US probes Transocean over ties to Burmese drug lords

[ensho]

http://www.mizzima.com/news/world/4248-us-probes-transocean-over-ties-to-burmese-drug-lords-.html


US-Swiss drilling company Tranoscean has admitted it is under investigation by the US Treasury over its “operations in Myanmar ”. The probe comes amid intense public scrutiny since its rig blew up in the Gulf of Mexico.

Since the explosion on Tranoscean’s rig in April caused America’s worst oil spill, the company hired by BP has acknowledged in its latest regulatory 10-Q filing with the Securities and Exchange Commission (SEC) it had “recently received an administrative subpoena” from the Treasury Department’s Office of Foreign Assets Control (OFAC) regarding its “operations in Myanmar ”. The filing was submitted on August 4.

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The subpoena from the US government’s sanctions enforcement division came after Mizzima first reported in May, that Transocean’s US regulatory filings showed the firm was hired late last year to do drilling work in Burmese waters co-owned by a company controlled by Stephen Law, a junta crony businessman alleged by the US government and analysts to be a major drug-money launderer.

-snip-

Mizzima’s report of Transocean’s ties with a blacklisted Burmese narcotics-trafficking clan was picked up in a front page story in The New York Times, which also detailed the firm’s questionable practices in Iran, Norway and Syria.
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well alright

[aquart]

1. Oil is a dirty business.

But so very profitable.

[Poboy]

2. US public probes US government involvement in drug trade.

Who is running/protecting the 'Afghanistan operation' opium fields these days?
Who shipped the cocaine into L.A. in the 80's?
Why does the government insist on drug lords putting their money in the US stock market?


Apparently Transocean is guilty of not paying the MAFIA its tribute.

[ensho]

3. not mafia but neo con - poppie's neo cons

nt