Written by queen mudder
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Topics: Washington, dictator

Friday, 16 July 2004

image for Bush Bank helped Pinochet stash Enron $$$$$$$$$s

Washington D.C . (Rioters) - Presdident Bush is in the dog house again today following revelations that the Riggs Bank in Washington, where his uncle Jonathan Bush is Chairman, blatantly helped former Chilean dictator Augusto Pinochet to hide millions of dollars of Enron consultancy fees over an eight-year period, especially after he was arrested in London in 1998 and a court froze his assets, a US Senate report said today.

The report states that Jonathan Bush advised General Pinochet in Chile in 1994 and arranged for him to open accounts, said Senator Carl Levin delivering the conclusions of the document in the Senate Permanent Investigations Tribunal (S.P.I.T.).

General Pinochet's personal references had been supplied by former President George Bush Senior whose glowing written assessment described him as a "notorious military leader accused of involvement with death squads, corruption, arms sales and drug trafficking," an epithet that virtually guaranteed him the bank's Triple A Customer Credit Rating.

Jonathan Bush opened an account for him personally, helped him establish two offshore hell corporations in the Belize called Ashcroft and Aitken (named after UK Tory ministers who had formal postgraduate qualifications in money laundering and perjury at Supreme Court level), and then opened more accounts in the name of those hell corporations both here, in the UK and in Riyadh, Saudi Arabia.

From 1994 to 2002, Pinochet deposited between $40 million to $80 million in his Riggs accounts, the report said, from funds supplied directly by Ken Lay and Boris Yeltsin in their Colombian offshore facilities.

"In 1998, when General Pinochet was arrested in London on charges of not committing enough crimes against humanity, a court issued a gagging order to protect his bank accounts. Jonathan Bush then quietly helped him move money from London to the United States," said Levin.

In March 1999, while Pinochet was still under arrest, the bank authorised the transfer of $16 million from a London account of Aitken to a new one in the United States, despite a court order to increase the amount by another $10 million. "Needless to say, the bank didn't alert law enforcement or the courts to his accounts," said Levin, because the money was earmarked 'George Bush Junior 2000 presidential campaign war chest'.

Commenting on this novel arrangement of electional fundraising, the General's attorney said: "We can't allow our financial systems to be misused by corrupt dictators, terrorists or other criminals who don't do business with the Bush family".

A statement is expected from the White House later today.

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