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tv   [untitled]    June 8, 2011 1:30pm-2:00pm PDT

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are bringing us your perspective from la panne does that with atticus berry and with the young turks and that is going to do it for our show now for more about r t dot com slash usa follow me on twitter at lauren lyster and you can join us right back here for more news and one half our. culture is the same i understand the military for the most of them would be the new years in the war on drugs has been declared a failure the u.s. government has spent more than two point five trillion dollars fighting this campaign over the past forty. three new the latest in science and signal and from the realms. of the future are covered.
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the same. as today violence is once again flared up the sun these are the images the world has been seeing from the streets of canada. for asians around the day. the lead. gilliam's of dollars are scraping from developing countries to financial safe havens in europe and secret bank accounts bogus companies and offshore zones are
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all in on the act of the mess it's that these people are using their very very traditional mis itself what we call money laundering here sort of the licit schemes to presidents government ministers and moments used to launder money how much money have they been able to tuck away in secret bank accounts then it was five billion dollars mobarak we estimate that at seventy billion to traces the dark fortunes and how can the bankers keep their reputations clean that's a legend tell for you which we had had no i know the most accounts since more than thirty years who compelled swiss bankers to disclose information about their clients will the infamous veil of privacy over the country's bank accounts finally be lifted for good. or.
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bad. but. it seems there is no bank in the house so maybe nobody living in this building the sixteenth district of paris avenue for this is a quiet fashionable neighborhood. is nearby an excellent view of the eiffel tower can be seen from the window the inhabitants of these premises are no ordinary people and they prefer to keep a low profile so you can take pictures here why is that these are embassy grounds. i don't always see ok them. as a matter of fact the building houses no ignitions dogs are simply trying to protect the privacy of
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a big shot staying there. and nonprofit organization should often visit this neighborhood as a new fashion is also known as yet you have to take hers because a lot of african leaders and leaders in the word owns a building or an apartment on this ave claire is lucky this time the owner of the apartments appears to be in demand to who works here tell me that he's here like two three times a year so i know it's not here very very often so that's why it's pretty amazing that he's here right now. shelter activists investigate the shady financial deals of past and present political leaders across the world one of the more recent investigations concerned the money belonging to x. tunisian president ben ali it had been taken out of tunisia and hidden in the european bank accounts. by.
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engineers here itself the search for the next president's money began playing days after he fled the country in january two thousand and eleven however sharper activists started investigating ben ali's finances long before the justin revolution according to the organizations estimates the x. president's family may be worth as much as five billion euros. swiss journalist minutes zaki has spent several years investigating the financial wheeling and dealing with some leaders of the world countries but even she can only get a rough estimates of the fortunes we have here is banal it was five billion dollars . we've estimated that seventy billion serious also the telegraph i say ok. let's went up to one hundred twenty billion it is believed that the family of the libyan leader is africa's richest the gadhafi clan keeps billions of dollars in bank accounts according to
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specialists from the international center for our second coverage all of libya's state run companies have some links to the colonel's family. oil companies such as turmoil are the main asset even swiss customers know whose cattle like cars use. but they belong to. libya most of the early so as. if libyan oil the libyan leader entrusted his son hannibal with fiscal operations in europe gadhafi jr subsequently put himself into a plush hotel in geneva. now what will president wilson it's a. very exclusive and beautiful hotel we have the biggest most expensive years in the europe and only the richest people of the world can stay. in this you would have such clients like a rabid president shakes morning. who. also was asked
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during his trip to switzerland for a mere fifty eight thousand euros a guest in this exclusive hotel gets the looks presidential suite with expensive decorations in the finest taste customers that literally tread on now you can see the floor made of gold where in the restaurant lebanese this is our restaurant was lebanese cuisine was a very luxury design and very refined lebanese traditional cuisine unpleasant incident that took place at this hotel in the summer of two thousand and eight solid relations between the alpine republic and libya for a long time on july fifth swiss police detained runnable khadafi and his pregnant wife and i believe is charged with assaulting and. ask for him to come down to the lobby. he didn't want them to come so they waited for some time
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then they decided to go into the went into. this situation took arrested. the swiss newspaper tribune indigenes printed pictures of both gadhafi jr under arrest and the hotel attendants that were attacked a little found a lawsuit against the newspaper yet the biggest consequence of the incident for switzerland was libya's boycott of economic cooperation in this crisis broke. libya that the libyan authorities have withdrew and we've grown. apart at least or even name part of part of the money towards the positive did this with banks gadhafi and switzerland had a political problem they fell out with each other so there's only five hundred million only in inverted commas five hundred million left in switzerland marc pitt
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professor at basel university has long been tracking money laundering methods in his view the civil war broke out exactly perceived himself as libya's master. for that reason he didn't even bother to disguise the movement of billions of dollars good alfie didn't spend all that much effort to hide the money it was pretty open most of this. like you have these thirty billion in the u.s. they were easily found because they were identified with gadhafi was in most cases leaders of developing countries resort to much more intricate nontransparent schemes as a rule the money goes around the world before landing in anonymous bank accounts in europe. mess it's the these people are using their very very traditional methods of what we call money laundering for instance found
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a company. an offshore company a letterbox company you have a british virgin islands company with a fantasy name this company opens bank accounts for it in cyprus for instance and then you send the money from cyprus through the veil regulated from a big financial center london is very. or in new york. very loose from the nerve. restore him. that's why where we are working. this is phoebe she's the guardian of all the assets that we have found still waiting of course the for more political figure daniel tellus class works for the center for asset recovery he says investigating the financial national nations of x. heads of state takes the meticulousness of a good book keeper rather than the skills of an intelligence officer once you have
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found the money and the accounts you can start to confiscate the money but very often we have problems in finding where the money is so in that situation our country must do everything to trace and locate the assets. daniel tellus class is investigating will become easier following the revolutionary tsunami in north africa. well they were lucian of course the positive impact that it brings in a new government and the government is under pressure to act they cannot forget about the case that in egypt now where millions of people again on the street the walls for follow up action and two days after the mubarak was arrested so it seems to be important the civil society the population at large is also fighting for it is justice trace the way the international center for asset recovery looks for the billions of dollars didn't in europe it will denounce his master classes for investigators from developing countries they're taught how to pinpoint traces of
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money this is done it's true national budgets. well we do make some more requests for example is that money was transferred into another country that would do a move for me to go assistants to that country where questing that is such impossible thing show of liberia has their positive x. and the more dollars in this particular bank in your country and we feel that this money's in the game when they want you to pour through nice on that morning until quite recently money returning to its home country was the exception rather than the rule bankers could only freeze suspicious accounts for a long time but they have no right to send money illicitly taken out of countries back to the national budgets without a request from the new governments but usually it's based on a request by the country. read the explain what we are doing at conferences isn't
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there also we can explain what we can offer about the request as to call them from a country riddled not have the mandate to investigate over their own but many believe the saloon passed in switzerland to nearly two thousand and eleven to make it possible to change the situation in a significant way already there is talk of the notorious flailing banking secrecy being lifted altogether which is something the swiss bankers have always been proud of people away to me on such a new era and age of total financial transparency. wealthy british style. that's not on the right. market dynamics in the. why not what's really happening to the global economy
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with much cause or there are no holds barred look at the global financial headlines tune into. kaiser report on r.t. . download the official ulti application q i phone or i pod touch from the i choose our. lunch on life on the go. video on demand i'll teach my bold colors and r.s.s. feeds now in the palm of your. question on the dot com.
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always aware mysteries are valuable. she booked out the entire hotel he stayed in an enormous room. other rooms were occupied by his servants and bodyguards. your lunda a chambermaid at this love show tell and no idea who the amicable and polite man really was they completely took over the hotel for a month to get on the agenda. i sometimes came across him in the corridor. she always said hello and in general he was a very nice. he was a generous well managed client well you. got double pay for that one of them wanted to buy you a cheese extract tater claude duvalier was the occupants of those fashionable premises with an excellent view of a nearby lake investigators put the sum of money he took out of the country and hundreds of millions of dollars. shows the day it was born in
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haiti and one hundred sixty five he had to leave his country but he has vivid memories of the regime the valley a family established on the island he came to in nineteen. fifty five seven and two years later it was. after. against to our audience there were for a patient and it was very very dangerous to leave. francoise devalue a rule the poorest country of the western hemisphere from one nine hundred fifty seven to nine hundred seventy one he fostered an atmosphere of fear and repression on the island moreover. invented a scheme was unable to his family to amass a fabulous fortune over the course of nearly two decades giovanni a senior masterminded the so-called presidential foundation haitian businessman
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with cutie pound to contribute to it according to various estimates the foundation grew by three million dollars each year after the death of friends who are devalued popularly known as papa doc his son john claude duvalier took his place baby doc pursued his father's policies in all spheres including the financial one. the money we're talking about now in switzerland is the money belonging to sunday sion initiative. which was opened by the by the mother of baby doc and the wife of. and these familiar foundation. owns the money of the family and the foundation simply open a bank account and that's and that's it's a was a bank transfer laundering money under duvalier was much easier than it is today in need of bogus firms nor numerous money transfers were necessary money from the
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state treasury and that received from other countries a c. monetary in asia was transferred to a foundation opened by members of the family of the head of state from there it went to europe. the account was not. in between is that if. your fishel account holder is the vision. we. were it was clear to everyone on the real. divide here for me. in the one nine hundred eighty six to do valley had to flee to europe there he shared his time between paris and the fashionable hotel on the border with switzerland he made several unsuccessful attempts to get access to the multi-million fortunes in norway in swiss banks since the early two thousand switzerland has been vigorously trying to bridge itself with the image of a country whose financial institutions always welcome money without questioning its
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origin that's a legend of hollywood. and we had had naught. accounts since more than thirty years what we have is that we have what we call a number account which part kept your name inside the bank the employee don't see the name of the client but you cannot all count in switzerland without giving your past your. and there is no i don't even pm you are a boa enjoys a good deal of respect in switzerland banking community some time ago he owned a bank he says the pressure experienced by his colleagues in the past few years is purely a part of tough business competition and the reason is very simple is that we are in a business which is profitable and today people who wants to take market share of profitable
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business and i'm a car. not just anglo-saxon but america especially always like to our ply us all outsider. united states does x. . devalue a family money was frozen in bank accounts for nearly a quarter of a century the swiss would dearly like to give the billions back to the people of haiti but under a law that was still in force until recently they couldn't do so without an official request from the new government of the island country a new north came into effect in early two thousand and eleven journalists have dubbed it the devaluate act. now politicians and big time business one will find it difficult to work on accounts from swiss banks the procedure is now much more complicated because presidents government ministers and monarchs belong to a group of so-called politically exposed persons top foreign clients can be denied banking services altogether so if it's the president of the palomar and if it's
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head of a big public company we will not do business which is as a matter of fact ordinary people as well as x. to take as well now have to worry about the confidentiality of their bank accounts in january two thousand and eleven rudolf elmer gave two discs to julian a son to discuss contains information on the bank accounts of several thousand customers it was suggested that the people mentioned on the disks were dodging taxes but i want to do it and they show it. to wiki leaks i think that again if you did thanks in order to thank you investigate it and making a decision on a elmo's actions of course him face to face with a swiss court of law the former bank employee may face serious prison time for
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releasing the confidential data. one of the journalists investigating thefts of secret banking information is yen's brown bush of the financial times the first scandal of this kind broke in germany in two thousand and seven the german government had acquired a disk from anonymous individuals it contained information about germans hiding their money in foreign bank accounts to avoid paying taxes in germany. there were seven hundred or seven hundred seventy german names on it some of the had to go to court all of them had to pay money back in the year two thousand the german state because of this more than one billion of europe back such actions drew a mixed response in germany bankers didn't mince their words saying the german government's behavior was no better than data feeds they find it to shame and a scandal that german or to re t. get away with using the procession of stolen good you know how sharp in
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switzerland if you steal good and then you sell it you go to jail it's a kind switzerland's famous reputation for banks from secrecy that come under attack a few months before that u.s. authorities had pressurised u.b.s. into releasing information about the accounts of thousands of its american customers they were suspected of tax evasion in their home country when did you think the problem with march two thousand i. and it had been ten years that respect exists it had been eroding actively that had been. outperformed by anglo-saxon trusts the journalist minute zacky maintains that banks have been compelled to be more open to the public the fact is that the swiss banking system is losing an undeclared war with anglo-saxon financial institutions the fight with
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bank accounts with a shady past is only an excuse that anglo-saxon killed the swiss in order to prosper themselves on the tax evasion market you know how much is the tax evasion not much money is in that thirteen trillion thirteen thousand billion. undeclared money worldwide it's no longer all swiss bank accounts was. a journalist from the french magazine l'express feels the chain of revolutions in north africa is only just picking up street he's expecting me well even it's in the center of the confidence over stolen funds. maybe it would be the case one day like . the recently our other countries you know tunisia two years ago war one year ago was not a democracy it was a little sheep that one day it we we were normally in the
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it. was according to sure but activists realtors selling real estate in what is known as the dictator's avenue in a prestigious part of paris will experience no drop in the numbers of clients. the schemes used by some leaders of third world countries to hide in the billions of dollars will simply become more intricate. there is still a long way to go before the end of this international clock bust about big dirty bomb. well. the latest in science and technology from.
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the suburbs. a charming here broadcasting live from washington d.c. coming up today on the big picture.
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