Other
Inter Press Service (IPS), Dec 29, 2006
Investigators find evidence that Siemens (German electronics & engineering firm), Total (French oil company), and BAE (British arms conglomerate) paid multi-millions of dollars in bribes through bank accounts in Switzerland and other offshore centers.
France and the UK argue “national security” to block inquiries. Concern is more likely the “security” of top officials who got kickbacks.
Spain’s discovery that funding for Basque terrorist group ETA goes through tax havens is dramatic proof that “national security” lies not in protecting but in dismantling the global offshore secrecy network.
Enron, Like Al Qaeda, Hid Money Offshore
Pacific News Service, Jan 18, 2002
How did Enron executives cause the world’s biggest bankruptcy while making off with millions? By using the same secret money system used by terrorists and financial swindlers — an offshore financial system that U.S. officials must rein in.
NEW YORK–How did top executives of Enron do it? How did they cause the world’s biggest bankruptcy while making off with millions of dollars?
They used the same financial tools as Osama bin Laden.
Enron’s Offshore Game Bares Sinister System
New York Daily News, Jan 18, 2002
Top executives of Enron caused the world’s biggest bankruptcy while making off with millions of dollars by using the same financial tools as Osama Bin Laden.
The Bush administration knew right where to look when it wanted to shut down Bin Laden’s financial network — offshore secrecy havens. The system moves money for people with something to hide. Sometimes they are terrorists. Sometimes they are financial swindlers.
U.S. investigators had to use muscle to get the Bin Laden information. When a Bahamas bank refused to open its records, the U.S. had it cut off from the world’s wire transfer systems and the bank changed its mind within hours. Offshore revelations on Enron should make the public and policymakers question the continued existence of the world’s financial services system for criminals.
How Enron used the offshore system to hide millions
San Diego Union, Jan 23, 2000
How did top executives of Enron do it? How did they cause the world’s biggest bankruptcy while making off with millions of dollars?
They used the same financial tools as Osama bin Laden.
To attack the Osama bin Laden financial network, the Bush administration knew right where to look – in “offshore” secrecy havens, including the Bahamas, Switzerland, Luxembourg, Dubai and Panama.
BCCI and the Bushes
Lucy Komisar writes about the criminal offshore bank BCCI and the way it connected the Bushes, the Saudis, Saddam and Osama bin Laden 
in her chapter, “BCCI’s Double Game: Banking on America, Banking on Jihad,” in ”A Game As Old As Empire.”
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