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Dubai Ports Deal

by Open-Publishing - Tuesday 28 February 2006
3 comments

Trade-Exchange Rates International USA

The handling of the DPW ports deal has the hallmarks of the classic government coverup (or "goverup" as I like to call them). The coverage by mainstream media is some of the worst I have ever seen: Key facts, readily available in official government documents and Congressional testimony, continue to be ignored, and Administration’s claims that critics are being discriminatory are seldom challenged.

In fact, the Dubai firm, a state-owned operation, received more generous treatment from the reviewing committee, CFIUS, than have other state-owned firms, in non-Arab countries. See the July 15, 2005, report by the Congressional Research Service (CRS), available online at http://www.fas.org/sgp/crs/natsec/R....

Of an estimated 1500 Exon-Florio deliberations by CFIUS, CRS found only one case resulted in prohibition of the transaction. Notably, that transaction involved a state-owned company, the China National Aero-Technology Import and Export Corporation. CFIUS required modification of other deals involving state-owned firms, including one that involving Nippon Telephone and Telegraph Company (Japan), and one involving Hutchinson Whampoa Ltd. of Hong Kong, and Technologies Telemedia of Singapore.

In October 20, 2005, Congressional testimony, Patrick Mulloy, a member of the United States-China Economic and Security Review Commission, cited a transaction involved a French-controlled firm that generated Congressional concern and indicated he had concerns of his own regarding a transaction involving Kuwait Petroleum Company. Mr. Mulloy’s testimony is available online at http://www.uscc.gov/testimonies_spe....

Mr. Mulloy’s testimony was highly critical of CFIUS and of the Treasury’s implementation of the Exon-Florio Provision in the Omnibus Trade Bill of 1988, the law that applies to national security reviews of foreign takeovers.
Citing a GAO report [Oct., 2005], Mulloy said the Treasury Department, as Chair of CFIUS, has "narrowly defined what constitutes a threat to national security," and said, "The agency is so wedded to its open investment policy that it leans over backwards to protect that interest over legitimate national security concerns." GAO’s 2005 report is available at http://www.gao.gov/htext/d05686.html.

posted bygoverup1
http://www.goverup.com

Forum posts

  • well what i havent heard anywhere from any pundits , and i think should be obviously clear to everyone that someone is blackmailing the shit out of these imbecilic neocons. i mean it is abundantly clear that the bush admin is filled with ex felons pardoned by his dad who should be in under the jail.these menaces in the bush admin are the iran contra affair murderers they are the ones who cause all the assasinations of sovergn state leaders whom they disagree with and obviously dubai has the goods on them and are threatening to expose them for the thiefs and murderers that they are.

    • Maybe they have evidence about 9/11, the London bombings, and other false flag and black ops that the "government" (i.e., not a legal one) has been involved in.

  • I was in a family for more than 26 years who joined Organized Crime, but this wasn’t any ordinary Criminal System. Parts of my story have been on the internet for a while and I want to add a DUBAI connection. My life’s experience in this story includes crosses with Gus Boulis/Abramoff, MOB, Rosemont Illinois, Chicago’s Hired Truck Scandal, Dubai Corp links and many more. Also, there’s another part of Gus Boulis’s story that hasn’t surfaced yet and that explains other interesting facts about his business.

    While married in the early 1990’s, those married-in were told all about the family’s business. One most interesting part is that at that time, the Federal level had their own Corruption Laundromat. It was almost unspeakable by the family purely out of fear. It’s known as:
    Mandarin Oriental Group
    http://www.mandarinoriental.com/hotel/520000016.asp

    The owner is known as:
    Look Who’s Talking
    http://www.modernagent.com/x/modernagent/visitor/resources/editorial.cds?n=6039

    The Tribune wrote an article a little while ago:
    Just who is building Mandarin?
    http://www.chicagotribune.com/business/chi-0510020321oct02,1,4790705.story?coll=chi-news-hed
    They questioned who was behind the company. From what I personally know, the same people who are behind the Dubai company also own the World’s Largest Corruption Laundromat.

    Marty Didier
    Northbrook, IL