Tag UBS

Secret Files Expose Offshore Funds ICIJ Story.

International Consortium of Investigative Journalists (ICIJ) was founded in 1997.

Its mission is to expose the polluting industries, transnational crime networks, rogue states, and the actions of powerful figures in business and government.

For details Link is provided at the end of the post.

Most of us know that ill-gotten wealth by all and sundry, which includes lawyers, Doctors, Business houses and of course Politicians.

Thanks to a series of mind boggling scams in India, like 2G,ISRO, CWG,Maharashtra Irrigation,Helicopter and the forerunner Bofors, even a barely literate person knows that the money is being kept in Swiss Banks and that these banks are very secretive about disclosing the identities of their Customers.

Who Runs The World,Banks Caught in Frauds?

Goldman Sachs was bailed out, the Executives had Bonus paid out to them even after bail out and stinging comment of President Obama was met by severe criticism by The Finance Industry!

Deutsche Bank AG (DBK), JPMorgan Chase & Co. (JPM), UBS AG (UBSN) and Depfa Bank Plc were convicted by a Milan judge for their role in overseeing fraud by their bankers in the sale of derivatives to the city of Milan.(Bloomberg .com)

"Barclays boss Bob Diamond has been shamed into giving up his bonus after his bank was fined £290million for trying to rig money markets.
You expect them be honest?

The purport of this post(second part) has something else to bring out altogether

As the post is getting too long I will conclude in the next post and explain who really runs the World and Economy, definitely not the Governments!