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Making a Killing: The Business of War
In February 2002, Belgian authorities issued
an international arrest warrant for Russian arms dealer Victor Bout on charges
of money laundering and conspiracy. Days later, Bout - who allegedly also supplied
weapons to the Taliban in Afghanistan - sauntered into the studios of a Moscow
radio station a few blocks from the Kremlin to protest his innocence.
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Oiling the wheels of corruption
On July 15, 2000, the Marathon Oil Company sent
$13,717,989.31 (about Sh1.08 billion) to an account in Jersey, an island in the
English Channel with stringent bank secrecy laws. The owner of the Jersey account
was Sonangol, Angola’s state oil company. The sum represented one-third of a bonus
that the Houston, Texas-based company agreed to pay the Angolan government a year
earlier for rights to pump the country’s offshore oil reserves. |