A newly discovered Wikileaks cable shows that the Rothschilds were involved in a billion dollar money laundering scheme in Africa.
The classified cable from the Public Library of US Diplomacy published by WikiLeaks exposes Rothschild Bank “advising” a “secret and corrupt” billion dollar transaction in order to create a “massive money laundering scheme” in Senegal and crash the struggling nation’s economy.
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The secretive Rothchilds are rarely in the news and never publicly rebuked by governments, however the classified cable discovered by Your News Wire reveals that a US diplomatic official clearly referred to the actions of Rothschild Bank as “corrupt” and the transaction as “indefensible.”
The Rothschild-driven deal involved the Senegalese state selling off Sonatel, the national telecommunications company and most profitable public resource, in return for $1.2 billion.
The US government were led to believe the sale was corrupt and the funds would be used to create a “massive money laundering scheme” to benefit the Senegalese elite – specifically former President Abdoullah Wade’s son Karim Wade – and Rothschilds Bank.
The cable was written by the US diplomat Jay Smith, the chargé d’affaires heading the Dakar embassy in the absence of an ambassador. From the cable:
The cable shows the US government were aware of the illegal deal and were petitioning the Senegalese government against completing it. No such petition was attempted with Rothschild Bank however, even though the London merchant bank was the “advising” body with the “decision” of who would gain access to the shares.
“According to Diarisso, with the DGMP’s waiver, the government can now conclude an exclusive deal with the investment bank Rothschild (which was also noted in the press articles) to act as the advisor and sole agent for the sale, including “deciding” who gets the opportunity to buy the shares.”
The cable stated openly that the Rothschild Bank – an infamous British multinational investment bank founded in 1811 and controlled by the Rothschild family to this day – was operating illegally:
The information was confidentially shared with the US diplomat by senior Senegalese and International Monetary Fund (IMF) officials.
The full classified cable can be viewed here.
The sale of the profitable national company was expected to have disastrous financial consequences for the fragile Senegalese economy. The only beneficiaries of the sale were to be the country’s ruling family and the Rothschild Bank. According to the cable:
“The IMF, World Bank, and senior officials at the Ministry of Finance are deeply concerned about the deal’s short- and long-term consequences for Senegal’s public finances. As Diarisso recently told the Econ Counselor, “it’s much worse than serious.”
The corrupt sale of the national company was expected to have particularly dire consequences for the nation’s pensions:
“The journal [Nouvel Horizon] reported that Rothschild Bank would again be granted the right to organize the divestiture as a private transaction, and that the goal was again to facilitate money laundering. At this time, we have no further information on this proposal, but if true, the impact could be even more staggering and widespread, given that IPRES is the retirement lifeline for thousands of non-government employees.”
“Cool and corrupt $15 million”
“There is consensus among observers of the government’s actions that the primary purpose of this divestiture is to help Karim Wade and his associates launder huge sums of cash that they have collected in recent years through “contributions,” “donations,” kickbacks, and the sale of illegally acquired assets, much of which was generated in the preparations summit of the Organization of Islamic Conference (OIC) held in March in Dakar.”
Our interlocutors are convinced that Senegal’s high-level corruption could have easily generated level of receipts equal to the value of the Sonatel shares; however, the scale of this scheme is audacious by Senegalese standards. As Diarisso noted, “the country can accept Karim’s frequent efforts to launder CFA one billion or 5 billion (USD 2-10 million), but this is beyond acceptable.” Holding these assets for steady dividend income or selling these directly back into Dakar’s regional stock exchange in a routine and unsuspicious manner will, in theory, “wash” the money to the point of plausible deniability.
Adding to the fiscal irresponsibility of this scheme, the arrangement with Rothschild’s reportedly includes paying the bank a 1.5 percent commission on the value of the shares, for a cool and corrupt USD 15 million.
We cannot refute the government’s claim that it has the right to sell its own assets. But it is a difficult case to make fiscally, since Sonatel is the country’s best performing company and one of the few stable sources of significant revenue for Senegal’s national budget. For the government to do so solely to facilitate corruption and launder money on behalf of Karim Wade and his circle, would be indefensible.”
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