CHAPTER 9
9-2 Banks and opium
9-2a Quotes
“Banks empires are founded on the opium smuggling of the nineteenth century. ABN-AMRO
(Nederlandse Handel Maatschappij) is an example. Jardine Metheson Bank is a major shareholder
in the Rothschild Empire, but is founded on the opium smuggling. The Boerenleenbank is perhaps
not directly related to opium smuggling, but emaciating of small farmers and amassing huge
agricultural area is more ‘in the nature’ of this bank. The apparently shifting of agricultural land to
developers and their financing with drug money however, is the ideal bridge to the underworld.
All banks are guilty of your hard luck, whether it is interest on non-existent money, funding the drug
mafia or ruin entire nation states like Greece: Banks are unnecessary and counterproductive.”
“The drug mafia does not work without the banking cartel and the banking cartel is doomed without
laundering this capital. The state is a willing servant of both by taking at our expense on their behalf,
the undemocratic legislation and enforcement. Banks and opium - then and now! The evidence is there:
bank fraud is still in full swing! And we thought that we ended up in an ‘inevitable economic crisis’
led by deceivers and bank people with their hypocritical ‘solutions’.”
9-2b Stolen info SBN Offshore mentions $ 250 million fraud and involvement top executives.
Shadow Banking
On the Internet circulates a document with a very detailed report of alleged large-scale bribery done
by the Schiedam billion company SBM Offshore, a supplier to the oil and gas industry. SBM confirms
to Quote that this information comes from within the company. “It is stolen by a former employee who
wanted to blackmail us.”
“A former employee of SBM has posted on the Internet a large amount of information about possible
fraud cases by members of SBM Offshore, which is about bribery of officials in Angola, also Equatorial
Guinea situated in West Africa, Brazil, Malaysia, Iraq, Kazakhstan and Italy. Fragments from transcripts
of ‘shots’ are published as well, showing that (members of) the Board of Directors and (members of)
the Board of Supervisors knew for years about the dishonest practices. The top of the company would
try to hide these things intentionally. $ 250 million would be in total spent on bribes between 2005 and
2011.”
“The text is posted on the English-language Wikipedia page SBM Offshore. It can only be found by
going to the ‘view history’ and then look at October 18, 2013 and February 4, 2014. The ‘bot editors’
of Wikipedia, an automated system that monitors new additions, prevented that the information appeared
on the actual Wikipedia page or been indexed by Google.”
“The spokesman for SBM informs Quote that this information actually comes from the internal investigation
at the company. ‘This information is grabbed illegally by an angry former employee who tried to extort SBM.
We are busy with judicial action against this person. This information is placed out of context. Since the
studies of American and Dutch judiciary are still running, examines where we fully cooperate with, we
cannot response concerning the content’.”
“Although the information is already online in October, SBM is informed of the publication since last week,
according to the spokesman.”
Cover up
“That there is fraud in SBM is not an issue, SBM has already admitted more or less, at least one case
in an unspecified country in West Africa. SBM earlier today confirmed at the presentation of the annual
results that the fraud has been more extensive than assumed.”
“A former employee, mentioned in the writings Former Employee (FE), would have been closely involved
with the internal investigation into the bribery cases between February 2012 and June 2012. FE was a
lawyer, Legal Director for Sales and Marketing and also director of SBM (UK) Limited. FE got trouble with
Compliance Officer Sietze Hepkema, former partner at law firm Allen & Overy, who would like to do
containment of the affairs. ‘Nothing else then a cover-up of major and crucially important elements of the
criminal activities of SBM,’ so the text.”
“FE would have protested against these policies at the current CEO Bruno Chabas. But to him (the
document mentions a ‘he’) they would have told to cooperate in the containment ‘in the way SBM wants’,
otherwise it would be ‘end of story’ for FE. For FE there was no other possibility than leave.”
“The main thing that FE encountered was the bribery of Gabriel Obiang, second son of the president of the
very brutal dictatorship of Equatorial Guinea. Who would have received $ 7.35 million through a company in
the British Virgin Islands. Four other senior members of the West African country were jointly allocated
$ 1.25 million. SBM’s former CEO Tony Mace (from 2008 to 2011 the boss), would have known of this
practices.”
“In Angola unknown amounts had been paid to officials via a Panamanian company between 2005 and
2012. In Brazil $ 139 million would be paid for services to a Brazilian businessman and his group of
companies, of which 2% is paid as bribes to employees of Petrobras, the Brazilian oil company.
The Brazilian was allowed to keep 1% for himself according to the former employee. Striking is that a part
of such payments would have been done by the office of SBM in Houston, something that should not be
taken lightly in the United States.”
Collaboration
“A spokesman for SBM says in the February issue of Quote, which is now in the shop, that SBM is talking
with both American and Dutch Public Prosecution Service. An analyst from ING said earlier that there have
been fraud in Angola or Equatorial Guinea, but if this whistleblower is right, it happens in both countries.
The COO is sent home last November.”
“The Netherlands does not like dealing with bribery by large companies, like we do for ages (you can also
read more about this in the Quote, now in the store). SBM especially should fear of US sanctions.
Companies that are active in the US and bribe people abroad can be prosecuted in the US. Even if it is
for example a British employee of a Dutch multinational who bribes officials in West Africa. Recently
Great Britain has such legislation as well.”
Fine
“ING analyst estimated so far the potential fine at ‘more than $ 100 million’. If it’s true what the whistleblower
reports, it might be many times higher. Philips paid $ 4.5 million fine because it bribed hospital administrators
in Poland for over $ 1 million. A factor of three roughly, which would mean to SBM that the fine would be
$ 750 million.”
“The French oil company Total has been fined $ 398 million because it had been bribed for $ 60 million abroad.
This is a factor of 6.6. Multiply this with a quarter billion and the fine is about $ 1.6 billion. According to the
annual figures for 2013 that were announced Thursday, SBM posted sales of $ 4.8 billion ($ 3.55 billion) and
a net profit of $ 111 million. In 2012 $ 79 million was at a loss.”
Source: Trouw
I admire Trouw for this information because it really shows that it is very wrong in this ‘trade’. That’s why I
place this article in its entirety, so you can read for yourself that much what is mentioned before is still going on.
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