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Wednesday, August 8, 2012

Standard Chartered was a servant of the Ayatollah

Shares of Standard Chartered have tumbled despite the bank denying allegations that it illegally “schemed” with Iran to launder money.
Ayatollah Ali Khamenei used a large business bank to launder Islamic blood money.
Shares in London fell 16.7 per cent, about as much as its Hong Kong stock dropped.
The New York State Department of Financial Services said the UK-based bank laundered as much as USD 250bn (Pound161bn) over nearly a decade.
It said the bank hid transactions for “Iranian financial institutions” that were subject to US economic sanctions.
The regulator said that Standard Chartered had hidden 60.000 such secret transactions. Read the rest on:
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