Turkey: Another Nation Caught In Worldwide Web of Deception

G20 security beefed up ahead of meetings in Antalya Turkey 15-16 Nov 2015

In 2013-2014 I had searched to see if Turkey was attempting to distance itself from the NATO alliance, but apparently the covert ties to the hegemony runs deep. I was asking is Recep Tayyip Erdogan more than another puppet politician?

Since 2003, the deception for the Iraqi invasion, where “[A]lmost all government intelligence on whether Iraq pursued or possessed weapons of mass destruction has proved faulty,” I have energetically followed all links to track down new links for inquiry to determine as much truth as possible within my limited budget.
This year I am feeling exhausted with the over-whelming mountains of documented evidence of institutional deception over the cumulative years. Thus, I encourage the readers to click on the links to piece together the worldwide puzzle of deception.

So I now have the equation that when looking at a institution or politician and official from that institution you are looking at a deceiver or someone who is controlled by deception.
How do you convince citizens to cheer for war?

By promising the noble lie: protection and to end the war.
Latest example: Thank you Mr. Putin for embracing the war against terror!
[Addendum 14 Feb 2016: My cynicism is on display here, some foreign readers may have misinterpreted the nuanced meaning.]

Bluntly stated, there are no “good” guys, as this is not a two choice decision.
Look for the truth as the hidden option, because the truth is not presented as a campaign choice nor headlined.
I saw, and I still see, the script calling for the escalation of World War.

Turkey’s covert (CIA, MI6, etc.) connections, wealth and policies are under the public spotlight as the war against terror and campaign against Syria continues; Recep Tayyip Erdogan appears to be targeted for a campaign to oust him or engineer the war to spill-over into Turkey

turkey and its neighbours map

turkey and its neighbours map

Escalating WWIII Via Middle East…

zerohedge (alternative media) reported:

“a gold-smuggling scandal that took place under the nose of the US and the international community for years, one which allowed Iran to skirt international sanctions using gold as a barter tool to keep its economy going and involved China and Russia among many other nations, and one which saw the participation of not only the economic and prime ministers of Turkey (and current president) but also countless corrupt Turkish politicians and the richest person in Iran, but also the second most powerful person in Dubai, the largest holding company in the Arab Emirates and the largest gold holding company in the Gulf state.” –zerohedge.com

West Prepares to Replace Their Puppet in Turkey

Click to Listen to Podcast audio:

“Sibel Edmonds of BoilingFrogsPost.com joins us once again to discuss the ongoing “reverse engineering” of Erdogan by the NATO/CIA/Kurdish/Israeli/Russian forces that oppose him. We talk about the hypocritical and nearly-unanimous coverage of Erdogan’s abuses and how and why this narrative is converging now to finish the US/NATO task of removing him from office to usher in a more pliable puppet.” –Corbett Report

SHOW NOTES:
Interview 809 – Sibel Edmonds Explains Erdogan’s Fall From Grace

Turkish PM Erdogan: The Speedy Transformation of an Imperial Puppet

75 US-Trained Rebels Enter Syria From Turkey

Is Erdogan Being Set Up For A NATO-backed Coup?

Turkey and Saudi Arabia alarm the West by backing Islamist extremists the Americans had bombed in Syria

ISIS Oil Trade Full Frontal: “Raqqa’s Rockefellers”, Bilal Erdogan, KRG Crude, And The Israel Connection

New evidence of Erdoğan’s secret meeting with al-Qadi emerges

BFP Exclusive: Syria – Secret US-NATO Training & Support Camp to Oust Current Syrian President

Russian FM plans to meet co-leader of Turkey’s pro-Kurdish HDP party

Philip Giraldi on the latest in Turkey

Gulen movement secretly funded 200 trips for lawmakers and staff

U.S. lawmakers got suspect Turkish campaign cash
.
RELATED:
https://ronmamita.wordpress.com/2015/11/17/friday-the-13th-martial-law-in-paris-and-monetary-reform-what-a-weekend/
https://ronmamita.wordpress.com/2015/10/15/if-armed-conflict-isnt-halted-in-syria/
https://ronmamita.wordpress.com/2015/08/01/how-to-herd-people-into-new-world-order-institutional-governance-by-crisis-management/
https://ronmamita.wordpress.com/2015/03/28/instability-in-middle-east/
https://ronmamita.wordpress.com/2014/03/14/western-bloc-demands-ukraine-join/
https://ronmamita.wordpress.com/2013/09/08/syrian-government-didnt-launch-chemical-weapons/
https://ronmamita.wordpress.com/2012/12/24/xmas-eve-louder-war-drums/
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7 comments on “Turkey: Another Nation Caught In Worldwide Web of Deception
  1. RonMamita says:

    Exclusive: “And It’s Gone… It’s All Gone” – The One Gold Scandal That Goes To The Very Top

    http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top

    Long before Turkey was flagrantly arming and funding the CIA-created “terrorist organization” known as ISIS, there was another, far more elaborate way in which Turkey was flaunting international sanctions against an ostracized state – in this case Iran – which involved an epic gold smuggling triangle of Hollywood-thriller proportions, all made possible thanks to the United Arab Emirate city of Dubai.

    Best known known for its luxury shopping, ultramodern architecture including the world’s tallest building, a lively nightlife scene, and a facade of openness and decorum, what Dubai is less known for is its unprecedented seedy underbelly of corruption and untouched criminality among the handful of billionaire oligarchs, princes, sheiks and sultans, who quietly dominate the local (and global) power and financial structure.

    But first, a little history.

    It may seem like a distant memory now, but just a few short years ago, instead of a close ally of Barack Obama, Iran was a pariah state subject to international financial sanctions due to its nuclear program development, one which Israel had repeatedly (and famously) threatened would attack preemptively to prevent Iran from obtaining a nuclear weapon.

    Iran, of course, had no choice but to find ways to keep its economy going, and in order to circumvent these sanctions, it resorted to the oldest form of trade known to man: gold.

    This, in itself, is not surprising. What is surprising is how and with whom Iran collaborated to breach the international embargo in order to obtain this valuable and much needed gold, which it could then barter with other countries – notably those along the Pacific Rim – in exchange for any and all needed products and services.

    A Reuters article from October 23, 2012 explained, in broad terms, just how Iran’s intricate smuggling operation worked.

    To see one of Iran’s financial lifelines at work, pay a visit to Istanbul’s Ataturk International Airport and find a gate for a flight to Dubai. Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

     

    The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions.

     

    The sanctions, imposed over Iran’s disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders.

     

    “Every currency in the world has an identity, but gold means value without identity. The value is absolute wherever you go,” said a trader in Dubai with knowledge of the gold trade between Turkey and Iran.

     

    The identity of the ultimate destination of the gold in Iran is not known. But the scale of the operation through Dubai and its sudden growth suggest the Iranian government plays a role.

     

    The Dubai trader and other sources familiar with the business spoke to Reuters on condition of anonymity, because of the political and commercial sensitivity of the matter.

     

    Iran sells oil and gas to Turkey, with payments made to state Iranian institutions. U.S. and European banking sanctions ban payments in U.S. dollars or euros so Iran gets paid in Turkish lira. Lira are of limited value for buying goods on international markets but ideal for a gold buying spree in Turkey.

    So three years ago, Turkey was purchasing Iran oil and paying in gold. Now it is purchasing ISIS oil and paying in dollars, for the simple reason that there is no banking embargo against the Islamic State like there was against Iran in 2012. One almost wonders why the international community was far stricter with Iran than it is with ISIS now.

    Anyway, continuing on, we present: the Dubai connection.

    In March [of 2012] as the banking sanctions began to bite, Tehran sharply increased its purchases of gold bullion from Turkey, according to the Turkish government’s trade data. Direct gold exports to Iran from Turkey, long a major consumer and stockpiler of gold, hit $1.8 billion in July – equivalent to over a fifth of Turkey’s entire trade deficit in that month.

     

    In August, however, a sudden plunge in Turkey’s direct gold exports to Iran coincided with a leap in its sales of the precious metal to the UAE.

     

    Turkey exported a total $2.3 billion worth of gold in August, of which $2.1 billion was gold bullion. Just over $1.9 billion, about 36 metric tons, was sent to the UAE, latest available data from Turkey’s Statistics Office shows. In July Turkey exported only $7 million of gold to the UAE. At the same time Turkey’s direct gold exports to Iran, which had been fluctuating between $1.2 billion and about $1.8 billion each month since April, slumped to just $180 million in August.

     

    The Dubai-based trader said that from August, direct shipments to Iran were largely replaced by indirect ones through Dubai, apparently because Tehran wanted to avoid publicity.

     

    “The trade from Turkey directly to Iran has stopped because there was just too much publicity around it,” said the trader.

    However, instead of suddenly having a craving for Turkish gold, Dubai was merely a middleman which would then resell Turkey’s gold to Iran, in exchange for a very generous commission.

    Dealers, jewelers and analysts in Dubai said they had not noticed any large, sudden increase of supply in the local gold market during August. They said that suggested the increased shipments to the UAE were sent straight on to Iran.

     

    It is not clear how the gold is moved from Dubai to Iran, but there is substantial trade between the two economies, much of it conducted by wooden dhows and other ships crossing the Gulf, a distance of only about 150 kilometers (100 miles) at its narrowest point.

    And as everyone knows, what better way to “lose” gold at a moment’s notice than to be involved in an “unfortunate shipping accident”…

    A trader in Turkey said Tehran had shifted to indirect imports because the direct shipments were widely reported in Turkish and international media earlier this year. “Now on paper it looks like the gold is going to Dubai, not to Iran,” he said.

     

    Iranian gold buyers may want to conceal their Turkish gold deliveries for fear of attracting attention from the United States, which is pressing countries around the world to shrink their economic ties with Iran.

     

    The buyers may also want to make their purchases less vulnerable to any possible interference by Turkey’s government. Turkey’s close relationship with Iran has begun to sour as the two states find themselves on opposite sides of the civil war in Syria, with Turkey advocating the departure of President Bashar al-Assad and Iran remaining Assad’s staunchest regional ally.

    Fear not: if the Erdogan family was guaranteed, say 5% of the total transaction price, it would gladly close its eyes, even if it meant the Ayatollah singing lullabies and war chants to Assad in his bedroom.

    But why gold?

    Simple: while Iran’s banks had been locked out of SWIFT international money transfer system (until mid-2015 when Obama’s historic nuclear deal with Iran was announced and let Iran back into the global financial community), and commerce was virtually impossible in fiat currency terms, the UN sanctions did not prohibit most forms of trade. As a result there was no suggestion that the gold trade involving Dubai was violating international sanctions. In fact, the west tacitly encouraged, and Turkey latched on to this great source of trade arbitrage, and unbridled corruption with both hands. Reuters continued:

    Turkish trade data confirms the gold is being transported to Dubai by air. According to the data, $1.45 billion of Turkey’s total gold exports in August [2012] were shipped through the customs office at Ataturk airport’s passenger lounge. Almost all of the rest, $800 million, were shipped from Istanbul’s smaller Sabiha Gokcen airport. Turkey’s total exports of all goods to the UAE totaled $2.2 billion in August. Of that amount, $1.19 billion were registered at the Ataturk passenger lounge, while $776 million were registered at Sabiha Gokcen.

    It was a golden free for all: “a customs broker who does business at Ataturk said couriers were boarding Turkish Airlines and Emirates flights to Dubai at the airport, carrying the metal in their hand luggage to avoid the risk of it getting lost or stolen.”

    The maximum amount of gold bullion which a passenger is allowed to take is 50 kilograms (110 pounds), he said. This suggests that during the month of August, as many as several hundred courier trips may have taken gold to Dubai on Iran’s behalf.

     

    It is all legal, they declare it, they give their tax number and it is all registered so there is nothing illegal about this,” the broker said.

    The Reuters article cut off at the most important part: who were the people organizing the trade? “The trade data shows almost $1.4 billion worth of Turkey’s August exports to the UAE came from a company or companies with a tax number registered in the coastal city of Izmir, Turkey’s third biggest. Customs officials at Ataturk declined a Reuters request to provide documents identifying the exporters, saying the information was confidential. The identity of the companies handling the business could not be confirmed. Traders said that because of the risk of attracting unwelcome attention from U.S. authorities, only a few companies were likely to be willing to get involved.”

    Almost a year later, we found out just why the local authorities were so very cautious about identifying the people on the Turkish side behind this “perfectly legal trade”- it involved everyone from an Iranian billionaire, Riza Sarraf, to Turkey’s then economy minister, Zafer Caglayan, all the way to the very top, you guessed it, current president and then prime minister, Recep Tayyip Erdogan. A Bloomberg follow up piece from the summer of 2013 laid out all the key actors on the Turkish side:

    As the minister in charge of Turkey’s $800 billion economy in 2013, Zafer Caglayan was facing a series of numbers that didn’t bode well for coming elections. Inflation was up, growth was slowing and the lira was weakening.

     

    One key measure of financial health was particularly worrisome: the country was importing far more goods, services and capital than it was sending abroad. By October, when he was interviewed by a local CNBC affiliate, Caglayan described the gap as unsustainable and said the government would take steps to improve it.

     

    What he didn’t mention was a clandestine export-boosting operation started up more than a year before that was helping to solve the trade imbalance.

     

    At the time of the television appearance, it was still underway. Three weeks before, Caglayan had been secretly taped by national-police investigators telling his collaborators to find a way to increase exports by at least $1 billion a month. His orders came from the top in a two-hour meeting with Prime Minister Recep Tayyip Erdogan, he told an associate.

     

    The operation featured an Iranian-born businessman who liked fast horses, faster cars and the fastest planes. His unique skill: Getting gold into sanctions-encircled Iran. Enough gold that for a time he became the government’s key instrument in improving Turkey’s irksome economic imbalance.

     

    How a team that included Turkey’s economy minister sought to manage the current account deficit, as the gap is called, by juicing exports to Iran is laid out in a 300-page document prepared by Turkish investigators in 2013. Caglayan and his collaborators also came away with tens of millions of dollars in bribes, according to the document, which has been cited in parliament by opposition lawmakers.

    Caglayan resigned on Dec. 25 as economy minister after the investigation became public, is immune from prosecution as a member of parliament. Erdogan, whose bribes from this operations were in the hundreds of millions of dollars, did everything in his power as then-prime minister to kill the probe and decried the inquiry as an “attempted coup”, a card he has pulled every single time some political probe gets too close to his unprecedented financial crimes, which have a recurring pattern: sell goods and services to an organization isolated by the international community, and pocket tens or hundreds of millions in “commissions” and bribes in the process.

    Since then Erdogan has made Turkey his personal despotic fiefdom, and after serving as prime minister from 2003 to 2014, he was “elected” president in which role he serves to this day. There is not a soul in Turkey who poses any political threat to Erdogan, whose vast plundered financial fortune assures that the army would be on his side even in a military coup scenario.

    In any case, the spice, or rather gold, flowed. As Bloomberg confirmed in 2013, “the covert efforts that Caglayan and his associates undertook eventually swelled to a multi-billion dollar enterprise that reached from Ghana to China, according to the investigation. Tons of gold flowed from Turkey to Iran, much of it via Dubai. That freed up Iranian money trapped in Turkish banks, in turn boosting Turkish exports.

    When the gold trade was foiled by tightening American sanctions starting in July 2013, Sarraf and his collaborators kept exporting. They sent thousands of tons of overpriced — and sometimes fictitious — food onto ships steaming between Dubai and Iran, according to the document.”

    It was not just Erdogan and Caglayan who made a killing: “Smoothing out the complications of this shadowy and complex trade were bribes to Turkish government ministers: multimillion-dollar diamonds, and millions of dollars stuffed into suit bags, chocolate boxes and even shoe boxes, the investigation document says.”

    Meanwhile, the amounts of gold shipped from Turkey to Iran via Dubai were simply staggering:

    In an interview with television channel A Haber, Sarraf estimated he had facilitated the transfer of about $12 billion in gold — about 200 tons — to Iran. That represented “about 15 percent-15.5 percent of the current account deficit that I closed by myself,” he said. He didn’t say what period he was referencing.

     

    “There’s a serious benefit to the Turkish economy with profit that’s gone into state coffers,” he told the interviewer.

    Ultimately, this unprecedented in its vast scale and scope gold smuggling operation, which stretched as far as China, Moscow and Azerbaijan, faded: in July 2013 the U.S. added precious metals to the list of items that couldn’t be sold to Iran as part of an effort to curtail that country’s nuclear enrichment program.

    At that moment that Iran gold smuggling party for Turkey was over, and it was time to find a new foreign “trade” partner. A year later one emerged in the form of ISIS as has been documented here previously…

    * * *

    All of this has been publicly known so far. What follows is being reported for the first time.

    While in 2012 and 2013 the world’s attention was focused on Iran and Turkey, with both Reuters and Bloomberg scrambling to find the involved parties, nobody paid any attention to the key middle-man responsible for billions in smuggled gold, Dubai. And while the main Turkish actors and beneficiaries of this gold smuggling have been extensively documented, nothing at all has been written about any of the Dubai intermediaries who also made hundreds of millions, if not more, simply for facilitating the move of gold from point A to point B.

    Which is strange, because for anyone doing even a little cursory digging, the answer was there in broad daylight all along.

    Presenting Mohammed Abu-Alhaj: the key Dubai “connection” in the Turkey-Iran gold smuggling triangle.

     

    Who is Abu-Alhaj? A brief biography from his public profile:

    Mohammad has many years of vast experience in the finance and financial technology industry. He began his career establishing an e-commerce business in the United States followed by another e-commerce of a different trade. He then moved on to Dubai in the early 2000s to establish a brokerage firm. Following its success he was a major shareholder in its subsidiaries across the MENA region.

     

    Meanwhile he has set-up, directed and operated many entities in the online trading of financial products, and now gold and precious metals. Mohammad is very resourceful and possesses many highly qualified skills; he has developed innovative platforms for online trading, effective management and leading skills and he is thorough in analyzing problems and finding creative solutions.

     

    Mohammad’s latest accomplishment is the set-up of the Gold AE DMCC and its subsidiaries across the region, Switzerland and Africa, one of the first online trading entities for deliverable gold and silver, and Islamic dinars and dirhams in the United Arab Emirates.

     

    Presently, Mohammad is the Founder, Chairman and Managing Director of Gold AE. He is also the deputy Chairman and a board member of Abu Alhaj Holdings, registered in the Dubai International Financial Centre.

    What made Abu-Alhaj unique was his early fascination and interest in Turkey and its role in “physical deliverable gold” trading. A fascination which paid off in droves. Follow excerpts from article from Turkish newspaper Dunya…

    … ironically written on October 23, 2012, the same day as Reuters first exposed Turkey’s role in this epic gold smuggling triangle.

    Dubai businessmen connects Gulf investors with Turkey

     

    Mohammed Abu-Alhaj, vice chairman and chief executive officer of his Dubai-based family-owned Abu-Alhaj Holding, first visited Turkey as a tourist in 2004, and explored the economic possibilities of the country.

     

    “I saw stability had started to take hold in the nation. Turkey was a highly productive country. I was certain it would become among the top emerging markets for years to come,” the 40-year old businessmen reminisced in an interview in Istanbul on Saturday.

     

    Soon he acquired a Turkish brokerage house, Ikrisat Yatirim, through the Savings Deposits Insurance Fund (TMSF), a state banking receivership fund, for S15 million, and became one of the first Arab Investors in Turkey.

     

    In 2009, he sold the brokerage house to Dubai Holding. He then established in Istanbul’s Atasehir financial district the company Altin 24.com, an on-line gold trading company. Altin 24 serves as the Istanbul office of his regional gold commerce company Gold.AE. He also founded a store in Istanbul’s Covered Bazaar, the main gold and jewelry market of Turkey. Altin 24 provides full services in gold bullion and certificates trading for Turkish clients.

     

    Although he employs only nine persons in Turkey, his Altin 24 has already carried out $700 million in gold trading in the country.

     

    Istanbul and Dubai are the world’s two biggest centers for gold trade.

     

    Acting as bridge

     

    “I started to believe I could be a bridge between the Arab world, especially the six nation Gulf Cooperation Countries (GCC), and the Turkish market,” he said. “I resolved to help remove the obstacles preventing GCC oompanies from investing in the country.”

     

    He has been successful so far.

     

    Although once shy of secular Turkey, Arab investment has been pouring into Turkey since Prime Minister Recep Tayyip Erdogan’s moderately Islamist Justice and Development Party came to power a decade ago.

     

    * * *

     

    Mr. Abu-Alhaj’s father found Abu-Alhaj holding as a logistics company and then went into industry. The group, which he still runs with his five sons, now has investments in technical textiles, pharmaceuticals, agribusiness, real estate development, investment banking and tourism in seven nations: Dubai, Jordan, Kuwait, Saudi Arabia, Switzerland, Yemen and Turkey.

     

    A graduate of computer science and information technologies from Concordia University in Montreal, Quebec, Canada, he worked on Wall Street during the dot.com bubble that led to the collapse of hundreds of technology upstarts. He returned to his homeland to run the family business.

     

    Mr. Abu-Allhaj believes that the decision of Turkey’s Central Bank to allow depositors and banks to hold gold accounts has helped the country distance itself from the economic crises gripping the world.

     

    “Gold accounts will save the country from the crisis in international markets that will happen for sure” he asserted.

    He may be right about that, but it is everything else that has raised a red flag. Incidentally, those curious can read much more about Abu-Alhaj’s push into Turkey’s gold market in the Press section of his Gold.AE website.

    But just who is Gold Arab Emirate, or Gold AE, based out of Dubai? We ask because we – like most of our readers – had never heard of this company before. Perhaps the company’s biggest claim to fame was the first gold ATM it introduced in the Emirates back in 2010, to much media fanfare.

     

    Ok, so they make gold ATMs. What else? For the answer we go straight to the company’s website.

    Gold AE, Like Your Gold Bank

     

    Gold Arab Emirate, Gold AE is the first corporate entity in Middle East incorporated in Dubai – UAE, for E-Commerce of Gold & Silver bullion being its core commercial activity. Gold AE is conducting its operations under the commercial license # DMCC 30821, issued by Dubai Multi Commodities Centre (DMCC). DMCC is a Dubai Government’s initiative to monitor and facilitate the trading in precious metals.

     

    In addition to its presence in Dubai, it has branches in Abu Dhabi (UAE), Jordan, Turkey, Switzerland and affiliations in Qatar, Saudi Arabia and Egypt.

     

    Gold AE is led by an experienced team of seasoned bullion professionals which gives it a competitive advantage over contemporary firms in the market and gaining a remarkable reputation as an emerging market participant in the gold markets of the gulf. We are proud to provide investor friendly schemes in bullion investments through our highly valuable trading platform apart from providing international brands in bullion products on our E-shop at comparatively low cost.

     

    Gold AE is a subsidiary of M/s Gold Holding Ltd, a Dubai International Financial Centre (DIFC) based company. M/s Gold Holding Ltd. owns various trading entities involved in online bullion trading of physical gold and silver, gold mining and refining industries as well as entities serving the financial institutions for gold logistics. The Holding company professionally supports its subsidiaries with financing, operational business management and controlling activities. This includes market sectors such as gold industry, information technology, as well as financial investments.

    Notable is the website’s description of its executive management, which presents Abu-Alhaj as Chairman and Managing Director. Keep that in mind because it will be important shortly.

     

    But even more important, is the company’s description of itself as a subsidiary of Gold Holding Ltd. Who is Gold Holdings? Again, we go to the source:

    Gold Holding Limited is an investment holding company headquartered in Dubai and registered under the laws and regulations of the Dubai International Financial Centre. Gold Holding is a thriving group that is constantly seeking new companies to join its growing portfolio of precious metal and mining companies. It does however have stringent ethical values that mean its procurement methods are always of the highest moral standards and it is highly selective in where it chooses to operate.

    Basically, if Gold AE is the Turkey-focused trading front, Gold Holding is the mothership which deals with all major activities behind the scenes. This becomes immediately obvious when looking at the main shareholders and management team of the Holding company.

    Main Shareholders:

     

    SBK Business Holding http://www.sbkholding.com
    – Sheik Sultan BIn Khalifa bin sultan Al-nahyan (Chairman)
    – Sheik Malek Hmood Alsabah (Vice Chairman)
    – Abu-alhaj Holding
    – Aruntani Sac

    Management:

     

    – Chairman: Sheik Sultan bin khalifah Al nahyan
    – Vice Chairman: Sheik Malek Hmood Alsabah
    – Managing Director: Mo Nico Consari
    – CEO: Andre Gauthier
    – CFO: Fahad Ayoob

    Please bear with us a few more minutes as we close all these semingly unconnected loops of ownership, because while most other names presented so far are largely meaningless, one name above stands out, that of Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan.

    Sultan is the advisor to the President of UAE, the eldest son of Khalifa Bin, President of the United Arab Emirates, Supreme Commander of the UAE Armed Forces, and Ruler of Abu Dhabi.

    Sultan was promoted to the rank of lieutenant colonel staff pilot in 1999 and then to the rank of colonel staff in February, 2000. He is the advisor to the president of the UAE, Khalifa bin Zayed, and the board chairman of the SBK Holding. He is among the board members of the Executive Council of Abu Dhabi. He was appointed the board member of the Abu Dhabi Investment Authority for three years in April 2013.


    Basically, Sultan is the second in command in the United Arab Emirates.

    As for SBK Holding, it is the Holding Company of Sultan Bin Khalifa. “With its headquarters in the United Arab Emirates, SBK Holding has a range of companies that serve a broad cross-section of industries not only in the Gulf region but also globally.”

    A quick glance at the company’s website shows that it is involved in virtually everything, and among the things it is involved in, is a vast gold trading empire courtesy of the Gold Holding company.

    * * *

    To recap the story so far:

    • Mohammed Abu-Alhaj is the owner of Gold.AE, a gold trading operation, whose primary role has been facilitating gold trade in Turkey (and ostensibly, since it is the primary Dubai gold company involved in Turkey, was the dominant player in Turkey’s smuggling of gold to Iran).
    • Gold.AE is a subsidiary of Gold Holdings Ltd, a company which is owned by SBK Business Holdings and Abu Dhabi’s second in command, the son and avisor to the ruler of Abu Dhabi, Sheik Sultan bin khalifah Al nahyan

    All of this brings us to today, and the following letter which the suddenly very unfortunate clients of Gold.AE aka “Your Gold Bank“, just received.

    Dear Client

     

    A group of minority shareholders of GOLD HOLDING suspected that there were questionable financial transactions being undertaken in Gold AE DMCC (“the Company”). Acting on these suspicions they initiated internal investigations. During the course of the investigations the entire then management team abruptly resigned with no notice. Since the majority shareholders also seemed to be unavailable, the minority shareholders did not accept this resignation. However, these persons went to DMCC, submitted their resignations and managed to get their visas cancelled.

     

    Following this, in august 2015, Mr. Andre Gauthier has been appointed as the manager of the Company so that investigations continued and once completed necessary action can be taken to secure the interests of the clients and shareholders of the company. His appointment took effect from August 9 ,2015 . When he took over, new management realized that he now had access to more information concerning the activities of the previous management and, he realized that there had been substantial withdrawals from the company’s account to the personal accounts of some of the management and the majority shareholders.

     

    Management has also uncovered information with respect to the existence of a bank account with Arab Bank (Switzerland) Ltd in Switzerland in the name of the Company. An attempt has been made to approach this bank but, since none of the current management or minority shareholders are signatories to the account and, due to the stringent Swiss banking laws and regulations regarding confidentiality, no additional information or access has been provided by the bank.

     

    In order to try and secure/recover monies that had been taken out of the accounts of the company, Mr. Gauthier in his capacity as manager has filed various cases as against the recipients of the funds from the Company (Dubai Police ( Bur Dubai Police Station), Case No: 24378). The minority shareholders are doing everything within their powers to support him in his efforts to recover these monies that were withdrawn from Gold AE in questionable circumstances.

     

    DMCC has alleged that some of these activities undertaken by the previous management are in breach of DMCC’s rules and as such they have taken the decision to terminate the license of the Company. We are working closely with DMCC to find a solution and in the meanwhile, we request that you bear with us. In the meanwhile, as a statutory consequence of the license being terminated, the trading platform of the Company has to shut down as of the date of termination of the license which is 24th November 2015.

     

    We trust the forgoing is of assistance.

     

    Sincerely,

     

    On behalf of GOLD AE MANAGEMENT

    To loosely paraphrase South Parkaaaannd it’s gone. The gold is all gone.

    For all those who just received the letter, and had funds at Gold.AE, our condolences, because if there is any confusion, what it says is that after a cursory inquiry into the operations of the “former” management team, the one led by Abu-Alhaj, not only did the “management team” vaporize with all the funds held in the trading group, but they “seemed to be unavailable”, meaning the management team itself vaporized. It also means that any funds you may have had there are gone for ever.

    Furthermore, since the letter explicitly highlights the “minority shareholders”, one wonders: was Sheik Sultan bin khalifah Al nahyan, the second most important person in Abu Dhabi, and a majority shareholder, involved in this unprecedented raiding of a company that was instrumental in the Turkey-to-Iran gold smuggling campaign?

    And if he wasn’t directly involved, just how much about this company’s gold-smuggling operations did he know?

    But perhaps the money is not completely vaporized. Perhaps it is simply sitting in the following Swiss bank as per the letter:

     

    Then again, we doubt that any money parked by the fraudulent management team of Gold AE will ever be uncovered, if only in the public realm: after all, the tentacles of this particular scandal stretch very far, so far that anyone who dares to talk will not live to say much more.

    How far?

    Let’s summarize once again: a gold-smuggling scandal that took place under the nose of the US and the international community for years, one which allowed Iran to skirt international sanctions using gold as a barter tool to keep its economy going and involved China and Russia among many other nations, and one which saw the participation of not only the economic and prime ministers of Turkey (and current president) but also countless corrupt Turkish politicians and the richest person in Iran, but also the second most powerful person in Dubai, the largest holding company in the Arab Emirates and the largest gold holding company in the Gulf state.

    A scandal which resulted in untold riches for everyone involved, and has also resulted in the Dubai management team disappearing with what may well be billions in stolen funds.

    And, naturally, there is a token “anonymous” Swiss bank to boot, which is likely the resting place of said stolen billions.

    All of this it is real, it happened, and is not the screenplay of the next James Bond movie.

    And – the punchline – it all revolves around one of the simplest products known to man: gold.

  2. Alan Scott says:

    I want to comment on the Corbett Report above and that Boiling Frogs woman. As far as I’m aware, Erdoğan has never been a US puppet. His government refused to go into Iraq with George Dubya, Erdoğan publicly accused Israel of being a terrorist state, and defended Muhammed Morsi in Egypt after he was overthrown by what the US refuses to call a military coup. If his government had not pulled the teeth of Turkey’s military, I have no doubt the AKP government would have been ousted in the same way, probably with CIA connivance. As the lady observes, the biggest problem for those who want to see Erdoğan go (is she on the side of the CIA and the US government here?) is the continuing popularity of him and the AKP party government with a large chunk of Turkey’s electorate, plus the total inability of their opponents to offer anything credible as an alternative. For her information, Turkey is a democracy where most of the voters actually turn out to vote, unlike some other countries I could name. Why is it the business of any other country to get rid of the elected leader of another sovereign state?

    With all due respect, I think those know-it-all American commentators should concentrate on sorting out the problems in their own country, since that is largely what is causing the problems in the rest of the world.Start by making sure the world doesn’t have to put up with Hilary Clinton or Donald Trump as leaders of the ‘free’ world!

  3. RonMamita says:

    I see your passion.
    Perhaps Erdoğan will survive the obvious campaign to oust him.
    But even more important are the People’s safety and joyful living is under attack.
    (That goes for all nations, where a “silent war” is stealthily being waged against the citizens)
    Being a member of NATO has both rewards and risks.
    Turkey is on board of a worldwide geopolitical chessboard as world war escalates…

    The U.S. is a (center stage major role) puppet, a captured state, and simultaneously deception runs throughout all the 193 member nations playing the worldwide geopolitical game as world war escalates.

    {I am not seeing a hero among any of the 193 member nations}

    Thus, we are all facing the same worldwide matrix and my wish is for researchers not to be trapped into cheering for a side, because regardless which side wins (i.e. label it “democracy”, or some other freedom slogan touting institutional regime) the same deceptive worldwide monetary matrix remains.

    May I offer a suggestion?
    Contact Sibel Edmonds or James Corbett with your observations.
    I have spoken with James on several occasions and he has always been polite and studious in a constructive manner with my critical observations.
    Let us not take personal offense to a critical (re)view of a nation state’s geopolitical activity.
    Mrs. Sibel Edmonds: http://www.boilingfrogspost.com/contact/
    Mr. James Corbett: https://www.corbettreport.com/contact/

    If wrong information was presented we will all benefit by your helpful input in correcting false information.

  4. Alan Scott says:

    Thanks, Ron. Sorry, I sometimes get a bit worked up about the c**p circulating out there about Turkey. And as the lady observed, there seems to be a wide coalition of interests serving it up. I can’t understand why they get so excited about Turkey when it seems to me there are guiltier governments around.

  5. RonMamita says:

    Thank you Alan, I totally understand, and the international community has many reasons to point the accusatory finger at the Hypocrite U.S. government.
    – An effective slogan for world war, don’t you think? –
    A villain, the U.S., a exceptional “enemy” in plain sight for the world to rally a world war.

    What the rest of the world may not be aware of is that the mass media is effectively hiding the fact that a massive distaste for the U.S. government is domestic for perhaps the first time since the 1775 rebellion.
    Each month more proud, patriotic citizens are awakening to the deception. They face the ugly truth that “their government” (in this case the U.S., but take your pick from 192 other nations) is a captured state deceiving the world.
    I am proud it has not erupted into armed conflict, because a revolution would be a defeat even if the U.S. government lost. A revolution would only return us (revolution = 360 degrees) to the same predicament we are witnessing today.
    I can identify 193 guilty nations, but as you say none more guilty than the center stage U.S. public face promoted worldwide in the leadership role. But choosing sides only would perpetuate this fraudulent system with a different puppet figurehead nation state.

    As slow and messy as this current transition is – it still has the potential to usher in the next Age because instead of supporting war we have worldwide awareness of institutional deception.
    My wish is to live to see grassroots massive worldwide boycotts, an end to this Age of Deception…

    To be fair to James Corbett, he (as you said) “get so excited about” all 193 nations, Turkey happened to be the topic in the above report.
    As for Mrs Sibel Edwards, who is fluent in English, Turkish, Farsi and Azerbaijani, you would get the answer to your question if you ask her directly in Turkish.

    I see Truth Seekers all in this together, facing one world of mass deception.

  6. RonMamita says:

    War On Terror: Here Comes Pakistan

    “Pakistan Joins Russia, Condemns Any Attempts to Topple Assad in Syria”
    “Pakistan is also against foreign military intervention in Syria and fully supports the territorial integrity of the Syrian Arab Republic,” Aizaz Chaudhry said during a meeting of the Senate Foreign Affairs Committee.

    https://lozzafun1.wordpress.com/2015/12/25/pakistan-joins-russia-condemns-any-attempts-to-topple-assad-in-syria/

  7. RonMamita says:

    They Are Making The Call To Arms Public

    Apparently the efforts to escalate the World War are being increased via mass media!

    null

    On Sunday, Swiss army chief André Blattmann warned directly to a Swiss newspaper that social unrest in Europe is rising. He warned that the increasing aggression in public discourse is becoming “dangerously aggressive” among Europeans. In general, tensions are rising and it presents a major political risk. He stated bluntly that “social unrest cannot be ruled out.” Blattmann also warned that the basis of Swiss prosperity, “has long been once again called into question.” He further called upon Switzerland to arm itself. –ArmstrongEconomics.com

    Source: http://deutsche-wirtschafts-nachrichten.de/2015/12/28/schweizer-armee-chef-warnt-vor-sozialen-unruhen/

    Iran launch missile tests in the Persian Gulf.

    Iran warned the international community beforehand and yet the U.S. see it as provocation:
    http://deutsche-wirtschafts-nachrichten.de/2015/12/30/us-militaers-nervoes-iran-testet-raketen-in-der-naehe-von-westlichen-kriegsschiffen/

    “US-Militärs nervös: Iran testet Raketen in der Nähe von westlichen Kriegsschiffen

    Nervosität bei der US-Militärführung: Der Iran hat einen Raketentest unweit von US-Kriegsschiffen durchgeführt. Die Amerikaner sprechen von einer Provokation. Allerdings hatte der Iran alle Schiffe gewarnt, sich von der Region im Persischen Golf fernzuhalten. ”

    A translated piece from the above news report:
    “We see these firings in such close proximity to the ships as highly provocative,” said the military official who was initially not authorized to give his name in public, as the AFP reports. He confirmed a report by NBC News, after one of the rockets to a distance of 1500 meters at the US aircraft carriers came, who crossed the Strait of Hormuz between the Persian Gulf and the Gulf of Oman. Also, a French frigate and a US destroyer were accordingly in the area.

    Saudi Arabia and Turkey agree on close [Military] cooperation

    Saudi Arabia and Turkey want to join a close strategic partnership. Both countries aim to reorder the Middle East. Whether the NATO country Turkey will also enter into a closer military cooperation with the Saudis, is still unclear.

    Read: http://deutsche-wirtschafts-nachrichten.de/2015/12/30/saudi-arabien-und-tuerkei-vereinbaren-enge-zusammenarbeit/

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The Worldwide Wave of Action
Peaceful Global TransitionApril 4th, 2014
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportFebruary 2nd, 2014
Institutions of crime Big days have come and gone (government Elections, and Tax filing). Search for what is hidden and for what is not spoken. Be Aware of the next big Day for fraudulent institutions.
RonMamita
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