Article: Money laundering gang sentenced to over 100 years, have SR465 million confiscated from them

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Money laundering gang sentenced to over 100 years, have SR465 million confiscated from them

ARAB NEWS, 10 April 2021

RIYADH: A money laundering gang in Saudi Arabia has been sentenced to a total of 106 years in prison and issued a fine of SR1.08 million ($288,000).

Around SR5 million was seized from the gang and nearly SR2 million was confiscated from their bank accounts, Saudi Press Agency (SPA) reported.

Five citizens obtained seven commercial registers to import foodstuffs, opened bank accounts, and handed them over to 16 residents of Arab nationality with the aim of depositing illegal sums of money and transferring them abroad, the Public Prosecution said. Continue reading “Article: Money laundering gang sentenced to over 100 years, have SR465 million confiscated from them”

Article: Deutsche Bank Strikes a Deal on Bribery

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Deutsche Bank Strikes a Deal on Bribery

finews.asia, 11 January 2021

Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million.

Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu Dhabi, China and Italy, according to court papers, with a criminal fine making up two-thirds of the total sum, according to a court hearing in New York.

Prosecutors claim that Deutsche Bank violated the federal Foreign Corrupt Practices Act (FCPA) which prohibits firms with U.S. operations from paying bribes elsewhere. Continue reading “Article: Deutsche Bank Strikes a Deal on Bribery”

Article: Britain’s collusion with radical Islam: Interview with Mark Curtis

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Britain’s collusion with radical Islam: Interview with Mark Curtis

Ian Sinclair, 18 March 2018

A former Research Fellow at Chatham House and the ex-Director of the World Development Movement, British historian Mark Curtis has published several books on UK foreign policy, including 2003’s Web of Deceit: Britain’s Real Role in the World, endorsed by Noam Chomsky and John Pilger. Ian Sinclair asked Curtis about the recently published new edition of his 2010 book Secret Affairs: Britain’s Collusion with Radical Islam.

Ian Sinclair: With the so-called ‘war on terror’ the dominant framework for understanding Western foreign policy since 9/11, the central argument of your book – that Britain has been colluding with radical Islam for decades – will be a shock to many people. Can you give some examples?

Mark Curtis: UK governments – Conservative and Labour – have been colluding for decades with two sets of Islamist actors which have strong connections with each other.

In the first group are the major state sponsors of Islamist terrorism, the two most important of which are key British allies with whom London has long-standing strategic partnerships – Saudi Arabia and Pakistan. The second group includes extremist private movements and organisations whom Britain has worked alongside and sometimes trained and financed, in order to promote specific foreign policy objectives. The roots of this lie in divide and rule policies under colonialism but collusion of this type took off in Afghanistan in the 1980s, when Britain, along with the US, Saudi Arabia and Pakistan, covertly supported the resistance to defeat the Soviet occupation of the country. After the jihad in Afghanistan, Britain had private dealings of one kind or another with militants in various organisations, including Pakistan’s Harkat ul-Ansar, the Libyan Islamic Fighting Group and the Kosovo Liberation Army (KLA), all of which had strong links to Bin Laden’s al-Qaida. Covert actions have been undertaken with these and other forces in Central Asia, North Africa and Eastern Europe.

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