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Corrupt businessmen connected to the President of Algeria getting arrested for money laundering, President resigning after 20 years in power, #ButNothingsHappening theguardian.com/world/2019/apr…
Flight bans, protests, so much more. #ButNothingsHappening aljazeera.com/news/2019/04/a…
Much of the corruption stems from business generated by oil & other extraction industries. We see that same trend everywhere, big oil companies use 'commodities traders' to serve as conduits for bribes laundered through the usual banks. State oil company Sonatrach is key.
One of Sonatrach's partners in corruption, a little Canadian company named SNC-Lavalin. You might recall their name as PM Trudeau relieved, then fired his AG for being unwilling to corruptly drop charges against them. cbc.ca/news/business/…
SNC-Lavalin secured a $1B pipeline contract in Algeria about a decade ago, but it swiftly came under scrutiny for corruption & bribery. theglobeandmail.com/report-on-busi…
Gunvor, a commodity trader owned by a Russian oligarch, has been facing criminal charges with 1 of their managers flipping against them. But they recently tried to sell their business to Sonatrach. Seems holding oil to drive up prices isn't what it was... capitalmarketsinafrica.com/gunvor-is-said…
The Algerian state oil company has been a source of corruption for almost 55 years now. But it seems that so many of their partners are facing charges in Italy, Canada, Switzerland & many places in betwee! fpif.org/algerias-energ…
Of course, I am sure you won't be surprised that there are allegations that oil sales & arms deals when hand in hand. Including allegations against the United Kingdom & BP or British Petroleum. platformlondon.org/p-pressrelease…
You can begin to see how all these scandals tie back to the global money laundering operations. It takes a lot of oil & minerals to generate $2 Trillion dollars in money laundering each year. But a few billion here & a few billion there & suddenly the Swamp creatures help hide it
