Friday, July 01, 2011

Cầm quyền Độc Tài Gadhafi Tẩu Tán Tài Sản ?_ HSBC's Libya links questioned after second leak

HSBC's Libya links questioned after second leak

The leak of a second document from the Libyan Investment Authority has again raised questions about HSBC's links with the North African country's regime.


A document showing the holdings of the Libyan Investment Authority revealed the regime deposited more than $1.1bn with HSBC in the three months to the end of September last year.

By Harry Wilson, Banking Correspondent
5:45AM BST 01 Jul 2011
1 Comment

A document showing the holdings of the Libyan Investment Authority (LIA) revealed the regime deposited more than $1.1bn (£685m) with HSBC in the three months to the end of September last year, making the British lender its largest foreign banker.

The links between banks – including HSBC – and the Libyan government have become the subject of a joint US/UK inquiry as prosecutors investigate whether bribes were paid in relation to transactions with sovereign wealth funds.

Richard Alderman, director of the Serious Fraud Office, said in an interview with Bloomberg that the organisation was in talks with its US counterparts about allegations of bribery.

Documents leaked to pressure group Global Witness show the dealings of major international banks with the LIA, which had assets at the end of September of $64bn.

A second investment presentation released today shows that the LIA increased the amount of money it held on deposit with HSBC from $293m at the end of June last year to $1.42bn three months later.

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Just over $1bn of Libyan money was held in an HSBC "liquidity account" as of the end of September, while a further $395m was held by the bank's Luxembourg branch.

A spokesman for HSBC said: "HSBC has stringent policies and procedures for countering bribery and corruption in all the jurisdictions in which it operates. These apply to dealings with government entities, private organisations and individuals."

The latest document, which follows the leaking in May of another LIA investment memorandum, highlights the poor performance of many of the country's investments.

A $300m investment in a fund run by US alternative asset manager Permal saw the LIA pay out $27m in fees despite it losing 40pc of its value.

The investment is criticised in the presentation, described as "very high fees for no value" and "very poor structure and management".

Another $300m investment with Swiss wealth manager NotzStucki performed marginally better, losing 18pc of its value while the LIA paid out $5m in fees.


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Showing 1 comments

Gary Fitton

54 minutes ago
Shouldn't we be questioning Nu Labours Links first since they sucked up to him? Oops sorry I forgot politicians can commit as many crimes as they want with total immunity. Just look at Mr Shred it for proof or Mr tippex.

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Các anh chị có suy nghĩ, ý kiến, nhận đinh gì qua bai viết "HSBC's Libya links questioned after second leak" ?

Các anh chị có ý kiến gì qua "nhận xét" từ "comment" trên của độc giả Gary Fitton :

"... politicians can commit as many crimes as they want with total immunity." ???

Hầu hết những cầm quyền độc tài khi bị dân chúng nổi lên LẬT ĐỔ đều lòi ra những tài sản khổng lồ đã được "tẩu tán" ra nước ngoài .

Dân của nhiều quốc gia dưới sự cầm quyền ĐỘC TÀI đều biết, bọn "cầm quyền" của họ đã CƯỚP của họ, đã sống đế vương trên xương máu của họ, còn thừa mứa gởi những tài sản đã CƯỚP đó ra ngọai quốc là những kẻ đã gây TỘI ÁC, những kẻ làm TỘI ÁC phải bị xét xử công bằng và đền tội một cách xứng đáng với TỘI ÁC đã làm.

Cũng vậy, khi quốc dân VN đồng đứng lên tuyên án bè lũ Việt gian csVN là bè lũ phản quốc CƯỚP NƯỚC diệt chủng BÁN NƯỚC thì bè lũ phản quốc CƯỚP NƯỚC diệt chủng BÁN NƯỚC ĐỘC tài ĐỘC đảng ĐỘC hiểm tàn bạo Việt gian csVN này phải trả lại tất cả những gì chúng đã CƯỚP của dân VN và đền TỘI ÁC tầy trời chúng đã gây ra cho dân tộc VN .


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conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
01072011

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CSVN là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là đồng lõa với TỘI ÁC

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