Black Money

n Black Money, Frontline correspondent Lowell Bergman investigates this shadowy side of international business, shedding light on multinational companies that have routinely made secret payments — often referred to as “black money” — to win billions in business. “The thing about black money is you can claim it’s being used for all kinds of things,” the British reporter David Leigh tells Bergman. “You get pots of black money that nobody sees, nobody has to account for, … you can do anything you like with. Mostly what happens with black money is people steal it because they can.”

Leigh knows. In his groundbreaking reporting for The Guardian newspaper, he helped uncover one of the biggest and most complicated cases currently under investigation — a story involving a British aerospace giant, the Saudi royal family, and an $80 billion international arms deal known as Al Yamamah, or “The Dove” in Arabic. “If there was one person who was the main man behind this arms deal, it turned out it was the U.S. ambassador, Prince Bandar bin Sultan,” says Leigh.

It all started back in 1985, when the charismatic Prince Bandar was put in charge of acquiring new fighter jets for the Saudi Arabian air force. The Israeli lobby in Congress reportedly stood in the way of the United States making a deal with the Saudis, so President Ronald Reagan sent Bandar to the British. The prince approached a willing Prime Minister Margaret Thatcher, and they sealed the massive deal between the United Kingdom, BAE Systems (formerly British Aerospace) and the Royal Saudi Air Force. Конечно целью абсолютного большинства игроков является получение прибыли (выигрыша). Чтобы добиться поставленной цели в казино Вулкан Платинум игрок на начальном этапе должен зарегистрироваться на сайте после чего пополнить свой игровой счет. Сделать это можно разными способами (также, как и вывести средства): с помощью банковских карт, через терминалы, смс, электронные кошельки и разные платежные системы. Такое разнообразие на официальном сайте казино Platinum Vulkan ориентировано на максимальное количество пользователей, так как казино дорожит каждым своим клиентом

Rumors swirled that billions in bribes had changed hands to secure the deal, but British officials denied wrongdoing. “Of course there is suspicion, and of course people are entitled to be suspicious,” says Lord Timothy Bell, who was involved in the deal from the beginning on behalf of the Thatcher government. “But as far as I’m concerned, if the British government … and the Saudi government reached a sovereign agreement over an arms contract that resulted in a tremendous number of jobs in Britain, a great deal of wealth creation in Britain, … and enabled Saudi Arabians to defend themselves, … I think that’s a jolly good contract.”

Join The Conversation

5 Comments / User Reviews

Leave Your Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  1. Awesome post. How long have you ever been running a blog for? It makes me realise that I want to enhance mine rather a lot! Strolling Holidays in Europe

  2. It is really easy to make a payment by way of MyEasyPayment. Bank of America card accounts is accessible 24 hours a day through on the web account access. The site is clean and straightforward to use. MyEasyPayment are dedicated to defending your private information over the internet to keep it secure and confidential.