The instructions to the BB Naft shareholders were dated and signed in Beirut, but the agreement for the guarantee was signed by lawyers and verified by the office of the BNP Paribas bank in Marrousi, Greece. All quotes delayed a minimum of 15 minutes. He was one of the witnesses in the pretrial investigation. In one email exchange in 2011 involving a British company representing ALIMPORT the Cuban state agency that handles food and agricultural imports, valued at nearly $2 billion in 2014 that wanted to open an account with the BBVA bank, a bank employee in Great Britain asked why documents related to Miramar Investment Corporation Ltd had been notarized in Switzerland. The aftermath of the devastating earthquake in Turkey and Syria is no exception. The Tories can get away with corruption and sleaze when theres no real opposition. Sonatrach has been involved in at least two major corruption cases in the past decade, both of which involved the payment of bribes to company employees and officials. It showed that fuel was of acceptable quality, when another test showed it was not. You can unsubscribe at any time*. Image: Cables of the electric generators in the Lebanese capital BeirutCredit: ANWAR AMRO/AFP via Getty Images, except East and Southern Africa & West and Central Africa. Starting in the early 1990s, Cubas Ministry of Foreign Trade, through the Compaa Panamericana S.A, used Mossack Fonseca to create a string of disguised companies in Panama, the Bahamas and the British Virgin Islands that bought and sold medicines, cigars and food. . Mango madness in IndiaSouth Asia diaspora reporter Gaggan Sabherwal shares the story of the Indian couple whove employed security guards after discovering they had planted an extremely rare mango tree by mistake at $50 a mango they aren't taking any chances! Procs du fuel dfectueux : 22 personnes sur le banc des accuss. Ltd., after several rounds of negotiations with a number of companies, the official added. Landlords are eligible for up 5,000 to cover two thirds of energy efficiency work. The proposed payment mechanism is the latest sign of the growing proximity of Venezuelas cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. One lawyer for BB Naft, Noureddine Kabalan, asked Mossack Fonseca in April of 2008 to create a power of attorney so that the empowered person can be authorized to sign on behalf of the company in Syria and Iraq for specific transactions.. LONDON, July 28 (Reuters) - Oil trading firm BB Energy has hired Jacques Erni as its new chief financial officer (CFO) starting Aug. 2 based in Dubai, the company said. Le Commerce du Levant / By Nada MAUCOURANT ATTALAH, Fouad Gemayel, 28 May 2021 19:51, Twenty-two defendants are set to appear before a criminal court on charges related to a tainted fuel case that dates back to March 2020. Instead, investigations have revealed that at least two companies owned by Lebanese businessmen, BB Energy and ZR Energy, were bringing in the fuel. By signing up, you agree to our Terms and conditions and privacy policy. Aguilar also has served as a deputy in the legislative National Assembly. Campuses would have to give up testing resources and send them to Randox, they continued. Tens of thousands of teachers take action, Some workers defied a government strike ban, Teachers report more picket lines than last time, This article is over 1 years, 3 months old, Its not just the bodies that Boris Johnson let pile highits the cash too, reports Sam Ord. Its stated aims are to challenge what it describes as the extremely damaging and harmful policies designed to mitigate climate change. According to an undated internal PDVSA document, Indias Reliance Industries Ltd - PDVSAs largest cash-paying client was also asked by PDVSA to pay Rosneft directly in April for oil sales under a long-term supply contract with the Venezuelan company. BB Energy Group has invested in Gasmeth Energy Global, a company focused on the responsibly extraction, processing, and distribution of methane gas from Rwandas Lake Kivu, one of the African Great Lakes. State-run Bangladesh Petroleum Corp., or BPC, has awarded the building contract to a consortium of Japan's Marubeni Corp., Vitol Asia Pte. Employees are required to act honestly and ethically when dealing with business counterparts. This is why parliament cannot be relied on for fundamental climate action. Successive . According to the Dubai commercial register, ZR Energy DMCC is fully owned by Zaouk. Instead of seeking to polish and rescue parliaments reputation, Labour and the unions should be campaigning for a complete clean out of corrupted MPs. Hes right, but the cruelty is the treatment of ordinary people and the contempt politicians have for the rest of us. A lawyer for Panamericana, Katiuska Peado Moreno, and a former commercial attach at the Cuban embassy in London, Alejandro Gutirrez Madrigal, are listed as the beneficiaries of shares in Miramar Investment Corporation Ltd. worth $50,000. The long list of companies linked to the Cuban government or active in Cuba also includes Sanford Management Financial Ltd.; Commercial Mercadu S.A. (linked to Panamericana); Amadis Compaa Naviera S.A.; Seagull and Seafoods, S.A.; Mavis Group S.A.; Octagon Industria Ltd; Travelnet; and Venus Associates Inc., among others. and Promotora de Cigarros S.L., two companies registered in Spain and involved in the sale of Cuban cigars. Its official address is the same as that of BB Energy Trading: 140 Brompton Rd., London, SW3 1HY, United Kingdom. Rosneft, which has heavily invested in Venezuela under President Vladimir Putin, did not respond to a request for a comment before Reuters published its story on Thursday. At the time of renewal of the contracts related to supplying the Lebanese market in December 2018, ZR Energy, owned by Teddy and Rimon Rahma, took a share of it for 3.75 USD/metric ton for Sonatrach, the thing which Tarek Fawal insisted on denying in his interview to the Lebanese newspaper al-Akhbar. Mansour had initially leveled the same accusations against the Lebanese company ZR Group Holding SAL and issued an arrest warrant for its owner, Teddy Rahmeh, which was withdrawn after bail was posted. Their combined donation amounts to a total of 54 million. One Bloomberg report showed BB Energy. (Credit: Philippe Hage Boutros/OLJ). One of the directors of both Curtdale and Ardpoint starting in 2011 was Hernn Aguilar Parra, executive director of Grupo Empresarial de Tabaco de Cuba, known as TABACUBA, the governments tobacco monopoly. Registered in: Panama Linked countries: Cuba Agent: Mossack Fonseca Search in: The Panama Papers data is current through 2015 read more Incorporated: 21-DEC-1984 Status: Active Connections: Linkurious and Neo4j Officer (3) Intermediary (1) Explore more from Panama Papers Mossack Fonseca The players By subscribing, you contribute to our financial and editorial independence. Yahya Mawloud, the operations manager of Middle East Power, the company operating the reciprocating engines installed in Zouk and Jiyyeh where the tainted fuel was destined for, had sounded the alarm about the poor quality of fuel in March 2020. Security agencies have warned against gangs attempting to kidnap unaccompanied children. I feel they are trying to bury this issue in the courts by stopping at mid-level employees, Yacoubian said. This was in addition to his 49,140 directors salary. The Panama Papers, documents leaked to the International Consortium of Investigative Journalists and shared with the McClatchy Washington Bureau, Miami Herald and El Nuevo Herald, among others, contain hundreds of thousands of pages from the files of Mossack Fonseca, a Panama law firm with offices in 33 other countries. The deal between the Lebanese and Algerian governments was to provide the Lebanese market mainly with heavy fuel oil to meet the needs of power plants, a fuel that Algeria does not produce in sufficient quantities, as the Algerian oil Saharan Blend is known for being a light crude type. Reports obtained by LOGI show that tests of one batch of fuel showed it could contain chemical waste. The quality of the fuel was so bad that it caused material damage to turbines at both the Jiyeh and Zouk power plants. The money is in our account and as yet we have not paid anyone, said the spokesman. Tory whips threatened MPs with the loss of local funding unless they fell into line. Read about our approach to external linking. Socialist Worker (unless otherwise stated). These high paid speeches have addressed bank JP Morgan Chase and World 50 Incan exclusive club for senior executives. The Sunday Times newspaper has revealed a phone call on 9 April last year between Paterson and the Tory peer Lord Bethell, who was the minister responsible for handing out contracts. The governments own Climate Change Committee warned in March that there is little, if any, room for increased fossil gas consumption if the goals of the 2015 Paris Climate Agreement are to be met. It has since been renewed four times. This was on top of his standard MP salary of nearly 82,000. Moreover, he denied any relationship with the ZR Energy trading company. BB Energy Group Holding Ltd. (DIFC) is managed by a Board of Directors comprising seven board members with five executive members and two non-executive members. But he was forced to U-turn to try and end the wave of sleaze allegations. Following the publication of Reuters report on Thursday, Reliance said in its statement that it had purchased Venezuelan crude oil from Rosneft long before the imposition of U.S. sanctions on PDVSA in January, as the Russian company received oil in return for a reduction in Venezuelas debt. All rights reserved. After they didn't show up for questioning, reports suggested Hleiss and Rahme were being protected by Marada Movement leader Sleiman Frangieh. The charges pressed at the end of the investigation consist of a foundation for a trial. Parliament is an unrepresentative, unaccountable front that covers for the real relations of power. But Cuba kept its links with some of the firms until very recently. Judge Aoun has charged 12 people in the case, including Electricite du Liban director-general Kamal Hayek for negligence of duty, and Hleiss and director of oil at the energy ministry Aurore Feghali for bribes and negligence of duty. The similar logo and name are explained through an agreement between the two firms that gave ZR Energy DMCC the right to use the brand and credit facility of ZR Group Holding SAL. The family controls BB Energy, a conglomerate founded in Lebanon in 1937 that buys and sells 16 million metric tons of crude and derivatives each year. That the committee review and comment on proposed and ongoing work to reduce fuel poverty. Tell Grant Shapps to stop giving away Emissions Trading Scheme permits, Former energy minister John Hayes, who has likened climate protesters to Radical Islam, has received a 50,000 salary from BB Energy since 2018. Tory MP Owen Paterson announced his resignation last week following revelations of his shameless lobbying for big businesses. While former energy ministers who signed and renewed the contract have been questioned, they are not currently at the center of criminal investigations. During his time as energy minister, Hayes caused controversy by refusing to support any further expansion to onshore wind power, describing wind turbines as a terrible intrusion. Ltd., BB Energy (Gulf) DMCC and BB Holding S.A.L. Still, the Office of Foreign Assets Control (OFAC), which enforces sanctions, has given no indications it would take that route. Corruption in the Energy Sector Corruption has been defined by Robert Klitgaard3 as "the abuse of office for personal gain". This was set to be voted on in parliament. Add your voice to our engaged subscriber community and be part of the change. In view of the foregoing debate, were forced to return to the commercial relationship between Sonatrach and the Lebanese Ministry of Energy, and the pressure exercised by former Sonatrach CEO, Abdelmoumen Ould Kaddour, to adopt ZR Energy trading company as a second intermediary besides Baha Bassatne, as a supplier in the Algerian companys name; the thing that occurred a year and a half before opening the file. BB Naft shareholder Wael Bassatne told El Nuevo Herald that his company did not violate the U.S. embargo because it is not registered and does no business in the United States. The U.S. Treasury Department declined to respond to a request for comment. The Cuban government used the Panama law firm involved in the Panama Papers to create a string of companies in offshore financial havens that allowed it to sidestep the U.S. embargo in its commercial operations. Sonatrach signed the contract while Ali ibn-Buzeid was the manager of the London branch, and Muhammad Shawki Rahhal was the marketing manager, who had been accused in the first Sonatrach lawsuit. The efforts to hide the Cuban governments hand in the offshore companies means that its officials, lawyers and other employees used as stand-ins could eventually become the effective beneficiaries of the shares in those companies. With challenges consistently facing the energy industry, we are constantly evolving, using advanced systems, procedures and processes to provide the best answers for our clients. Venezuelas oil ministry, its information ministry - which handles media for the government - and PDVSA did not respond to questions. Boris Johnson initially backed Paterson. BBE has consolidated experience in trading, operations, chartering, logistics, storage, refining, and financing, trading in excess of 40 million metric tonnes (MT) of crude oil, petroleum product, and gas in 2021. Reporting by Marianna Parraga in Mexico City; Additional reporting by Luc Cohen in Caracas, Nidhi Verma in New Delhi, Julia Payne in London; Editing by Daniel Flynn, Simon Webb,David Gaffen and Marguerita Choy. Copyright 2023 BB Energy. Maduro has accused U.S. President Donald Trump of waging economic war against Venezuela. Corruption and sleaze hard-wired into Johnson and Tories, The Sun rises on Starmers appeal to media and bosses, Covid report finds deadly failings but lets Tories off the hook, 43,000 people given the wrong Covid test results, Rich get the government to do what it is paid for, New secret club of millionaire Conservative donors revealed, Scottish teachers strikes successand English regional strikes hit hard, Strikes hit Sri Lanka against new austerity drive, Teachers across the north of England walk out over pay, Secret cop unit should have disbanded, inquiry finds. 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