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Biden has deep ties to Rezko accomplice...Nadhmi Auchi

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that smell
User ID: 470514
9/3/2008 6:38 PM
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***Biden has deep ties to Rezko accomplice...Nadhmi Auchi***

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Iraqi Billionaire Threatens Reporters Investigating Rezko Affair

Why aren’t the American media investigating the role of British billionaire businessman Nadhmi Auchi in supplying loans to Barack Obama fundraiser Tony Rezko? Some point to media bias, but there is another factor. Working for Auchi, who was born in Iraq, attorneys from London law firm Carter-Ruck have for several months been flooding American and British newspapers and websites with letters demanding removal of material they deem “defamatory” to their client.

In its June 28 edition, British satirical magazine Private Eye explains: “Until Carter-Ruck and Partners and England’s stifling libel laws got to work, the few American journalists not caught up in Obama-mania were turning to the archives of the British press to answer an intriguing question: who is Nadhmi Auchi?”

What is so “stifling” about English libel law? In the U.K., as Carter-Ruck explains on its own website, “A libel claimant does not have to prove that the words are false or to prove that he has in fact suffered any loss. Damage is presumed.”

The Obama campaign recently issued a non-denial denial in response to claims that Obama met with Auchi―contained in Jerome Corsi’s bestseller, The Obama Nation. They cited only two references. One is, “Mr. Auchi’s lawyer” who told the February 27, 2008 London Evening Standard, “As far as he can remember he has had no direct contact with Mr. Obama.” Another is, “A lawyer for Auchi, Alasdair Pepper” who says, according to the April 16, 2008 Washington Post, “Auchi Had ‘No Recollection’ Of Meeting Obama or Michelle.” Alasdair Pepper is the attorney whose name appears on the Carter-Ruck demand letters.

The Secret Loan

A secret $3.5 million loan from an Auchi company to key early-money Barack Obama fundraiser Antoin Rezko was exposed while Rezko was awaiting trial on fraud and money-laundering charges earlier this year. Rezko’s bail was revoked and police showed up banging on the doors of his Wilmette Chicago mansion to drag him off to jail early in the morning of January 28th. Auchi’s loan to Rezko had come on May 23, 2005 but had not been disclosed to the Court as required in his bail agreement. Three weeks later, on June 15, 2005, Rezko’s wife assisted the Obamas in the purchase of their South Chicago mansion by purchasing a next-door undeveloped lot being sold with the house.

According to the Times of London, “Mr. Rezko’s lawyer said his client had ‘longstanding indebtedness’ to Mr. Auchi’s General Mediterranean Holding (GMH). By June 2007 he owed it $27.9 million. Under a Loan Forgiveness Agreement described in court, M. Auchi lent Mr. Rezko $3.5 million in April 2005 and $11 million in September 2005, as well as $3.5 million transferred in April 2007. That agreement provided for the outstanding loans to be ‘forgiven’ in return for a stake in the 62-acre Riverside Park development.”

Rezko’s relationship with Barack Obama goes back to at least 1990, when Obama’s law firm did work relating to thousands of now-decaying Rezko apartment units in South Chicago. Rezko was a key early-money fundraiser in Obama’s state Senate campaigns and his failed run at the U.S. Congress.

According to The Times of London, “Mr. Auchi first met Mr. Rezko after the 2003 Iraq war and they have a business relationship.” At the time Auchi was facing the possibility of extradition to France. The Times of London explains: “Mr Auchi was convicted of corruption, given a suspended sentence and fined £1.4 million in France in 2003 for his part in the Elf affair, described as the biggest political and corporate scandal in post-war Europe. He, in a statement from his media lawyers, claims he is appealing against the sentence.”

In 2003, Nick Cohen of the UK Guardian wrote:
Allow me to introduce you to Nadhmi Auchi. He was charged in the 1950s with being an accomplice of Saddam Hussein, when the future tyrant was acquiring his taste for blood. He was investigated in the 1980s for his part in alleged bribes to the fabulously corrupt leaders of post-war Italy. In the 1990s, the Belgium Ambassador to Luxembourg claimed that Auchi’s bank held money Saddam and Colonel Gadaffi had stolen from their luckless peoples. In 2002, officers from the Serious Fraud Squad raided the offices of one of Auchi’s drug companies as part of an investigation of what is alleged to be the biggest swindle ever of the (British National Health Service). With allegations, albeit unproven, like these hanging over him, wouldn’t you think that British MPs would have the sense to stay away?

But after threats from Carter-Ruck, Cohen’s “defamatory” article became one of six Guardian and Observer articles scrubbed from the Internet this April.

Blogger “A Jacksonian” received a similar demand on or before June 24. His article is still up. It details much of the information contained in the six deleted Guardian/Observer articles.

and the "Source of His Wealth"...surprise surprise surprise...
cont.

Anonymous Coward
User ID: 496608
9/3/2008 6:42 PM

Re: *Biden has deep ties to Rezko accomplice...Nadhmi Auchi*	Quote
Bullshit! LOL at you OP!

Anonymous Coward
User ID: 470514 (OP)
9/3/2008 6:52 PM

Re: ***Biden has deep ties to Rezko accomplice...Nadhmi Auchi***

Quote

Biden has described himself as a 30-year friend of a key figure in the Rezko trial who’s pleaded guilty to a federal extortion charge in Chicago and is awaiting sentencing.

When the Delaware senator began contemplating his own 2008 presidential run, he initially was helped by Chicago lawyer Joseph Cari Jr., who also served as Biden’s Midwest field director in his failed 1988 bid for president.

In 2005, Cari admitted to taking part in an $850,000 kickback scheme that prosecutors say was part of a larger political fund-raising operation for Gov. Blagojevich overseen by Rezko, who was convicted in June of wide-ranging corruption involving state deals.

So, McKinney asks, will Biden follow in Obama’s footsteps and rid himself of that tainted Rezko-related campaign cash?

Biden took $2,000 in campaign contributions from Cari in the early and mid-1990s, federal campaign-finance records show.

Two other donors whose names surfaced in the Rezko case — Chicago lawyers Myron “Mike” Cherry and Anthony Licata — donated to Biden’s U.S. Senate campaign, as well. Cherry has given Biden $5,900, while Licata gave $1,000. Neither Cherry nor Licata has been accused of any criminal wrongdoing.

Anonymous Coward
User ID: 470514 (OP)
9/3/2008 7:31 PM

Re: ***Biden has deep ties to Rezko accomplice...Nadhmi Auchi***

Quote

and the "Source of His Wealth"...surprise surprise surprise...

Auchi in 1967 began an Iraq Oil Ministry career eventually rising to be Director of Planning and Development under the Baathist dictatorship. He formed GMH in 1979 and then left Iraq. A key source of weapons procurement for Iraq during the Iran-Iraq war, GMH became the largest single private shareholder of Banque Nationale du Paris (BNP) which later merged with Paribas to form BNP-Paribas. BNP and BNP-Paribas, at Saddam Hussein’s insistence, handled all Oil-for-Food transactions until 2001 when the incoming administration of George W. Bush demanded change.

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