Posts Tagged ‘FCPA’

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Suggested reading: You can’t afford to play dumb

April 2, 2015
  • The financial crime chief at Istanbul P.D. says Erdogan sheltered an Al Qaeda financier… more>>
  • Pizza businessman Kamran Malik pleads guilty to shipping rifles and rifle parts to Pakistan without a license… more>>
  • Before a U.S. company acquires a foreign business, it should follow this helpful pre-acquisition due diligence checklist… more>>
  • If a country is always in the news along with phrases like “dragged through the street” or “human shield” you might want to do some screening before taking on business partners there… more>>
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Mad money news: recommended reading

August 7, 2014
  • Boko Haram schools are funded by Saudi charities… more>>
  • What could Hamas have bought and built for its own people for the same price as its smuggling tunnels?  Infographic>>
  • Fethullah Gulen and his Turkish operatives have quietly begun donating tens of thousands of dollars to elected officials in the U.S…. more>>
  • Terrorists are planning major cyber attacks according to the Department of Justice and the 9/11 Commission. Targets:  the economy and power grid… more>>
  • Companies should think twice before making a donation to a “charity” tied to a public official… more>>
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Cash for Karzai in suitcases, backpacks, and grocery bags

April 30, 2013

Good old Uncle Moneybags is back, but this time his sacks are filled with American money for distribution to cronies and warlords.  From the Wall Street Journal yesterday:

Men in dark coats with facial hair and millions of dollars

Karzai Confirms Accepting CIA Cash Monthly for 10 Years

By JUHANA ROSSI in Helsinki and YAROSLAV TROFIMOV in Kabul

Afghan President Hamid Karzai on Monday acknowledged that his office has been receiving money from the U.S. Central Intelligence Agency over the past 10 years, dismissing the monthly cash payments as a “small amount.”

Mr. Karzai addressed the issue after the New York Times reported on Sunday that the CIA has made tens of millions of dollars in secret payments, often cash packed in shopping bags, as it sought to maintain influence over Afghanistan’s mercurial leader.

Afghan President Hamid Karzai, here in Brussels last week, Monday confirmed that his government has been receiving CIA money for a decade, but dismissed it as a ‘small amount.’

“Yes, the office of the national security has been receiving support from the United States for the past 10 years,” Mr. Karzai told reporters at a news briefing in Helsinki, Finland, responding to a question about whether he has received CIA cash. “Monthly. Not a big amount. A small amount which has been used for various purposes.”

The CIA declined to comment on the matter.

Mr. Karzai, who is touring Northern Europe, made the remarks following his meeting with Finnish President Sauli Niinisto.

The U.S. isn’t the only country to supply the Afghan presidential palace with secret money. In 2010, Mr. Karzai acknowledged receiving bags full of euros from the government of Iran.

Afghan officials have said that these secret funds have been used by the president to reward supporters and buy loyalty from tribal leaders…

Time to take a second look at the proposal to cease foreign aid in Afghanistan?  Or is that still considered “a bit dramatic“?

By the way, if a U.S. company did what a federal agency has done by transferring money to Karzai, that company would be prosecuted under the anti-bribery provisions of the Foreign Corrupt Practices Act.

Money Jihad has previously covered the money that Hamid Karzai received from Iran here.