Nexus - 0902 - New Times Magazine-pages

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Citibank, according to General Cocke and many others who were involved, was "the cheese" behind the Project Hammer trading program. And then there is the Chinese connection to van Rooyen's Eastech International Bank and van Rooyen's and Stander's involve- ment with both Hammer and Jacobe. Citibank, according to General Cocke __ process are regularly said to be in the many and many others who were involved, was trillions of dollars. This is confirmed in the "the cheese" behind the Project Hammer deposition of General Cocke, who argues trading program. that the Hammer program "expanded" by And then there is the Chinese connection Dan Hughes in 1989 would have become to van Rooyen's Eastech International Bank "enhanced" over the decade and now be and van Rooyen's and Stander's involve- _ worth over one thousand billion dollars. It ment with both Hammer and Jacobe. is also confirmed by the documents iss by the late Baron von Krupp's Swiss lawyer, SECRET FUNDING FOR DENIABLE which reveal "profits" in excess of US$12 GOVERNMENT OPERATIONS trillion. The foregoing has merely scraped the Amounts of this magnitude could punch surface of what is an exceptionally com- a massive hole through the shortfalls in plex and extensive story. A great deal of social welfare programs around the world. further investigative work is required to Famine could be eradicated from the face plumb the depths in order to present a more _of the Earth, and death from easily curable comprehensive account. Presently there diseases (in the southern hemisphere in are more questions than answers. particular), which spiral for lack of money, Hammer and Jacobe, meanwhile, are could easily become a thing of the past. only two of many other trading programs All this could be achieved if these huge currently under investigation by this writer. gobs of money were brought in from the Others with names like "Redhead", cold and placed "on ledger". "Grandmother" and "Graystone" also need But there appears to be no will to do this. investigating. Too many difficult questions and harder-to- These programs eclipse more secrets than justify explanations block the way. How you can wag a dog's tail at. They represent would G7 governments explain to a cynical the very pinnacle of covert funding for public that decades of drug money and ille- deniable government operations. Slush gal weapons sales proceeds had been laun- funds that have been generated by this dered with their blessing (albeit in secret) A memorandum under the letterhead o: Senn, Christians & Letemeyer, and signe: by Carl Herman Letemeyer (see exhibits), lists four bank accounts which collectively have a balance of US$71 billion. The bulk of this is listed as being held in account number 4 77 22 P at Standard Chartere International Trustee Limited, London; US$9 billion is shown under account num- ber LVI 820975 TI at Citicorp, New York; US$12 billion is listed under the Bank o China, Hong Kong, account number 5555 201HE; and US$3 billion in the Bank o East Asia, Hong Kong, account number 78 9520 370. The memorandum is dated October 3, 1989—right in line with the Hammer and Jacobe trading programs. This is more than interesting. Other information provided to me shows that Standard & Chartered Bank was deeply involved in the Jacobe program. According to a detailed memorandum in my possession, the trustee of the Jacobe program had "arranged that the monies be funnelled through a Trust account" of this bank. 82 = NEXUS Project Hammer Continued from page 24 www.nexusmagazine.com FEBRUARY — MARCH 2002