Pallavicini Funds Found in West German Banking Scandal

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BANKING

Pallavicini funds found in West German banking scandal

This week's issue of Der Spiegel slyly canism which Italy has been subject those African interests were directly leaked an important piece of infor ed to fQr half a millennium. Members threatened by Ponto's efforts to mation in connection with the recent of the Pallavicini family have been pump West German and French in series of West German banking, scan named in Italian press reports as un· vestment capital into Africa, with the dals. der suspicion by police authorities aim of drawing black African na In a news item on Ludwig Poul investigating Moro's murder. tions and South Africa into a joint lain, the former chairman of West N ow Palla vicini- Pro Deo development effort. Ponto, more deutsche Landesbank (WdL), who is funds-which come from the fami over, was murdered just after he presently under investigation for ly's involvement in international nar made a tour of u.S. business centers shady real estate dealings, the West cotics trafficking-haveturned up in in the hope of attracting U.S. corpo German magazine noted in passing connection with Poullain's shady rate and banking support for his that in one instance funds channeled dealings. This should be incorporat plan. into a Poullain-organized financial ed as a crucial lead in tracking down The obvious point that the Bel

operation had come from the .. Pro how Black Guelph aristocratic fami gian monarchy and its international Deo" faction of the Roman Catholic lies throughout Europe have been Black Guelph allies had every reason Church. increasingly attempting to manipu to push Ponto out of the European Spiegel's reference to Pro Deo late and maneuver their way into key banking picture is underlined by Bel will only be appreciated by a few behind-the-scenes controlling posi gian monarchy sponsorship of Rob individuals among its multi-million tions in West German banking op ert Triffin as a major economic poli readership: a small number of Euro erations since 1974. cymaker. pean bankers, and also the official The two most important events In a forthcoming article on the investigators involved in tracking setting the stage for these maneuver Gessler Report issued by West Ger down the murderers of former Ital ings, in which Poullain's resignation man banking authorities this year to ian Prime Minister Moro. as WdL chairman was actually a sec review national banking' legislaion, Before letting our readers in on ondary development, were the 1974 we will review Triffin's direct in the secret, we would like to make two collapse of the Herstatt Bank in Co volvement in trying to abort Ponto's comments. First, that the Executive logne and the 1977 murder of Ponto. efforts. For present purposes, we Intelligence Review researchers read One of the most important effects shall merely point out that when the Pro Deo reference as another of the Herstatt bankruptcy was the Poullain resigned from WdL in 1977, confirmation of a hypothesis we have reorganization it provoked in Bel he was replaced by a long-term col been working on since 1977 as to gium's private banking system. As laborator of Triffin's, Walter Seipp, who ordered the terrorist assassina one result of the Herstatt's foreign both of who{l1 coordinated their fi tion of West Germany banker Jiir exchange losses, Belgium'S largest nancial warfare against Ponto from gen Ponto in July, 1977. Secondly, discount bank, the Banque de Bru their positions as directors of the Bel that although we never agreed with xelles, also lost large sums and nearly gian Kredietbank. Ludwig Poullain's goals, we suspect closed down. It was saved by a loan -Renee 5igerson now that he was probably a victim of from, and eventual merger with, the blackmail. interests of the Lambert family Belgium's Rothschild branch-who From Rome to Brussels are financial minions of the Belgian Pro Deo is a factional arm within the monarchy. Vatican run by the Pallavicini family. The Bruxelles-Lambert merger The Pallavicinis are the crown of It enormously strengthened the Bel aly's black nobility, the command gian monarchy's international finan center for every feudalistic attack on cial power, backed by its mining in economic development and republi- terests in Africa. Leading up to 1976,

June 5-June 11, 1979 EXECUTIVE INTELLIGENCE REVIEW Economics 11