TV News LIES

Wednesday, May 29th

Last update06:31:28 AM GMT

You are here News Energy Big Banks Aided Firm At Center Of International Bribery Scandal

Big Banks Aided Firm At Center Of International Bribery Scandal

E-mail Print PDF

Big BanksNo business can operate without bankers — not even the bribery business.

British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.

Halliburton, KBR and other corporate conglomerates relied on Unaoil to deliver them lucrative contracts with corrupt regimes in oil-rich nations. But without the help of banks like HSBC and Citibank, none of Unaoil’s operations would have been possible.

More...


Most Recent Related Stories...


Biden ending new leases in America's top coal region

Giant truck hauls coal In a pair of controversial environmental decisions, the Biden administration is moving to end all new...

Schumer calls for new government, 'course corrections' by Israel

Chuck Schumer Senate Majority Leader Chuck Schumer is calling for new elections in Israel, describing Prime Minister Benjamin...

US energy industry gas leaks are triple the official figures, study finds

US indsustry gas leaks US oil and natural gas wells, pipelines and compressors are spewing three times the amount of...

‘Smoking gun proof’: fossil fuel industry knew of climate danger as early as 1954, documents show

Fossil fuel industry knew of dangersThe fossil fuel industry funded some of the world’s most foundational climate science as early as...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!