Dec 13, 2010
A British tycoon is identified by US diplomats as the man at the centre of one of America’s worst recent corruption scandals, in which large bribes were allegedly handed over in the ex-Soviet state of Kazakhstan.
Robert Kissin, a UK banker and commodity trader, is alleged to be the key middleman who handled a $4m (¬£2.5m) secret payment.
According to leaked US diplomatic dispatches released by WikiLeaks, the cash was moved through a Barclays bank account set up in London on behalf of an offshore shell company registered in the Isle of Man, where true ownerships are easier to conceal.
The money was designed to help Texas oil services company Baker Hughes make corrupt payments to Kazakh state oil chiefs in return for a lucrative $219m contract, according to the company’s subsequent admissions.
This article was posted: Monday, December 13, 2010 at 5:07 am