PPP KINGDOM

PPP KINGDOM

CLEARSTREAM ACCUSED IN 2001 BOOK CALLED “REVELATION$” AS A HUGE MONEY LAUNDERING + TAX EVASION MACHINE

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http://en.wikipedia.org/wiki/Clearstream

Clearstream was criticized for allowing banks to move money undetected and was accused of involvements in a number of cases involving money laundering and tax evasion. Two notable cases have become known as the Clearstream Affair which started with the release of the book Revelation$ by the investigative reporter Denis Robert and, ex-Clearsream executive, Ernest Backes and the Second Clearstream Affair which was started in 2004 when anonymous denunciations were sent to magistrate Renaud Van Ruymbeke accusing a number of major French political figures of having received kickbacks.


http://www.bookrags.com/wiki/Clearstream

In 2001, investigative reporter Denis Robert and Ernest backes, an executive at Clearstream until May1983, published a book, Revelation$ in which they alleged Clearstream played a major part in the underground economy, was a main platform for money laundering for hundreds of banks, and “operated hundreds of confidential accounts for banks so they could move money undetected,” according to Business Week.

After the initiation of an investigation in Luxembourg, on suspicion of money laundering, tax evasion, and other fraud, Clearstream’s CEO, André Lussi, resigned

Best Regards,

FINANCIAL WARRIOR

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