Posted on 07/02/2012 12:02:52 PM PDT by lowbridge
A secret business deal between the government of Guinea and a multinational firm with a U.S. partner aided by the Obama administration’s wrongheaded foreign policy could cost American businesses billions. Congress ought to investigate to protect American investors, expose any political shenanigans and prosecute the guilty.
The London Sunday Times first cracked the story June 3 of the secret $25 million loan between an offshore company, Palladino Capital 2, and the cash-strapped West African country. The funds, according to the loan agreement, were to finance the start-up of Guinea’s state mining company, Heritage, but the cash allegedly disappeared and the terms of the loan include a default clause which gives the lender a juicy 30 percent stake of Guinea’s mushrooming mining assets.
A thirty percent share is especially significant given Guinea’s new mining code engineered by advisors billionaire trader George Soros and Palladino’s South African owner Walter Hennig. The 2011 code gives 15 percent of all mining assets to Heritage, including another 20 percent at market rates. That means foreign mining operators forfeit billions of dollars in assets and profits atop an 8 percent customs tax.
(Excerpt) Read more at humanevents.com ...
I'm waiting for the day when an an honest journalist reveals how much censorship is occurring in the Obama media.
Do we have any more information on this?
Bump
“Congress must ask these tough questions to determine the truth. Clearly, the secret deal could hurt American mining businesses, exposes the administration’s wrongheaded foreign policy, and may violate our foreign corruption laws.”
SHEESH! Obama, Clinton same-o, same-o.
It doesn’t matter what Obama does or doesn’t do. It’s primary motive is to destroy American business and defense in any way possible.
Obama takes care of Africa first - it’s the land of his birth.
And if it isn’t, he wishes it was.
Soros Sued by Fellow Billionaire in $10 Billion Mine Brawl
· by libstripper · 13 replies
Bloomberg, L.P ^ | April 14, 2017 | Franz Wild
Companies controlled by Israeli mining magnate Beny Steinmetz sued fellow billionaire George Soros, claiming he cost them at least $10 billion through a defamation campaign that stripped them of rights to an iron ore deposit in Guinea ...
ping
Hmmm...Daniel Och and Dirk Ziff... Democrat donors I hadn’t heard of before.
It appears there is no difference among Obummer and all those corrupt, hideous leaders of the African countries.
They are all evil, they are all the recipients of money that is supposed to be for something else and they all have ABSOLUTELY NO REGARD FOR THEIR COUNTRY OR ITS PEOPLE.
Well, America, we had our “first Black president.”
How’s that workin’ for ya?
Back to bed I go.
Just updating an old thread since there has just been a coup in Guinea and I wonder if Soros and the Biden admin are meddling there again.
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