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To: GailA; Fedora; piasa

"Auchi is the single largest principle shareholder in BNP Paribas,"

Wasn't there a recent article stating a large ownership interest in Paribas by Power Corp, Desmarais or other Canadians?


2 posted on 02/23/2005 12:58:01 PM PST by Shermy
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To: Shermy

http://www.newsmax.com/archives/articles/2005/1/17/133225.shtml


"...BNP Paribas

Top among these is the European-based BNP Paribas bank, which the U.N. chose to administer the program and which reportedly received nearly $1 billion for its efforts. Congressional investigators reviewing the bank's actions have discovered broken rules, missing documents and improper transfers by BNP Paribas, which up until now has been assumed to be a French bank.

In fact, BNP Paribas is actually controlled by Power Corporation, an appropriately named Canadian company that has a shocking track record of 'business' relationships with the worst gangsters and tyrannical regimes in the world.

BNP Paribas also has one other distinguishing feature: a direct corporate and familial relationship with the persons running the government of Canada for the last 20 years.

The truth about BNP Paribas and Power Corp. sheds a new light on Canada's seemingly bizarre anti-American foreign policy in the Middle East, in China and elsewhere.

BNP Paribas bank is part of a holding company, Pargesa Holding, which is jointly owned and controlled by the Frère and Desmarais families. Paul Desmarais Sr. is the chairman of the group, while Albert Frère is the vice-chairman. Gerald Frère, Albert's son, is one of three general managers who oversee day-to-day operations, and Paul Desmarais Jr. is also an officer.

Pargesa, and thus Power Corporation and the Canadian Desmarais family, holds a controlling significant stake in TotalFina Elf, the Belgian-French petroleum multinational corporation formed from the merger of Total and Petrofina.

BNP Paribas and TotalFina may have blood-stained corporate histories, but the intimate and intricate connections of Power Corp. to Canada's governing elite raise the truly disturbing questions.

Power Corporation CEO Andre Desmarais is the son-in-law of former Prime Minister Jean Chretien, who went out of his way to oppose U.S. intervention in Iraq, where the family's business interests with the Saddam regime would be jeopardized.

Current Canadian PM Paul Martin is a former Power Corporation employee who made his fortune when he bought Canada Steamship Lines from Power Corp. aided by loans from Power Corp. To this day both CSL and Power are reported to have mutual equity interests in each other.

The most senior foreign affairs/international trade adviser to current Canadian PM Paul Martin is Maurice Strong, former CEO of Power Corp. and a longtime U.N. and Kofi Annan adviser. ..."


3 posted on 02/23/2005 1:00:17 PM PST by Shermy
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To: Shermy

There was but I don't have a link to it yet... there is one problem with the article though- it brings out Shaw who is himself caught up in an unethical deal involving a cell phone company and some bidding via Alaskan natives and when he got called on it he allegedly said he was going crate" Iran Contra 2." He's a guy who was rather forcefully let go from the Pentagon. The pentagon says he was let go because his job was phased out while he claimed he overstepped his authority on that missing explosives/alQaqaa deal and got fired. That's the story, anyway.


14 posted on 02/23/2005 4:47:33 PM PST by piasa (Attitude Adjustments Offered Here Free of Charge)
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To: Shermy; Jim Robinson
According to a May 2004 U.S. Defense Department report to the inspector general, a former financier and close associate of Saddam Hussein, Nadhmi Auchi, has "engaged in unlawful activities" such as bribing "foreign governments and individuals prior to Operation Iraqi Freedom to turn opinion against the American-led mission to remove Saddam Hussein."

Notice that this is a report TO the Inspector General, not FROM the Inspector general, meaning it is a report that has not yet been substantiated. It appears to be the report written by Shaw himself when he was first coming under suspicion for helping his friends' cell phone company land a bid in Iraq.

18 posted on 02/24/2005 5:57:36 AM PST by piasa (Attitude Adjustments Offered Here Free of Charge)
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