GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
740379

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: The bribe factory: Fairfax getting the story on Oil Bribery Scandal

Posted by on in Corruption Exposed
  • Font size: Larger Smaller
  • Hits: 1620
  • 1 Comment
  • Print

The bribe factory: getting the story

 

31 March 2016

Michael Bachelard

 

http://www.smh.com.au/national/how-bribe-factory-unaoil-tried-to-stop-us-telling-their-secrets-20160331-gnutfc.html

 

The letter arrived via snail mail, and it read like a page from a Le Carre spy thriller. Hear Nick McKenzie recount how he exposed the world's biggest bribery scandal.

 

Read the full day two expose here    http://www.smh.com.au/interactive/2016/the-bribe-factory/day-2/global-investigation.html

  • The dirty western executives   
  • Australia's Leighton Offshore: dirty dealing in Iraq
  • Big Oil's bribe factory

Until the moment Fairfax Media and The Huffington Post hit the publish button at 10pm on Wednesday, AEDT, revealing how the oil industry really works, our investigative team was on tenterhooks.  This was more than simple pre-publication nerves, the questions we invariably ask ourselves about whether we have got it right, and what we had missed in the hundreds of thousands of documents we'd read over the previous months.

No, our concern was more specific: that an Australian court, an unsympathetic judge, might stop us publishing this global story. It would have left The Age and The Sydney Morning Herald newspapers with seven blank pages each, and thousands of words of crucial information unable to be published online.

It may have meant a story that Fairfax Media's reporters had worked on solidly for months would be broken overseas by our collaborator, The Huffington Post, not by the reporters who sourced, corroborated, combed and read hundreds of thousands of emails.

This was no idle concern. The day before publication, Unaoil had sent a threatening legal letter reserving their right to seek an injunction in Australia's courts.

 

Unaoil's legal letter

"Our clients have recently become aware that two Fairfax journalists ... have been contacting clients and persons associated or formerly associated with the Unaoil Group and requesting information regarding ... alleged corruption and bribery of foreign officials," said the legal letter from Sydney firm Kennedys, received on Tuesday afternoon.  "The allegations are extremely serious and highly defamatory. Our clients strenuously deny any wrongdoing and consider the allegations to be baseless and entirely false."  Unaoil and its family owners, the Monaco-based Ahsani clan, knew we intended to write about them because more than a week earlier we had told them so. Reporters Richard Baker and Nick McKenzie had called patriarch Ata Ahsani, his son Cyrus and and their Iraqi fixer, Basil Al Jarah.

A series of conversations with their public relations representative followed, and then the team sent a detailed list of questions – 27 in all – via email.

 

This is normal journalistic practice: to give the subject of a story a reasonable right of reply prior to publication. But it also raised the possibility that the multimillionaires who ran an operation to systematise the corruption of the oil industry would use the courts to stop us.

The ground they relied upon was that we had what they considered their property – the hundreds of thousands of emails leaked to McKenzie. Though we had not told them we had the emails, nor how we came by them, Unaoil clearly believed we were working from "stolen" material.  The letter said: "We ... request your urgent response to the following matters:

"(a) Has Fairfax or any of its journalists seen, come into possession of, or been provided with, any documents or information that were unlawfully obtained or removed from our clients' files, electronic archives or email servers?

"(b) Has Fairfax or any of its journalists communicated with any person, including any former employee of the Unaoil Group or its related entities, who has disclosed the contents of any documents or information described ... above?"

 

Unaoil wanted all copies of any emails removed and all electronic versions destroyed, and that Fairfax "desist from publishing any material" until the company had "been able to verify that their confidential data is not being used to make scandalous and defamatory allegations".

 

Our response? That this was a story that was manifestly true, and clearly in the public interest, and we were not going to allow a corrupt company protecting its paltry reputation to stop us.  By the way, Unaoil has still made no attempt to actually answer our 27 questions. Nor have they suggested that the emails and documents we've relied upon are anything but authentic.

 

The cache of emails we had obtained made a mockery of all the pious claptrap that companies such as Unaoil and many of their clients come out with about acting ethically and complying with anti-corruption laws. The story opens a window on how the West really treats the East. Not to publish would have been unethical.

 

Now that we have, the world is watching. Just 12 hours after it was published, almost 500,000 people had clicked on the Fairfax site devoted to it. It will be one of our most read stories this year. The Huffington Post, our collaborator, took millions more.  The story was picked up on Huffington Post sites around the world, other aggregator sites such as Salon.com, where Unaoil was described as "the most important company you've never heard of", and the Daily Mail.  Mark Ruffalo, the actor and activist, tweeted the Huffington Post version of McKenzie's story under the headline "Spotlighted!"    http://www.huffingtonpost.com.au/nick-mckenzie/how-i-exposed-a-corporate-bribery-scandal-involving-the-biggest-names-in-the-oil-business_b_9560476.html

 

 

Last modified on
Rate this blog entry:

Comments

  • organza
    organza Friday, 01 April 2016

    If I recall correctly Unaoil was a factor in a scandal involving the RBA.

Leave your comment

Guest Thursday, 24 September 2020