A Map of the Financial Powers That Control P-2 Operations
Click here for Full Issue of EIR Volume 8, Number 27, July 7, 1981 THE BANKING CONNECTIONS A map of the financial powers that control P-2 operations by David Goldman, Economics Editor Italian banking has been more international in character precedented opportunity to work through the Chinese than any other country's since the 14th century, and it is boxes of money-laundering fr om the inside outwards. not likely that a scandal implicating the board chairmen The most prominent financier of the Italian Socialist of every major Italian bank could fail to have worldwide Party, Calvi built the $6 billion Banco Ambrosiano as the ramifications. In fact, the publication of P-2 Grand core of a $20 billion international empire of merged and Master Licio Gelli's membership list sent shock waves associated companies. But Ambrosiano itself fits tightly out to Canada, Hong Kong, and the Caribbean. The into a larger series of boxes, a publicity-shy but powerful evidence now in the public domain comes very close to international syndicate known as "Inter-Alpha," among demonstrating the existence of a tightly coordinated the first. It includes West Germany's BHF-Bank, world network for dirty money transactions-a "Dope, France's Swiss-connected Credit Commercial, the Kre Inc.," as this publication first characterized it in an dietbank of Luxemburg, and the British combination of October 1978 feature. Williams and Glyns-Royal Bank of Scotland, the latter Not merely the major Italian banks, but Bank of about to merge with the Hongkong and Shanghai Bank. America and Chase Manhattan in the United States, the Ambrosiano is thoroughly Italian in character, but Hongkong and Shanghai Bank, and major institutions not in ownership.
[Show full text]