TV News LIES

Saturday, Dec 16th

Last update05:20:13 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...


Exxon, oil giants team up to reduce methane emissions

Exxon, oilgiants team up to cut emissions ExxonMobil Corp. and seven other energy firms have teamed up to tackle natural gas sector greenhouse...

Whitefish Energy Apologizes to Puerto Rico, San Juan Mayor for Twitter Comments

Whitefish Energy 0 with 2 employees - gets $300m contractWhitefish Energy issued an apology to San Juan Mayor Carmen Yulin Cruz and “everyone in Puerto...

U.S. withdrawal from energy transparency group called strategic

US withdrawal from energy transparency 'strategic' Leaving a transparency initiative on fossil fuels was a mistake, advocates said, but Washington and...

Explosion hits oil rig on Lake Pontchartrain

Oil rigs explodes in Lousiana At least seven people were injured when a large explosion on an oil rig operating in Louisiana’s...
 
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!