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Barclays aid Money Laundering

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Barclays aid Money Laundering

Post  Panda on Mon 16 Apr - 20:03



A Nigerian , Ebori , earning £4,000 pa was able to go to Barclays Bank in London , open an account and over a period deposit £1.5 million by handing
over bags of cash with not a murmur from Barclays. The Money was used to buy a House in London,. pay a BRITISH Lawyer to handle his affairs, ,
educate his children in Britain . When questiuoned, Barclays saw no problem with his Account and felt no need to question where the money came from !!!!

The Banking system is so corrupt yet successive Governments are afraid to investigate them for fear they will take their Banks elsewhere.

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Re: Barclays aid Money Laundering

Post  Panda on Tue 17 Apr - 17:06

This is the Guy who deposited large sums of money in cash at Barclays Bank!!!
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17 April 2012 Last updated at 16:30 Share this pageEmail Print Share this page

A former London DIY store cashier who became governor of an oil-rich Nigerian state has been jailed for 13 years for fraud totalling nearly £50m ($77m).

James Ibori, former governor of Delta state, admitted 10 counts of conspiracy to defraud and money laundering.

Southwark Crown Court was told the amount he stole from the people of Delta state was "unquantified".

Ibori, who evaded capture in Nigeria after a mob of supporters attacked police, was arrested in Dubai in 2010.

He was extradited to the UK, where he was prosecuted based on evidence from the Metropolitan Police.

One of the counts Ibori admitted related to a $37m (£23m) fraud pertaining to the sale of Delta State's share in Nigerian privatised phone company company V Mobile.

He was governor of Delta State between May 1999 and May 2007.

Sasha Wass, QC, prosecuting, told the court Ibori "deliberately and systematically" defrauded the people he was elected to represent.

The court heard he came to the UK in the 1980s and worked as a cashier at a Wickes DIY store in Ruislip, north west London.

Continue reading the main story
The rise and fall of James Ibori
1958: Born in Delta state, UK police believe

1980s: Moved to UK

1991: Convicted of stealing from DIY shop Wickes

1992: Convicted of credit card fraud

1993-4: Allies himself to Nigeria's then military ruler Sani Abacha

1999: Elected Delta state governor

2007: Stepped down as governor

2007: UK assets worth $35m frozen

December 2007: Arrested in Nigeria on corruption charges

2009: Nigeria court dismisses charges

April 2010: Ibori's supporters attack police as they try to arrest him

May 2010: Arrested in Dubai

2011: Extradited to UK

2012: Jailed in London

He was convicted in 1991 of stealing from the store but then returned to Nigeria and began his climb up the People's Democratic Party (PDP) network.

When he ran for governor he lied about his date of birth to hide his criminal conviction in the UK - which would have prevented him standing for office.

Ibori, whose address was given as Primrose Hill, north London, claims to be 53 but police in London say he is 49.

He became governor in 1999 but soon began taking money from state coffers.

He bought:

A house in Hampstead, north London, for £2.2m
A property in Shaftesbury, Dorset, for £311,000
A £3.2m mansion in Sandton, near Johannesburg, South Africa
A fleet of armoured Range Rovers valued at £600,000
A £120,000 Bentley
A Mercedes Maybach for 407,000 euros that was shipped direct to his mansion in South Africa
After the hearing Sue Patten, head of the Crown Prosecution Service central fraud group, said it would bid to confiscate the assets Ibori had acquired his riches "at the expense of the some of the poorest people in the world".

International Development Secretary Andrew Mitchell said: "James Ibori's sentence sends a strong and important message to those who seek to use Britain as a refuge for their crimes.

"Corruption is a cancer in developing countries and the coalition government has a zero-tolerance approach to it."

On Monday, the BBC's Newsnight revealed an equity fund backed by the UK Department for International Development's private enterprise arm, CDC Group, was being investigated by Nigerian officials.

It uncovered claims suggesting CDC Group put $47.5m (£29.9m) in to the private fund, which invested in Nigerian companies allegedly linked to Ibori.

DfID said the allegations dated to 2009 and that CDC, which is overseen by Mr Mitchell, always carried out "full and thorough" checks before investing in a fund manager.

CDC had investigated the claims at the time, finding "no indication that British funding had been misused", it said.

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Re: Barclays aid Money Laundering

Post  AnnaEsse on Tue 17 Apr - 17:15

Didn't he do well!

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"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

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Re: Barclays aid Money Laundering

Post  Panda on Tue 17 Apr - 17:20

AnnaEsse wrote:Didn't he do well!

How did a guy who worked for Wickes, sacked for theft , end up in such a prominent position in Nigeria.??? Barclays staff when questioned said they saw nothing untoward about a foreigner depositing large sums of money in carrier bags.????

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Re: Barclays aid Money Laundering

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