was some to good advantage of power that was given to the. secrets of big dirty money. wealthy british soil. that's not on the. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines. a report.

back here with you here is a reminder the week's top stories believe in capitals been rocked by nato is having u.s. air strikes since the start of military operations the bombings have reportedly claimed more than thirty lives and led to a growing anger at foreign intervention. moscow agrees to lift a ban on european vegetables if the e.u. can guarantee they are free from the deadly bacteria this surance came from president medvedev during a russia e.u. talks some years also discuss russia's accession to the world trade organization and the situation in libya. also the e.u. prepares a new rescue package for bank robbery sparking massive protests against tougher

cuts in the country there's outrage too in germany were critics say they're tired of paying for other people's debts calling on greece to leave the eurozone. and people here in moscow. and nationwide are celebrating russia day it's twenty years since the country stays asperse pre-presidential actions just one here after declaring independence from the soviet union. those are the top stories of the week next time for a special report where we take a look at how the world's dictators boost their bank accounts illegally stay with us for that. billions of dollars are escaping from developing countries to financial safe havens. and secret bank accounts bogus companies and offshore zones are all in on the act of. these people using their very very traditional methods of work we call money laundering or sort of the licit schemes

to presidents government ministers unmonitored she used to launder money how much money have they been able to talk away in secret bank accounts that was five billion dollars mobarak with the method at seventy billion to traces the dark fortunes and how can the bankers keep their reputations clean. hollywood we had had no. accounts since more than thirty two compels 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.

since there is nobody in the house so maybe nobody is living in this building the sixteenth district of paris avenue for this is a quiet fashionable neighborhood. near by 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 as these are embassy grounds. i don't always see ok them. as a matter of fact the building houses no diplomatic missions the dogs are simply trying to protect the privacy of a big shot staying there. and activists are nonprofit organization sherpa often visits this neighborhood having a fashion's also known as having a dangerous. african leader is leaders in the word

owns a building or an apartment. 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 it's here right now. shelter activists investigate the shady financial deals of past and present political leaders across the world one of the most 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. into newsier itself the search for the next president's money began two days after he fled the country in january two thousand and eleven however should correct to this started investigating ben ali's finances. pollution according to the

organizations estimates the ex president's family may be worth as much as five. minutes zaki spent several years investigating. and dealing some leaders of third world countries but even she gave a rough estimates of the fortunes when a figure was five billion. seventy billion it was serious also the. estimates went up to one hundred. twenty. 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 specialists from the international center for asset recovery all of libya's state run companies have some links to the family. oil companies such as time oil are the main asset even swiss customers know whose

petrol like cars years. but both belong to. libya most of the early fellas with. its libyan oil the libyan leader entrusted his son hannibal with fiscal operations in europe gadhafi jr subsequently booked him selfe into a plush hotel in geneva. the hotel president wilson it's a. very exclusive and beautiful hotel we have the biggest most expensive suit in europe and only the richest people of the world can stay. in this you would have such clients like a red president. who. also was asked during his trip to switzerland for a mere fifty eight thousand euros to get to this exclusive hotel gets the

presidential suite with expensive decorations in the finest taste customers that literally. now you can see the floor made of gold in the restaurant this is our restaurant with lebanese cuisine with a very luxury design and very refined traditional cuisine an 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 the fifth swiss police detained. and his pregnant wife on a bill was charged with assaulting a hotel turned policeman for him to come down to the lobby. he didn't want to come so they waited for some time and then they decided to go into the room so they went into. this situation talk. about.

newspaper. printed pictures of gadhafi jr under arrest and the hotel attendants that were tucked. suit against the newspaper yet the biggest consequence of the incident for switzerland was libya's boycott of economic cooperation this crisis broke out between. the forties have withdrew and. we've grown. apart at least or even named porton part of the money towards the positive in the swiss 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 professor at basel university has long been tracking money laundering methods in his view before civil war broke out gadhafi perceived himself as libya's omnipotent master for that reason he didn't even bother to disguise the movement of billions

of dollars gaddafi didn't spend all that much if it to hide the money it was pretty open most of this. like you have this search. in the us they were easily found because they were identified with gaddafi but 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. yes it's that these people are using their very very traditional methods of what we call money laundering for instance found 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 to the velo regulated big financial centers london the sciri. or new york. from them are. very reassuring. that's why where we are working. this is phoebe she's the guardian of all the assets. we have found still waiting of course the form or. daniel tell as class works for the center for asset recovery he says investigating the financial. heads of state takes the meticulousness of a good book keeper rather than the skills of an intelligence officer once you have found the money. to money but very often we have problems in finding where the money situation a country must do everything to trace the. hopes that

investigating will become easier following the revolutionary tsunami in north africa. that evolution of the positive impact brings in a new government and the government is on the pressure to act they cannot forget about the case in egypt now where millions of people again on the street to all for follow up action two days after mr mubarak was arrested so it seems to be important to the civil society the population at large is also fighting for this justice trace the way the international center for asset recovery looks for the billions of dollars hidden in europe it will denounce his master classes for investigators from developing countries they're taught how to pinpoint traces of money that has vanished from national budgets. we do make for more requests for example is that money was transferred into their country then we do

a system to that country with questing that is certain public wolfie show of liberia has a deposit x. number of dollars in this particular bank in your country and we feel that this money is illegal money so wanting to put off through nice on that money until quite recently money returning to its home country was the exception rather than the rule bank used to only free 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 government but usually it's based on a request by the country. we do explain what we are doing a conference is at their own so we can explain what we can offer about the request has to come from a country we do not have the mandate to investigate on our own but many believe there's a lot passed in switzerland early two thousand and eleven to make it possible to

change the situation in a significant way already there is talk of the new tourist by. banking secrecy being lifted altogether which is something the swiss bankers have always been proud of the fluids and the onset of a new era an age of total financial transparency. twenty years ago its first president. in the midst of colossal change. setting a new direction for a new country. saluting the stand. today.

download the official antti of location on the phone on called touch from the top story. lunch all cheesed life on the go. video on demand on t.v.'s my old costs and already says feeds now in the palm of your. question on the dot com. soon which brightened. evolves from phones to impressions.

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he says where mysteries are valuable. she booked out the entire hotel he stayed in an enormous room. other rooms were occupied by his servants and bodyguards. yolanda the chambermaid at this last show tell had no idea who the amicable and polite man really was they completely took over the hotel for a month. i sometimes came across him in the corridor. she always said hello and in general he was a very nice city he was a generous well managed client. we got double pay for that month. haiti's ecstatic tator claude duvalier was the occupants of those fashionable premises with an excellent view of the nearby lake investigators put the sum of

money he took out of the country and hundreds of millions of dollars. chose the day it was born in haiti in one thousand nine hundred sixty five he had to leave his country but he has vivid memories of the regime that the devalued family established on the island. came to purgatory in nineteen. fifty five seven. two years to us it was. against. their will for oppression and it was very very dangerous to leave. france want to valley a ruled the poorest country of the western hemisphere from one nine hundred fifty seven to nine hundred seventy one he fosters an atmosphere of fear and repression on the island moreover he. invented a scheme that enabled his family to amass a fabulous fortune over the course of nearly two decades duvalle

a senior masterminded the so-called presidential foundation haitian businessmen with duty bound to contribute to it according to various estimates the foundation grew by three million dollars each year after the death of francoise devaluate 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. money we're talking about now in switzerland is the money belonging fund ation initiative which was opened by. by the mother of baby doc and the wife of and this familiar foundation. owns the money of the family and the foundation bank account in switzerland that's it say was bank transfer laundering money and to devalue it was much easier than it is today

needs of bogus firms no numerous money transfers were necessary money from the state treasury and that received from other countries assume on a tarion aid was transferred to a foundation opened by members of the family of the head of state from then it went to europe. the account was not. in between. the oficial account holder is the foundation. foundation however it was clear to everyone. following the nine hundred eighty six two duvalle had to flee to europe then 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 hidden away in swiss banks since the early two thousand

switzerland has been vigorously trying to rid itself of the image of a country whose financial institutions always welcome money without questioning its origin that's a legend of hollywood. and we had had no. accounts since more than thirty years what we have is that we have what we call a number account which part tacked your name inside the bank the employee don't see the name of the client but you cannot open an account in switzerland without giving your passport your region of the front and there is no anonymity pm there are both enjoys a good deal of respect and switzerland's 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 tough business competition and so he is and is very simple is that we are in

a business which is possible and today people who wants to take market share of profitable business and i make are. not just anglo-saxon america especially always like to add us low outside. the united states does. develop 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 to the island country a new or came into effect in early two thousand and eleven journalists have dubbed it the desire act. now politicians and big time businessmen will find it difficult to open an account in 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 all together so if it's a president of the palace if it's a head of a big public company we will not do business with as a matter of fact ordinary people as well as taters will now have to worry about the confidentiality of their bank accounts in january two thousand and eleven rudolf elmer gave two discs to julian assange the disks contained information on the bank accounts of several thousand customers it was suggested that the people mentioned on the disks were dodging taxes but they want to do it and they show it to wiki leaks i say that again. in order to thank god it's investigating and making a decision on a. elma's actions have brought him face to face with

a swiss court of law the former bank employee may face serious prison time for releasing the confidential data. one of the journalists investigating theft the 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 them had to go to court all of them had to pay money back in the year two thousand and eight the german state court 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 that of steve's. i find it to shame and

a scandal that german authority get away with is using the perception of stolen good you know how sharp in switzerland if you steal good and then you sell it you go to jail it's a kind switzerland's famous reputation for banking 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 the swiss banks were sidibe march two thousand i. and it had been ten years that swiss bank aqsa crissy 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 bank accounts with a shady past is only an excuse saxons have killed the swiss in order to prosper themselves on the tax evasion market you know how much is the tax evasion market much money is in it thirteen trillion thirteen thousand billion. undeclared money. it's no longer on swiss bank accounts. a journalist from the french magazine l'express feels the chain of revolutions in north africa is only just picking up speed he's expecting new up people in the center of the continent over stolen funds.

we are. in it. but according to 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 billions of dollars will simply become more intricate. there is still a long way to go before the end of this international. about big money. more than a month. in one of the most extreme environments on the planet this is antarctica

and people have to be aware that they're far away from civilization sean thomas discovers foot makes on to articles so special and attractive for many the wildlife in antarctica is the bones and frontal. extradition to the bottom of the earth on our t.v. . one stream cascading from mountain slopes the view is miss monsoon. this beauty brings death at a speed of more than two hundred kilometers per hour on. the step is not a long. it

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