TV News LIES

Saturday, May 28th

Last update08:23:03 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 administration scraps 3 offshore oil and gas lease sales in Alaska, Gulf of Mexico

Oil leases stoppedThe Biden administration has announced it will ax three planned oil and gas lease sales in the...

Why are US gas prices soaring when America barely uses Russian oil?

Gas prices soar. Why?There's pain at the pump for American drivers as US gas prices soar to record highs. Although...

Biden to release up to 180 million barrels of oil from reserve to drive down gas prices

Gas prices cause Biden to release reservesPresident Joe Biden will order the release of up to 180 million barrels of oil from...

Power restored to Chernobyl nuclear plant, Ukrainian officials say

Power restored to Chernobyl nuclear plant Ukrainian officials said power has been restored to the Chernobyl nuclear power plant on Sunday, after...
 
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!