Western Resistance: Switzerland: Cuba, Iran involved in Money Laundering, and Worse

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October 13, 2005

Switzerland: Cuba, Iran involved in Money Laundering, and Worse

Remember those millions of dollars found in Saddam's palaces? The bank notes were traced to UBS, Switzerland's--and the World's--largest bank. Since then, an investigation has been moving along. In an astonishing piece, the New York Sun reveals some disturbing connections. Among them:

* UBS may have laundered 5 billion dollars from State sponsors of terrorism.

* The two States in question are Cuba and Iran, and the laundering may have been part of the "under-the-radar" trade between the two countries.

* Iraq was also involved; although it is not clear how it was so. (But the money was there!)

* And, although this is old news, there is that little thing of the Cuban-built "Biotech Facility" in Iran, with Castro attending and bringing his anti-Americanism.

Read the whole thing here: Iranian Regime Emerges as Central Player In Probe of Money Laundering by UBS

Two final notes:

Ileana Ros-Lehtinen, one of the legislators pursuing this matter, is the Congresswoman from my district: this is the kind of thing that makes last year's vote look well-spent.

Thanks to Babalu Blog for the link.

Posted by Ruy Diaz at October 13, 2005 10:09 AM