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Reply #76: Speaking of Weed: Bush Plant in Mexico Blooms Big Time Cash Flow [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-05 08:59 PM
Response to Reply #73
76. Speaking of Weed: Bush Plant in Mexico Blooms Big Time Cash Flow
In Alabama, custom dictates only male property owners wear cowboy hats.



Follow the Money to Citibank

by Antonio Jaquez
Proceso (liberal newsmagazine), Mexico City, Mexico, March 25, 2001
World Press Review June 2001

On the morning of March 1, 1995, there was panic on the 17th floor of the Citicorp-Citibank building in New York City. Alarmed Citibank executives read the top story on the front pages of that day's newspapers: Raul Salinas de Gortari had been arrested the day before in Mexico. They knew it was only a matter of time before investigators would arrive and begin to ask questions about the deposits made by Raul Salinas at Citibank.

Around that time, Citibank of New York was transferring Juarez drug cartel money to Uruguay and Argentina, where Mexican drug lord Amado Carrillo Fuentes and his associates went calmly about their business, with help from local politicians and businessmen. Not long after, investigations would reveal that in 1998-99, more than $300 million belonging to Mexican drug traffickers went through Citibank.

These converging events are the crux of Ojos vendados (Blindfolded) by Andres Oppenheimer , which digs deep into the role of transnational corporations and the U.S. government in corruption scandals in Latin America.

Oppenheimer says the thesis emerging from these histories is that the fight against corruption must be globalized. In other words, "Mexico can establish all the commissions it wants....But if Raul Salinas can go to Citibank of New York and deposit $120 million without being asked any uncomfortable questions, there will be no end to corruption."

He is confident, however, that things are improving. "The scandal that erupted from the millions...deposited by Raul Salinas forced Citibank to adopt radical measures....Today it's not very likely that Citibank would accept huge deposits from a brother of a Mexican politician. So, there's progress, and I hope there will be more."

Ojos vendados may read like a novel, but it is based on reliable documents and testimonies gathered in five countries over a four-year period. In addition to tying up loose ends and reconstructing events, the book contains some revelations. One is that U.S. district attorneys extended the inquiry into the Raul Salinas-Citibank connection by two years, with the objective of presenting criminal charges against the bank. And, among U.S. Senate papers, Oppenheimer found evidence of a $20 million deposit by Carlos Salinas.

According to testimony by Juan Miguel Ponce Edmonson, head of Mexico's Interpol, Argentina's federal police had been alerted in June 1997 that Eduardo Gonzalez Quirarte was in Buenos Aires. "From that moment on," narrates Oppenheimer, "Mexico bombarded Argentine authorities with requests to help locate Mexican drug traffickers in the country... Argentine authorities did not do much"- whether from lack of interest or, as Ponce suspects, because the Argentine government did not want the presence of drug traffickers to become public.

CONTINUED...

http://www.thirdworldtraveler.com/Banks/FollowMoney_Citibank.html

Remember Lenny Bruce's "Stamp Help Out"? It's like that.
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