£30m a quarter - for 10 years - was paid to accounts controlled by Bandar at Riggs bank

seemslikeadream

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Sun Jun-10-07 08:53 AM
Original message

£30m a quarter - for 10 years - was paid to accounts controlled by Bandar at Riggs bank

Edited on Sun Jun-10-07 09:08 AM by seemslikeadream

Jonathan Bush's RIGGS BANK

http://www.guardian.co.uk/baefiles/story/0%2C%2C2099077%2C00.html

The Bandar cover-up: who knew what, and when?

Attorney general urged to clarify role in concealing $1bn payments to prince

David Leigh and Rob Evans
Saturday June 9, 2007

....

The Guardian investigation has revealed that:

· The attorney general became aware of these payments because of the SFO inquiry into BAE corruption allegations.

· He recognised the vulnerability of the government to accusations of complicity over a long period in the secret payments.

· There is no dispute that, as reported by the Guardian, the fact of the payments was concealed from the OECD when it demanded explanations for the dropping of the SFO inquiry.

· UK government officials have been exposed as seeking to undermine the OECD process, and complaining that its Swiss chairman has been too outspoken.

· When, before publication, the Guardian originally asked the attorney general's office who was responsible for concealing the information from the OECD, the newspaper was told: "The information presented to the OECD bribery working group ... was prepared by AGO and SFO".

....

Is there anything a bush can't destroy? Founded in 1836,

http://www.sourcewatch.org/index.php?title=Riggs_Bank_N.A.
Riggs Bank N.A., founded in 1836, also called Riggs National Bank, "which provides banking services to most of Washington's foreign embassies and to American consulates worldwide," has been "swept up in controversy. Federal law enforcement officials, Congressional investigators and banking regulators are scouring Riggs accounts in a wide-ranging investigation revolving around the netherworlds of terrorist financing, money laundering and the seamier geopolitics of Big Oil," according to Timothy O'Brien's April 11, 2004, New York Times expose.

In July 2004 it was announced that Riggs was going to be bought out by PNC Financial Services Group, Inc. According to the Washington Post, "All Riggs branches will assume the PNC bank name... Meanwhile, PNC will dispense entirely with all of Riggs's international and embassy banking operations, which led to the problems Riggs faces today." <1>

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jwirr

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Sun Jun-10-07 09:08 AM
Response to Original message

1. Okay, wasn't this the bank that *ss's uncle works for? There was

some mention of it around some other scandal.

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seemslikeadream

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Sun Jun-10-07 09:10 AM
Response to Reply #1

2. Pick a scandal

Edited on Sun Jun-10-07 09:10 AM by seemslikeadream

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elehhhhna

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Sun Jun-10-07 09:46 AM
Response to Original message

3. Bob Dole picked up 8K per week in cash from Riggs for years, too...

Edited on Sun Jun-10-07 09:53 AM by elehhhhna

Bob Dole withdraws $8000 week in cash?
Riggs Affair Sparks 'Suspicious Activity' Alert on Dole

WASHINGTON -- The Riggs National Bank scandal has led to unexpected fallout, including "suspicious activity reports" on former Senate Majority Leader Bob Dole and former Defense Secretary Frank Carlucci, Friday's Wall Street Journal reported.

As often as once a week, Mr. Dole's assistant walks around the corner from his Pennsylvania Avenue office in Washington to a branch of Riggs Bank, where she withdraws as much as $8,000 in cash. For walking-around money, Mr. Dole keeps a wad of $100 bills in the breast pocket of his shirt. "I probably use a credit card four or five times a year," Mr. Dole confesses. "I don't even have a wallet."

Mr. Dole's affinity for cash was of no concern to anyone until recently, when federal regulators pawing through the books of scandal-tarred Riggs spotted the large withdrawals and called them to the attention of management. In short order, the bank filed "suspicious activity reports" on Mr. Dole and another prominent Washington figure, Mr. Carlucci, questioning whether the two men might have violated federal laws against money laundering.

Much, much more here:
http://209.85.165.104/search?q=cache:QN5XH-Y6KOoJ:marc.perkel.com/archives/2004_09.html+bob+dole+cash+riggs+bank&hl=en&ct=clnk&cd=1&gl=us

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seemslikeadream

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Sun Jun-10-07 10:02 AM
Response to Reply #3

4. That was my favorite Riggs story elehhhhna

:hi:

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elehhhhna

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Sun Jun-10-07 10:28 AM
Response to Reply #4

5. mine, too --so far! K&R, btw.

:toast:

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GeorgeGist

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Mon Jun-11-07 06:56 AM
Response to Original message

6. This page has gone missing ...

http://www.sourcewatch.org/index.php?title=Riggs_Bank_N... .
Riggs Bank N.A., founded in 1836, also called Riggs National Bank, "which provides banking services to most of Washington's foreign

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originalpckelly

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Mon Jun-11-07 08:35 AM
Response to Original message

7. Holy shit, I think we've stumbled on to a rats nest of dirty activities...

Edited on Mon Jun-11-07 08:36 AM by originalpckelly

one has to wonder if we aren't using the "bribes" to Bandar as a way to launder money to the Jundallah folks in Iran?

Remember, Sy Hersch said that we funding those groups in a way similar to this.

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SpiralHawk

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Mon Jun-11-07 08:50 AM
Response to Original message

8. Republicons & BFEE = massive corruption

What a bunch of low-life scum they are

Republicons are lacking in all honor

Why do republicons HATE America?

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