Saturday, December 18, 2010

Sudan President may have $9 billion with UK bank

Via Wikileaks and Global Witness - this one is a scorcher. US$ 9 billion!
If the cable is correct, this bank would not only be dealing with an indicted war criminal, but "could be in some sense contributing to instability and mistrust in Sudan at the most fragile moment in its history,” warned Palmer.
Lloyds issued the following statement to the Guardian:
"We have absolutely no evidence to suggest there is any connection between Lloyds Banking Group and Mr Bashir. The group's policy is to abide by the legal and regulatory obligations in all jurisdictions in which we operate."
For a more general look at British banks in Africa, take a look at the Nigeria-focused Global Witness report International Thief Thief.


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