John Perkins hyperlinks his studies to new revelations that disclose the force for empire that lies in the back of the rhetoric of globalization....Economic hit males (EHMs) are hugely paid execs who cheat nations worldwide out of trillions of...
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Extra resources for A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption (Paperback) - Common
Now within the similar room with the NUC ofﬁcials and unqualiﬁed Nigerian bidders, the British and U. S. vendors quick discovered that, in the event that they sought after any company with NUC, they'd need to percentage the award with the entire different bidders. the 2 foreign vendors attempted in useless for 2 months to win the award truthfully whereas pleading for the help of the realm financial institution. The financial institution made an preliminary attempt to maintain the procurement obvious, yet in spite of everything allowed the ofﬁcials to achieve their scheme by way of no longer pursuing the most obvious fraud they dedicated after the award used to be made to the British distributor. this can be the way it performed out: The British distributor had sincerely submitted the successful bid, and NUC stated to the financial institution that it were offered the $25 million agreement. The award used to be authorized via the financial institution. however the financial institution was once no longer instructed that the award was once made given that the opposite 3 “bidders”—the U. S. ﬁrm and the 2 Nigerian ﬁrms—would proportion within the enterprise as subcontractors. The British ﬁrm may get 50 percentage, the U. S. ﬁrm may get 15 percentage, and the Nigerian ﬁrms could get 20 percentage and 15 percentage, respectively. And so it was once that 35 percentage ($8. seventy five million), or greater than two times the unique “commission” solicited by means of the NUC ofﬁcials, used to be offered to 2 unqualiﬁed Nigerian ﬁrms. in spite of everything, a lot of what the Nigerian ﬁrms have been to bring to the schools used to be by no means accounted for, and neither used to be the money that used to be paid to them. Argentina: Oxygen and cash Africa isn't the in basic terms position the place international financial institution money are stolen, for corruption has been the bedfellow of all Bank-funded initiatives i've got encountered through the years. And whereas i've got came across alterations within the sophistication of a number of the scams perpetrated through govt ofﬁcials and their affiliates, all constituted fraud and embezzlement. for instance, the sophistication of a rip-off 170 A online game AS previous AS EMPIRE regarding a $100 million future health venture in Argentina used to be in a distinct league from the blatant makes an attempt to extort kickbacks by way of ofﬁcials of NUC in Nigeria. The Argentine undertaking used to be created to enhance future health providers in numerous provinces and the town of Buenos Aires. It used to be controlled during the nationwide Ministry of health and wellbeing. financial institution money have been for use to rehabilitate sanatorium amenities and supply consulting companies to enhance overall healthiness coverage and management. undertaking operations have been controlled through provincial undertaking devices that mentioned to a imperative coordinating unit within the ministry. Contracts have been presented through the provincial devices with the approval of the important unit, which dealt with the disbursement of financial institution money. This created a multilayered agreement award method that ofﬁcials at either degrees manipulated to fit their very own agendas. The health facility rehabilitation application concerned a variety of civil works contracts and the procurement of scientific apparatus. one of the gear awards was once a $750,000 agreement for clinical oxygen producing vegetation for 2 of the hospitals. After a criticism via a wasting bidder, financial institution investigators discovered that the agreement were presented to a newly confirmed neighborhood corporation that claimed to be the specific consultant of a credible U.