BCCI UK law suit latest: QC savages 'Credit & Cocaine' bank

[emad]

Firing his opening salvo at the litany of gross misfeasance of the Bank of England's supervision of the terrorists', drug-dealers', money-launderers' and arms-proliferators' bank of choice, Gordon Pollock QC said that:

"THE Bank of England was .... a politics-riven bureaucracy obsessed with its self-preservation... “an unsupervised monster on the loose”, gobbling up depositors’ cash..... “spineless, weak, selfish "

<snip>: http://www.timesonline.co.uk/article/0,,5-962729,00.html

BCCI was “Johnson Matthey writ large”, the “SS Titanic” and “a
disaster waiting to happen”. Brian Gent, deputy head of banking supervision, was “a lonely standard bearer” who argued that BCCI should have been “strangled at birth”.

<snip>

The court was told that the Bank’s options were limited. Revoking BCCI’s licence could lead to embarrassing questions about why BCCI had been licensed in the first place. Abedi was “not a man to take reversals lying down” and had powerful friends, including Jimmy Carter, the former US President, and Lord Callaghan of Cardiff, the former Prime Minister. Mr Pollock said that there had been “an absolute determination not to become responsible for the overall supervision of BCCI”.

<snip>


Interesting choice of words: for those unaware of the Johnson Matthey saga of the 1980s, it was the bullion dealing firm from whom £26 million of gold was stolen in a heist at London's Heathrow Airport in late 1983. This is known as the Brinks Mat heist. Various UK felons were eventually convicted and the case officially closed, but not much of the bullion actually recovered.

However, it is widely believed that half of the bullion went missing shortly after it was taken from the airport and that this initiated massive UK gang warfare linked to organised crime and inland operations of the IRA. Subsequently, some of the hallmarked and serial-number encoded ingots were seized by Interpol in Africa and Asia. One person who was detained by police was Jeff Skilling who was found to be carrying a number of these marked ingots when in transit on business supposedly in connection with the African Development Bank. Can't remember how he blagged his way out of that one and will try to find the online link - the story was reported in the 1980s in Africa Economic Digest as well as Middle East Economic Digest, both London-based business publishers.

Of even more interest is the subsequent claim from former London-based BCCI general manager John Hilberry - who has done a deal with the UK Crown Prosecution Service and turned in evidence against both BCCI shareholders, officers and Bank of England supervisors in exchange for a new identity, passport, subsistence allowance etc - that the so-far unprosecuted mastermind of the Brinks Mat heist is one 'Dorothy White' - the natural daughter of Ariel Sharon who ran IRA terrorism operations in mainland UK in the 1970s and 1908s under a cloak of respectability and an assumed name, and is widely believed to be an eminent barrister working in London today, pillar of society and icon of public probity. No prizes for guessing WHO but Shrub WAS slobbered all over in public on many occassions by republican-lovers on his UK state visit in London last November.....

[cosmicdot]

1. How did the US Senate wrap up its investigation?

did anyone go to jail?

Was this what Danny Casolaro called 'the Octopus', and, if so, do you think his death stopped officials from prosecuting the letter of the law against individual bigwigs?

I hope the trials in England will help flush out American collaborators.

[blm]

4. Dem Senate leaders kept Kerry OFF the panel

saying he was TOO hot. He took what he learned and pursued further links leading to IranContra.

When the Senate Dems were ready to stop hearings on the case, Kerry refused to drop it and took what documents he had and sent them to Robert Morgenthau in NY who went after many of the players and caused the closing of BCCI.

[NewYorkerfromMass]

7. Good. He saved some heat for Iowa

where he's positively on fire now!

[seemslikeadream]

2. Jeff Skilling

:wow:

[seemslikeadream]

3. Are her initials CB?

could it be?

[emad]

6. There is a major investigation in the UK at the moment about

how the murderer of two innocent 10 yr olds Jessica and Holly - one IAN HUNTLEY - could have got a job as a school caretaker given he had some 12 years of sex offence complaints against him. Police are conducting an enquiry about why his 'previous' was wiped out of the records under the guise of data protection legislation.

Google has his photo. Match up the parents at your leisure and then ask who has such massive influence as to be able to perpetrate such a perversion of the cause of justice - maybe as part of 'the special relationship' between two warmongering heads of state?

[RainDog]

8. informative article

about what police knew but did nothing about regarding this Ian guy. there's also a pic of him at this article site.

I have no idea who he looks like...a million other people. He called himself "Ian Nixon" at times... now THAT boggles the mind... he was born in 1974...maybe he's the demon seed manifestation of all the evil of the fascists who emerged from the dungpile of history and have steadily taken over since any honest airing of their deeds was quashed with Nixon's resignation and Ford's pardon.


http://www.channel4.com/news/2003/12/week_3/17_huntley.html



What do you think? Join the discussion in our forum
Who is Ian Huntley?
Crime

Published: 17-Dec-2003
By: Carl Dinnen

HUMBERSIDE POLICE - WHAT THEY KNEW:

In fact Humberside Police turned out to know a lot more about Ian Huntley. In all the authorities had come across him eleven times during his years in Grimsby. These are the allegations;

* 1. August 1995. Unlawful sex with a 15 year old girl. She refused to make a complaint.

* 2. November 1995. Burglary. It was allowed to lie on file. Cambridgshire Police should have spotted this on the Police National Computer. They entered the wrong name.

* 3. March 1996. Non payment of a TV licence and failure to appear at court.

* 4. April 1996. Unlawful sex with an under aged girl. Social Services dropped the case after the girl avoided them, the police were not involved.

* 5. May 1996. Unlawful sex with a 13 year old girl. She refused to make a complaint.

* 6. May 1996. Another count of underage sex with a girl, who again refused to complain.

* 7. September 1997. An eleven year old girl subjected to a serious sexual assault and a threat to kill in Grimsby. She didn't complain until nearly a year later and no further action was taken.

* 8. April 1998. An 18 year old woman is raped returning from a nightclub.

* 9. May 1998. An 18 year old woman is raped returning from a nightclub and threatened with murder - this is the attack in the alleyway.

* 10. February 1999. A seventeen year old girl is raped returning from a nightclub. Huntley claimed it was consensual.

* 11. July 1999. A seventeen year old girl is raped returning from a nightclub. She later said she thought Huntley wasn't the attacker.


None of these resulted in Convictions or Cautions. And when Huntley applied for the job of school caretaker and background checks were made they came back saying 'no trace'.

[seemslikeadream]

9. Here's a picture of him with his "dad"

http://www.thesun.co.uk/article/0,,2-2004012675,00.html

[Octafish]

5. Such an honest man, for a modern repuglian. Here're some more...

... involved with the ENRON to BCCI connection. Pug Wynokur, for one. And here's info from one whom I hope testifies in any and all BCCI related litigation:

Smug Pug:
Stealing Enron

The Real Deal With Catherine Austin Fitts

EXCERPT...

On May 7th, 2002, Herbert S. Winokur, Jr., Chairman of the Enron Finance Committee, testified before the Senate Committee on Governmental Affairs in a hearing titled "The Role of the Board of Directors in Enron's Collapse." Mr. Winokur's comments and opening statement covered the board's role, off shore partnerships, his role in the special board committee, the Powers Committee, as well as Enron's illegal trading activities in the California energy markets.

The May 7th testimony was interesting in terms of linkages between the "privatization" efforts of Enron in California that showed remarkable similarities with other "privatization and deregulation" activities of Enron and other companies of which Mr. Winokur and his partners are investors or board members.

SNIP...

The report raises sufficient questions to merit a serious investigation as to whether Harvard Management personnel and/or one of the funds that manages money for Harvard, Highfields Capital, engaged in insider trading or were complicit in a "pump and dump" fraud scheme in connection with Enron securities and offshore partnerships. Highfields was established by a Harvard Management employee and is reported in Harvard's tax return to be its largest vendor, paid approximately $30MM in one year. Enron's former CEO, Jeff Skilling, is a former partner of Ron Daniels, Harvard's Treasurer who manages Harvard Management. Pug Winokur was a member of the Harvard Corporation while serving as Enron's Finance Chairman and has intimate dealings with Harvard Endowment though the investment activities of Pug's company, Capricorn Holdings that co-invests with Harvard. Whether or not Harvard Endowment is an investor in any of Capricorn's investment partnerships is a question that cries out for some sunshine.

Harvard Watch's report illuminated Pug Winokur "yah-yah" in a most gracious and complete way. Subsequently, Winokur "resigned" from the Harvard Corporation. Harvard's President Summers is also implicated in Enron fraud as well as $3.3 trillion of missing money and gold manipulations at the US Treasury and questionable "privatisations" in Russia and elsewhere. Not surprisingly Summers said goodbye to Winokur through the press in a manner that was cool to say the least.<3> Syndicate players like Harvard Endowment need quiet frauds that do not threaten their tax exemption or their "brand". Their need for quiet is an opportunity to use illumination to get our money back. Harvard Watch has demonstrated what one small group of volunteers can do. Imagine the cumulative effect of many such groups?

CONTINUED ...

http://www.scoop.co.nz/mason/archive/scoop/stories/2d/cc/200206050039.c309ccd4.html

One of my own personal favorites is one Wendy Gramm:

(Kerry subcommittee's BCCI report, no copyright problems)


CAPCOM

Introduction

In the entire BCCI affair, perhaps no entity is more mysterious and yet more central to BCCI's collapse and criminality than Capcom, a London and Chicago based commodities futures firm which operated between 1984 and 1988. Capcom is vital to understanding BCCI because BCCI's top management and most important Saudi shareholders were involved with the firm. Moreover, Capcom moved huge amounts of money -- billions of dollars -- which passed through the future's markets in a largely anonymous fashion.

Capcom was created by the former head of BCCI's Treasury Department, Ziauddin Ali Akbar, who capitalized it with funds from BCCI and BCCI customers. The company was staffed, primarily, by former BCCI bankers, many of whom had worked with Akbar in Oman and few of whom had any experience in the commodities markets. The major investors in the company were almost exclusively Saudi and were largely controlled by Sheik AR Khalil, the chief of Saudi intelligence. Additionally, the company employed many of the same practices as BCCI, especially the use of nominees and front companies to disguise ownership and the movement of money. Four Americans, Larry Romrell, Robert Magness, Kerry Fox and Robert Powell -- none of whom had any experience or expertise in the commodities markets -- played important and varied roles as frontmen.

While the Subcommittee has been able to piece together the history of Capcom and can point to many unusual and even criminal acts committed by the firm, it still has not been able to determine satisfactorily the reason Capcom was created and the purposes it served for the various parties connected to the BCCI scandal. It appears from the available evidence that Akbar, BCCI, and the Saudis all may have pursued different goals through Capcom, including:

-- misappropriation of BCCI assets for personal enrichment.

-- laundering billions of dollars from the Middle East to the US and other parts of the world.

-- siphoning off assets from BCCI to create a safe haven for them outside of the official BCCI empire.

SNIP...


Despite suspicions about highly unusual transactions, CFTC Chairperson Wendy Gramm told the Subcommittee:

In terms of finding trading violations or Commodity Exchange Act violations that perhaps could support money laundering, we did not find any discernible pattern...o one has ben able to --at least other law enforcement officials have not been able to find money laundering in Capcom US, to our knowledge, as of now.(133)

Money laundering, as Chairperson Gramm testified, is not even a violation of the Commodities Futures Trading Act. Incredibly, it appears that the CFTC and the self-regulatory organizations have never even made a criminal referral for possible money laundering:

Senator Kerry. ave you ever specifically referred, or have any of the exchanges ever made a criminal referral for money laundering?

Dr. Gramm. We have raised concerns.

Senator Kerry. Have you made a criminal referral for money laundering?

Dr. Gramm. No. Not-- not specifically in that regard...

Continued...

http://www.fas.org/irp/congress/1992_rpt/bcci/21capcom.htm

[gandalf]

10. Please keep us informed

on the BCCI story. Thank you.

[emad]

11. Posting about this on Gen discussion at:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=1015941&mesg_id=1015941