Sunday, August 26, 2007

Lessons in Laundering

It's not just British Airways in trouble with the authorities over illegal price fixing and dealings over money. According the Nigeria's Sunday Tribune.

"The Economic and Financial Crimes Commission (EFCC) last week, arrested and detained the Managing Director of a private airline believed to be owned by a former governor for four days, in connection with money laundering investigation involving the governor from the South South geo-political zone.

The airline chief was said to have been quizzed because of his business relationship with the former governor, who had a running battle with the political leader of the zone and currently cooling off in South Africa. The airline is said to be owned by the ex-governor. It was also discovered that about 35 blocks of apartment owned by the thieving ex-governor in South Africa are on the shelves for sale by one of his brothers. The former governor also owns a mansion in Abuja, the nation’s capital, believed to be the most expensive property in the city and fitted with an ultra-modern theatre and can conveniently accommodate 100 guests."

Make's anything that the BA staff may or may not have done seem relatively small time. Then again when it comes to scams the Nigerians take a lot of beating. Had any dodgy emails lately asking for your bank account details and a chance to earn a fortune?

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