KGB links Parex Bank with Russian Mafia nukes

Posted on January 27, 2013 by admin1

A former KGB agent sent an email to Parex Bank whistleblower John Christmas. While reading about connections with the “Russian mafia” and smuggling “nuclear component,” remember that Parex is fraudulently funded by the EBRD and has been “audited” for many years by Ernst & Young and PWC. Latvian taxpayers should wonder why the highest spending priority of the Latvian government in all of Latvian history was bailing out the shell-company deposits at Parex. The email below is being posted with the permission of the author.

Date: Sat, 26 Jan 2013 08:34:11 +0000
From: xxxxx
Subject: RE: Latvian State Police – referral by Luke Harding
To: xxxxx

Dear John,

Many thanks for your emails, which I found out to be very interesting. In relation to possible exposure of Parex: First of all, apart of yourself, I have completely different background (not financial one) and therefore, my knowledge about Parex an, particularly about its two “main gurus” – Kargin and Krasovitsky – is based on slightly different info. I was familiar with both these ‘geniuses’ since the time when Parex was not a largest bank in Latvia, but when it was a small currency exchange company. At that time, I came across to knowledge that they were heavily involved into money laundry (including ‘legalisation’ of so-called soviet communist party’s secret assets) ops conducted by both the Russian organised crime and Russian security services illegally operating in Baltic region. For instance, I am aware that Parex (Kargin and Krasovitsky) actively used for these ops certain ‘commercial’ firms which were in front of the Russian security services. In addition, I am aware about one illegal deal with participation of Parex (provided cash), when the specific amount of the nuclear component has been smuggled through the territory of Latvia to the West. Secondly, all my further intel I have received regarding Parex, due the nature of my ex-espionage work, was related to that similar “business”. For instance, I am aware they used for their illegal operations some offshore “bank” located in Republic of Nauru, as well as I am aware about one shadowy deal with issuing a fictitious bank guarantee (by Parex Bank) to the representatives of Russian mafia in the amount of 50mlns USD in 1997/98. Based on all the above, I am afraid my expertise about Parex is quiet specific and differ from your own intel. In the given circumstances, please, feel free meeting me so we can discuss the possible effective way whether and how can we work together in the future.

Kind regards,

Boris Karpichkov from London

Here is an article about Mr. Karpichkov:

http://www.guardian.co.uk/world/2012/feb/22/confessions-of-a-kgb-spy

Ventspils, Latvian Prosecutors Office, Gunvor

Posted on October 5, 2012 by admin1

It has been well-known for many years that all of the wealth of Ventspils is going to five individuals: Aivars Lembergs, Olafs Berkis, Olegs Stepanovs, Igors Skoks, and Genadijs Sevcovs.

When the Latvian Prosecutors Office announced in 2007 that it would prosecute Lembergs, Latvians were amazed because it always seemed that the oligarchs were above the law. The prosecution should have been extremely easy because of discoveries of shell-company activities by law enforcement in Austria, Lichtenstein, and Guernsey.

But now in 2012, it is clear that the Lembergs prosecution is not real. He is not in jail. And, he and his friends are still able to take money from the state.

Perhaps most disturbing of all, a company named “Gunvor” is mentioned in this article. Could this be a link to the KGB’s notorious ”Gunvor” in Switzerland?

Article link:

http://media-reading.com/2012/07/27/incredible-prosecutors-office-weak-lembergs/

Pdf in case link goes down:

Gunvor

Sergey Magnitsky, Latvia, money laundering

Posted on September 29, 2012 by admin1

Are you horrified by the murder of Sergey Magnitsky? Are you disgusted by the involvement of Russian government officials in the related theft of hundreds of millions of dollars? Please know that Latvian banks were involved. The Latvian offshore banking system is funded by the EBRD, EU, IMF, and World Bank. Why does the world tolerate this outrageous use of taxpayer money?

The attached letter details the movement of stolen money through the following Latvian banks: AB.LV, Baltic International Bank, Baltic Trust Bank, Paritate Bank, Rietumu Bank, and Trasta Komercbank. All have links with Parex Bank, and all used shell companies from the same “International Overseas Services” that was run by the former Parex chairman. When half of the assets of Parex disappeared in 2008, the EBRD, EU, IMF, and World Bank bailed out the shell-company depositors with a loan that must be paid back by Latvian taxpayers. A large part of the bailed out deposits were re-deposited at AB.LV.

Please read this letter from Brown Rudnick to the Latvian General Prosecutor regarding Latvian banks involved in the Sergey Magnitsky case:

Latvian Complaint signed FULL (2)

Hewlett-Packard, Russian Prosecutors Office

Posted on September 26, 2012 by admin1

The United States announced its settlement with Daimler regarding bribes paid through Latvian banks to Latvian and Russian recipients back in 2010. Germany followed up by announcing an investigation of Hewlett-Packard regarding bribes paid through Latvian banks to Russian recipients.

Now in 2012, Germany has announced that three former Hewlett-Packard managers have been charged with bribery. The bribes facilitated the sale of computers to the Chief Public Prosecutor’s Office of the Russian Federation.

We can now understand why Russian prosecutors tolerate the enormous flow of Russian money through shell-company deposits held with Latvian banks. The prosecutors themselves are receiving some of the money!

Latvian and Russian prosecutors refuse to prosecute the people involved in the Daimler case. Therefore, it seems unlikely that they will prosecute the people involved in the Hewlett-Packard case.

When will the United States and European Union help the people of Latvia and Russia by blacklisting the offshore banks licensed in Latvia?

Here is the article from Business Week:

http://www.businessweek.com/news/2012-09-13/ex-hewlett-packard-managers-charged-in-germany-on-russia-bribery

FATF Suggestion to Whistleblower

Posted on August 17, 2012 by admin1

The Financial Action Task Force (FATF) is an inter-governmental organization based in Paris with a responsibility for fighting money laundering. The FATF maintains lists of “high-risk” and “non-cooperative” countries and, obviously, Latvia should be added to these lists because the Latvian government is controlled by a group of offshore Russian/Ukrainian shell-company banks.

The Latvian people are suffering because these banks are corrupting and bankrupting the country. Europeans, Russians, and Ukrainians are also victims. The FATF could help everyone by pressuring Latvia to close these banks.

Exiled Parex Bank whistleblower John Christmas alerted the FATF to this problem, and the FATF replied that they will do nothing and the whistleblower should ”contact a lawyer.”

Interesting advice! The whistleblower in a multi-billion-euro fraud and money laundering case should “contact a lawyer” to fight the entire Russian/Ukrainian Mafia.

The FATF is not the only taxpayer-funded organization with this attitude. The attitude of Europol, the British FSA, the British SFO, and the German BaFin has been the same. No wonder Europe is being overrun by a financial crime wave.

Here is the FATF email:

FATF

EBRD fraud explained in video

Posted on March 28, 2012 by admin1

This is a video that appeared on Youtube in October 2011.

The European Bank for Reconstruction and Development (EBRD) committed a multi-billion-euro fraud against the whole world by conducting a fake purchase of Parex Bank stock in 2009.

http://www.youtube.com/watch?v=jlqoTPM2LA4

EBRD fraud explained in letter

Posted on March 28, 2012 by admin1

This letter by John Christmas to the British Serious Fraud Office (SFO) explains a multi-billion-euro fraud crime committed by the European Bank for Reconstruction and Development (EBRD) against all of the people in the world.

Specifically, the letter explains the “put option” fraud when the EBRD bought Parex Bank stock from the Latvian government.

This fraud has been censored in the Latvian media. Some attachments to the letter used to be at dissident website Kargins.com, but that was later censored by the Latvian government.

EBRD fraud letter

Alstom, Swiss Federal Prosecutor’s Office, Parex Bank

Posted on March 28, 2012 by admin

On 22 November 2011, the Swiss Federal Prosecutor’s Office announced that it ordered French company Alstom to pay 31 million euros for bribery in Latvia, Tunisia, and Malaysia.

According to the Latvian press, the bribe recipients were Karlis Mikelsons, Aigars Melko, and Gunars Cvetkovs at state energy company Latvenergo.

The Latvian project was financed by Parex Bank, however this fact has been omitted from all Latvian media articles.

The Latvian authorities are refusing to prosecute the bribe recipients and bribe intermediaries.

pdf snapshop from 18 March 2012:

DB Alstom

link if not yet censored by Latvian authorities:

http://www.db.lv/razosana/energetika/sveice-soda-alstom-par-kukuldosana-latvenergo-mikelsonam-melko-un-cvetkovam-248528

AP Bank, Switzerland, Parex Bank, EBRD

Posted on March 28, 2012 by admin

AP Bank was the Swiss subsidiary of Parex Bank.

Parex president Valery Kargin openly said that Parex established a Swiss subsidiary because many deposit clients at Parex wanted to move their deposits to Switzerland when Latvia joined the European Union so that records of the deposits would not be in European Union computers.

As it turned out, there was no reason for Parex depositors to worry. Parex had thousands of offshore shell-company deposits and the European Union has not taken any legal action against the account holders. In fact, European Union taxpayers funded part of the bailout of these accounts.

Parex attempted to sell AP Bank to Latvijas Krajbanka before handing liabilities over to the Latvian taxpayers. The sale was never completed and the public has never been told the reason.

Now in 2012, AP Bank is owned by Parex successor Citadele Bank which is owned by the Latvian government and the European Bank for Reconstruction and Development (EBRD). Interestingly, even though AP Bank is funded with public money, it still offers illegal deposit services.

Specifically, AP Bank offers to open deposit accounts with “foreign banks” in its own name but on behalf of clients. This service is illegal by Latvian law, Swiss law, and the law of (almost every) ”foreign” country as well.

Even though this service is illegal, it has been openly advertised on the AP Bank website for many years.

pdf snapshot from 18 March 2012:

AP Bank

link, if the website has not suddenly been changed:

http://www.apbank.ch/services/deposits.html

United States Department of Justice, Daimler, Parex Bank

Posted on March 28, 2012 by admin1

On 1 April 2010, the United States Department of Justice announced a settlement with Daimler AG of $185 million for paying bribes in Latvia and other countries.

Latvian authorities refuse to prosecute the bribe recipients and intermediaries.

The Latvian media refuses to mention Parex Bank in articles about the Daimler settlement even though Parex financed the transaction.

pdf snapshop:

USDoJ Daimler

link:

http://www.justice.gov/opa/pr/2010/April/10-crm-360.html