CIA bank accounts used to funnel oil deal money, court documents claim
July 18, 2011 15 Comments
By JOSEPH FITSANAKIS | intelNews.org |
Court papers in a bizarre lawsuit involving $258 million in missing funds from an international oil deal, appear to show that the funds were channeled to dormant CIA bank accounts with the help of an Agency employee. The case is being ignored by US media, but has attracted attention in the Irish press, because an Irishman, Ed O’Neill, is the primary defendant in the lawsuit. O’Neil was the main consultant broker who helped facilitate a 2008 oil deal between involving NIB Petroleum of Venezuela and Russia’s Gazprom, both of which sold oil to Turkey’s UP Petroleum. Among O’Neil’s tasks was ensuring that six consulting companies were paid a total of $258 million for helping facilitate the complex deal. The Turkish company, UP, paid the funds to O’Neil, but they never arrived to the six companies. The latter are now suing O’Neil for the missing money. But Irish quality broadsheet The Independent, says it has seen copies of the court papers, filed in the US state of Illinois. According to the documents, O’Neil told his clients, who were awaiting the money, that he was having trouble wiring it to them, and that he had enlisted the assistance of a friend of his, by the name of Carlos Jesus Navarro, who was a CIA operative. According to the testimony of the plaintiffs, O’Neil told them that Navarro had access to several dormant CIA bank accounts, which could be used to wire the money around the world. With Navarro’s alleged help, the funds were then transferred to banks in Luxembourg, Lichtenstein and the island of Guernsey, before making their way to the Cayman Islands. From there they were transferred to Germany’s Commerzbank, and finally to a Bank of America branch in New York City. The money was supposed to be transferred one last time to the plaintiffs’ bank accounts in Chicago; but this last transfer never took place. When questioned by the companies, O’Neil claimed that Navarro had told him the transfer had been temporarily halted by the US Department of the Treasury, in connection with an FBI investigation into money laundering by Colombian drug cartels. But when the Treasury Department was contacted by the plaintiffs, the latter were told that the US government had no record of having impounded any of the aforementioned funds. The court documents, which are at the disposal of The Independent, raise numerous questions, including: does Carlos Jesus Navarro actually exist, and is he really an employee of the CIA? If so, was his employer aware of his use of CIA bank accounts to channel funds from an international oil deal? Moreover, what happened to the money, and does the CIA hold the answer to this question? Watch this space.
S. PHELAN and D. McDONALD “Man being sued over €185m oil deal ‘had lodged money in CIA accounts’” The Independent [13jul2011]