The Corruption Continues Part 5

The Rest of the Story

 

nuclear power plant

In my continuing research on Uranium One, I have come across a lot of new information. I went back and re-read my first 4 parts, and still stand by all of it, but I do have new details that seem to be important in understanding the criminality that took place. This story is very complicated. Sorry for the length, and it may seem disjointed….there just are a lot of moving parts, that all connect to a culture of mass corruption in our government.

rosatom logo

The first thing to consider is just what is Rosatom. Rosatom is the fairly, newly, created wholly, controlled nuclear agency in Russia. It controls some 360 businesses and research units of which the American subsidiary, TENEX, is one. It produces in excess of $300 billion in revenue a year to the Russian government. It currently is constructing 40% of all new reactors in the world, 40% of all enriched uranium and 17% of the world’s nuclear fuel. In other words, Rosatom is responsible for a huge chunk of the Russian economy. I have learned from several sources, that Uranium is running out in Russia and one of Rosatom’s strategic goals was to increase their availability to the world’s uranium supply….as selling enriched uranium is a huge part of what Rosatom does. Thus the purchase of Uranium One was a strategic move to control more uranium production. I firmly believe acquiring Uranium One, was much more about the Kazakh mines than it was about the American supply, but either way it was about controlling more.

If I might digress for just a minute…..everything in Russia is corrupt by our standards. What I have come to understand is that Russians think very differently about economics and law than we do. We have learned from childhood that the rule of law is of the highest consideration when doing anything. We call it playing within the rules. We fully expect that contracts must be honored, and if they are not, we have a legal recourse to receive a remedy. We have to understand that is not how business is done in Russia or any of their satellites, like Kazakhstan. Who has the most money and power makes the rules. If you don’t like it you could die. They will pay to get what they want, and if they can’t get it, they will use whatever method necessary to get what they want. They put on a charade when working with the West that they are law abiding, but it’s just for show. They firmly believe we are weak and our laws are simply obstacles to work around, using money and intimidation. Anyone working with the Russians must understand this difference. And if you believe for a minute that Frank Giustra, Bill Clinton, or any of the others working with them didn’t understand this, then you miss a large portion of what happened. A close friend of mine is from Russia and is in business. He confirmed that the Russian government operates like a mob family. There is a hierarchy, run by the Don….Putin, the oligarchs are the lieutenants. They run things how they want, using the laws they make to punish their enemies. If that doesn’t work they simply put them in prison or take them out permanently. My friend told me, that anyone working with a Russian, should expect bribes, kickbacks and extortion. This is how normal business is conducted. Russians are simply amoral criminals.

oligarchs

They are “governed” by a myriad of what we call oligarchs. These are the billionaires that were created immediately after the collapse of the Soviet Union. It’s not complicated to understand how this happened. Boris Yeltzen was elected after Gorbechev left. The economy had collapsed and Yeltzen was trying desperately to save it. He pushed for a new free market system. But these kinds of changes take decades to implement…..he couldn’t wait. So he immediately privatized almost all of Russian industry. In communism, the state owns everything. So who would own it? The stated goal was for the people to be able to buy into companies….not unlike our private stock market. He issued vouchers to every citizen that they could use to buy stock. Very quickly after this, a black market was created. The vouchers were being gobbled up for cash by a few, shall we say, “Entrepreneurs” . Many of these investors were criminals that had acquired large sums of cash illegally. They soon learned that they could use their ill gotten gain to acquire an entire industry. After just a few years, Russia’s entire economy was in the hands of a few rich men, which now became the oligarchs. They had accumulated great power by being able to control large swaths of the economy. This was the environment Bill Clinton faced during his tenure as president. He understood Russia and their system better than most. He made a lot of friends there during the 90s.

Back to Rosatom.

tenex logo

If you will recall in 2008-2009, the FBI had opened an investigation into the dealings of TENEX, the subsidiary of Rosatom in America. An employee of TENEX, Vadim Mikerin, had been discovered extorting his customers. This was discovered when an American he was extorting went to the FBI. His name was William Campbell. He owned a small lobbying firm that was hired in 2008 to lobby the American government to buy more uranium from Russia. He contracted with Rosatom for $50,000 per month. Mikerin extorted Campbell by telling him he would send half that money to an offshore bank account in Belize and Switzerland. Campbell went to the FBI. He became an informant to gather information concerning the corruption. This investigation continued for another 5 years, and it is unknown whether this investigation by the FBI into Russian corruption was ever made known to CFIUS while it was considering the Russian purchase of stock in Uranium One in 2009 and again in 2013. You can read more about the case here:   This is important because if Rosatom, through its TENEX subsidiary, was conducting illegal acts in its dealings with the uranium industry, why would this not be made known to CFIUS. Remember that the DOJ is part of CFIUS. It begs the question of why? Did CFIUS know and ignore the corruption, or was it quashed by the DOJ or the FBI under Comey’s control? Either way it points to massive corruption or incompetence at the highest levels. I, for one, am not buying any incompetence. I believe there lack of knowledge was purposeful…..that they knew, and chose to ignore it so money from Rosatom and Uranium One investors could continue to flow into the Giustra and Clinton Foundations. Just how you prove such an allegation is difficult. In my next post, I will lay out a pattern of corruption by Hillary Clinton that leads me to my conclusion. Only by seeing the pattern, can you prove just how criminal the entire Uranium One episode was. Without seeing this pattern, good luck proving any crimes. For every apparent crime, there is a counter explanation that can and will be made to defend the action. It’s an old business tactic called “plausible deniability” and is used almost daily in Washington. It has been reported that the criminal behavior and ultimate investigation and conviction of Mikerin was separate from the Uranium One acquisition. You can read about the FBI investigation into Mikerin here. Never mind that TENEX was bribing and extorting its customers, but are they separate issues? In my post, INTO THE WEEDS 11, I outlined John Podesta’s involvement in a company called Joule.

john podesta

He was given 75,000 shares of stock and a seat on the board of directors. He served on that board with Reuben Vardanyan, an oligarch in Russia and a co-founder of the newly created, at the time, SKOLKOVO project. Skolkovo was an attempt to acquire US technology. Also seated on that board was Anatoly Chubais, the head of Rosatom. So here we have John Podesta, Anatoly Chubais, and Reuben Vardanyan all seated at the table of a company that received $35 million dollars from the Russian government as a “grant” and a mysterious shell company, Klein, Ltd, set up by the same agents that created Joule paying Podesta’s group, Center for American Progress, millions. All while Hillary Clinton is pushing 17 American tech companies to invest in Skolkovo. Coincidently, all 17 American companies “donating” some $25 million to the Clinton Foundation. By the way, in case you haven’t read the background on Joule in my piece INTO THE WEEDS 11, Joule is an energy company based in New Jersey.

tony podesta
Tony Podesta

You see, it is one of those so called front companies that Russia uses to defeat our laws.
In a sort of side story to all of this is the “Magnitsky Act”. Its a long story so I won’t relay it here, but you can read about it here. Tony Podesta, John’s brother and owner of the lobbying firm,The Podesta Group, Contracted with Sberbank, the largest bank in Russia, to lobby congress to repeal this sanctions act against Russia. Watch this blockbuster video describing The Podesta Groups involvement in Uranium One. https://www.youtube.com/watch?v=gVkCbHe-Dm8
tucker
The Mikerin episode was reported as an attempt for Russia to gain more business in America selling uranium. The question still remains….was it connected to the Uranium One purchase? It defies credulity to believe otherwise. Rosatom put all the pieces in place. Starting as far back as 1993 with the sale, to the US of its uranium assets, all the way up to the acquisition of Uranium One. Bribes, extortion, money laundering in order to secure control over the US uranium purchases by American energy companies. And at the heart of the corruption is John Podesta, his brother Tony who was the lobbyist working for Rosatom in America, And Bill and Hillary Clinton using their foundation as a cash register. You may have read that during the period of time in question….2009-2013, $145 million flowed into the Clinton Foundation from undisclosed sources, purportedly from sources connected to the Uranium One purchase. Some of this is a guess, but all evidence points in that direction. As I reported in another part of this continuing saga, Frank Giustra and Bill Clinton created the CGEP in 2007. (Clinton-Giustra Enterprise Partnership) It was established by Frank Giustra and two aids to the former president, Eric Nonacs and Bruce Lindsey, both employees of the Clinton Foundation. On the Clinton Foundation website it states the purpose of this enterprise: “combining the best of non-profit and for-profit approaches to create new enterprises that capitalize market opportunities to generate social impact by addressing existing market gaps in developing country supply or distribution chains.” The only for profit goal was for Bill and Hillary Clinton. Giustra pledged $100 million to this enterprise. But the CGEP was simply a money laundering mechanism. You see, US law, and an agreement Hillary made with the US government when she became SOS, declares that donors to the Foundation must be disclosed. The CGEP was chartered in Canada where no such law exists and Hillary believed didn’t apply to her agreement. This allowed the CGEP to accept millions and millions from undisclosed foreign donors. Then CGEP is free to donate to the Clinton Foundation in the US, only disclosing that the donation came from the CGEP in Canada. Mission accomplished, money successfully laundered. I suppose we will never know who all the donors were to the CGEP, but would you like to take a wild guess that there might be a few Russians on the list? Let’s now take a look at some of the donors that we know about, according to Clinton Foundation records. But first, know this. The Clinton Foundation has reworked and resubmitted their tax returns for this period several times. Many donors were undisclosed or under reported by millions. One of those donors, APCO Worldwide lobbied on the US government, on behalf of Rosatom/TENEX while giving money to the Clinton Global Initiative Fund, and arm of the CF. Records show APCO donated $50K when it was actually $1 million. How we can ever know for sure who or how much was donated is anybody’s guess.

 

viktor pinchuk
Pinchuk

First we have Viktor Pinchuk. A Ukrainian Oligarch, the second richest man in Ukraine, reported to have given $25 million to the CF. A close friend of Bill and Hillary, they each attended the others birthday parties. He is the owner of Interpipe, the largest steel producer in Ukraine. He has defied US sanctions and sold steel to Iran. Sound familiar? This is what Bill’s friend Marc Rich did for a living. It’s another similar story. Everybody knows he is doing it, but if you give enough to the Clinton Foundation, $25 million, the SOS will simply look the other way. Here is more information on Viktor Pinchuk: https://www.rt.com/usa/243017-ukraine-clinton-foreign-donors/

marc lasry
Lasry

Marc Lasry. Mark Lasry is the current owner of the Milwaukee Bucks, which he purchased for $500 million. He also owns Avenue Capital, a 12 billion dollar hedge fund that nets Lasry $280 million a year. He is a billionaire and huge donor to the Democratic Party and personal friends with Bill and Hillary. He also has many Russian friends. Lasry was recently linked to Alimzhan Tokhtakhounov, who is a known Russian mobster, currently on the run for gambling and money laundering. Seems like Lasry loves to gamble and play for millions. Lasry has unlimited access to Hillary Clinton and has donated at least $100,000 to the foundation and has raised millions for her campaigns.

 

vekselberg
Vekselberg

Viktor Vekselberg, according to CF reporting, Mr. Vekselberg, and his companies donated over a quarter million dollars to the CF. In June of 2010, Bill Clinton met with Vekselberg, in Russia, along with several other Russian oligarchs…..reasons unknown. Shortly after that meeting, Bill Clinton gave a speech in Moscow where he was paid $500,000. My educated guess is that Bill Clinton’s involvement with Vekselberg has everything to do with an American technology transfer to Russia. Vekselberg was placed in charge of the Skolkovo project; I’ve spoken about several times. Back in March of this same year, Hillary invited Medvedev to Silicon Valley, In July; Vekselberg announces Cisco will commit 1 billion dollars to the Skolkovo project. 3 months later Cisco pays Bill Clinton $260,000 for a speech. Cisco also donates $1 million to the CF. You can read more about Hillary’s involvement with Vekselberg here: http://www.washingtonexaminer.com/emails-show-clinton-ties-to-russian-oligarch-under-investigation/article/2601514

Mikhail_Prokhorov
Prokhorov

Mikhail Prokhorov, another sports enthusiast, Prokhorov owns the Brooklyn Nets basketball team. Prokhorov is another Russian oligarch who owns Renaissance Capital, the firm that paid the $500,000 for Bill Clinton’s speech in Moscow in June of 2010. I might add that the founding CEO of Renaissance was Michael Madden. Madden left Renaissance in 2007, when Prokhorov paid $500 million for the venture. Oddly enough, Madden now is the CEO of Teneo Capital, the company that works hand and glove with the CF.

michael Madden
Madden

 

lucas lundin
Lundin

 

Lukas Lundin, in 2010, congress passed the Dodd-Frank reform bill. Within that law was a provision for mining companies in the Congo to respect human rights through a new certification process.

Although then-Secretary of State Hillary Clinton visited the Congo in 2009, she unexpectedly delayed implementation of a landmark “certification” program designed to assure human rights were respected by mining companies like Lundin’s in Africa. Lundin donated $5 million to the CF.

ian telfer
Telfer

Ian Telfer, chairman of Uranium One and close friend of Frank Giustra donated several million to the CF while the Russian purchase was being made. ¾ of his donations of $8.6 million came through his family foundation….Fernwood, which was not disclosed. When this was discovered the CF said they made a mistake and would refile once again. The Clinton-Giustra Enterprise Partnership further donated another $33 million to the CF that came as a “bundle” with undisclosed donors. We may never know where all the money came from. You can read more about some other interesting donors to Clinton here: https://www.politico.com/story/2016/11/chelsea-clinton-foundation-marc-husband-230859

 

Finally, I would like to add one more large piece to this puzzle. The so-called “Trump Dossier”. Just how does this figure into all this corruption. About a year before the election of 2016, The Washington Free Beacon hired a company to do candidate research on the front running republican candidates. The company they hired was Fusion GPS. By April of 2016, it was clear Trump would win the nomination and that research was stopped. In that same month, Fusion GPS was hired by a law firm named Perkins-Cole to do opposition research on Donald Trump. Fusion GPS then hired a man named Christopher Steele.

aaaaa
Steele

Mr. Steele is a former MI 6 employee that worked in Russia and had many contacts in the Russian government. He produced a report that became to be known as the Trump Dossier. This report contained information about Trump’s business and personal dealings with Russia. It was selacious and disturbing in its content. The problem with the report, was nothing in it could be verified. The report was presented to Marc Elias, an attorney for the DNC, days before the election. Fusion was paid some $9 million for this work by Perkins Cole, who worked directly for the DNC and the Hillary campaign. After the election the report was leaked to the press. On a side note, I discovered, that the plan to tie Trump to the Russians was hatched at the DNC at the same time to attempt to remove him from office. The press, even though they had the report in November, did not publish it. Nothing in the report could be verified, and to their credit did not make it public. That is until a small website decided to publish it on January 10, 2017. After it came out, the rest of the media jumped on board. OK, so that’s the background. Before the dossier was made public, sometime in December of 2016, it came into the possession of John McCain. He then passed it on to the FBI as secret information from British Intelligence. Now this next part is very, very important. First I would like to say, that this cannot be independently verified. It’s a conclusion, but it is the only conclusion that can be made based on all the facts that are known. The FBI used that unverified and untrue report to acquire a FISA warrant in order to conduct surveillance on the Trump Tower and of the president elect. Stop and think about that. The FBI conducting surveillance on the president of the United States, and a court gave them a warrant to do it, based on a report that was merely made up! But Ken, you would say, what does this have to do with Uranium One? In two words….not much! But I am attempting to clarify a connection between Hillary and the Russians. Someone in that crime syndicate in Russia, at the behest of the Clintons, provided false information on Donald Trump that could potentially remove him from office. When we consider the point that CFIUS signed off on the Russian purchase of Uranium One, we must look at this warrant that was obtained by the FBI. If the DOJ could be persuaded to do this, is it then, a huge leap that they would hold back the Mikerin investigation, and then sign off on the sale of Uranium One? You see, Hillary was supposed to win. I venture to speculate that Clinton was selling anything she could, to create a fortune and a dynasty. She was willing to work with the Russians in any way to get what she wanted. Her and Bill knew who the Russians were, they knew what they could do for her….and she didn’t care. American Uranium, American technology, American law….none of it mattered…..they would keep the money flowing no matter what.

 

The Corruption Continues, Part 2 The building of an empire

The creation of Uranium One

gold mine
New Kleinfontein gold mine,     South Africa

In Part 1 of this series, I laid out the Kazakhstan connection to the Uranium One scandal. You can read Part 1 here.  Let me pick up the story from there.

 

Two months after the illegal sale of Kazakh mining rights to Frank Giustra, another Kazakh official died. This time it was Zamanbek Nurkadilov. He was head of government’s emergency situations department. It was portrayed as another suicide. He apparently shot himself in the chest twice, just before shooting himself in the head. At least that was the official government explanation. The story that followed made it out to be a politically motivated death. In March of 2004, 8 months earlier, Nurkadilov spoke out in opposition to the corruption in the administration…..that means he was criticizing the president. But I must say, I believe this has more to do with the meeting between Ablyazov and Clinton, and the sale of the Kazakh mining rights than with the presidential corruption.  Look at this account from a middle Asian website called Registan.net:

“Nurkadilov had served as a parliamentary deputy, administrative head for Almaty and the surrounding region, and head of the government’s emergency situations department. In March 2004 he suddenly accused the administration of President Nursultan Nazabayev of massive corruption, and was gathering information on the first family to support allegations that they had illegally acquired many state properties and enterprises.”

Seems like Mr. Nurkadilov might have known what was going on. For him to be killed so soon after that acquisition, to me is suspect. This is how these guys play. Anyway, just a little intrigue for your enjoyment. I would like to diverge from the timeline for just a couple of paragraphs:

For over a year, opponents of Donald Trump have tried to link the president to Russia. That somehow he stole the election colluding with Russia. Other than there being no evidence of any of it, the indoctrination of the rubes on the left has been complete. Sadly, none of these leftist followers will read my blog or seek the truth for themselves. The Clinton’s, the Russians, and organized crime have been in business together for a long time. As I was doing this research I asked myself, why did Giustra take Clinton with him to Kazakhstan? Why did he believe Clinton could help him? Most media accounts have concluded that He spoke favorably about Nazarbayev, just before the 2005 election. Really?  Then there’s that meeting with Ablyazov. What we do know now, is Ablyazov is a big time criminal. I only outlined a tiny fraction of his criminal activities. In 2009 he fled Kazakhstan for London. He found himself on trial for embezzlement of BTA bank. The trial was the biggest in England’s history. Just before his sentencing on just one charge, he fled, to become a fugitive. A year later he was captured in Nice, France and put in a French jail where he would face extradition to Kazakhstan. After nearly 4 years of delay the French high court refused to extradite Ablyazov, and set him free. Its amazing what money can buy. He went on trial in Kazakhstan anyway in absentia and was convicted and sentenced to 20 years in prison. You can read about those two trials here and here.
But still the question remains: why take Clinton? Seems like Clinton knows a lot of people. Some of them not so savory. Take Grigori Loutchansky.

Loutchansky
Grigori Loutchansky

Mr. Loutchansky was invited to an intimate fund-raiser dinner with Bill Clinton back in 1993. He is a notorious Russian mobster who happens to own a bank…..do tell! Nordex in Vienna tied to Russian money laundering for years is run by Loutchansky. He has flown with Bill Clinton and Al Gore and was even invited to a Washington DNC fund raiser, but backed out in fear he would be arrested when coming to the United States. One connection to our story, is that Loutchansky is a known trafficker of nuclear materials and nuclear technology.

vekselberg
Victor Vekselberg

Then there’s Viktor Vekselberg. Although a story for another time, Mr. Vekselberg started the technology city of Skolkovo in Russia. Created during the “Russian Reset”, Skolkovo was an attempt to encourage American technology companies to invest in Russia……and they did! Billions of dollars and untold technology flew into Skolkovo. If that isn’t stupid enough, 17 of the 28 companies that invested there, donated up to $25 million to the Clinton Foundation….you can draw your own conclusions. You also can read more about Skolkovo here.

 

I could go on, but you get the picture. Bill Clinton knows the right people, or should I say the people who can make him money. This is what Frank Guistra needed. A connection to someone who was willing to sell him what he wanted….Bill Clinton earned his 31 million dollars.

But now, its time to get back to our timeline.

Uranium 1 timeline

Just how was Uranium One created. We’re now in early 2003. A man well versed in Mining is struggling with his 100+-year-old gold mine in South Africa. The mine (pictured at the top of the page) is the New Kleinfontein gold mine, and the man is Neal Froneman

neal froneman
The gold is almost gone and Froneman is about out of money. He takes what he has left and begins to convert the gold mine to a uranium mine. He controls many miles of land that contain uranium reserves. Another South African Mining company notices and a merger takes place. Aflease Gold and Froneman’s company merge under Aflease’s banner. Froneman remains at the helm, his gamble pays off. 3000 miles away in Australia, another struggling uranium company has been trying to open a uranium mine and processing facility called Southern Cross. They finally manage to get all the government approvals and the “Honeymoon” mine is reopened in 2004. Aflease has been looking around to expand its position in the world in uranium. They tender an offer for Southern Cross and in 2005 merge with Aflease to form a new company called SXR Uranium One. This is only a few months before Guistra makes his deal with Ablyazov. Just about immediately, talks begin between Aflease and Giusta’s Uraisa. Less than two months later in February of 2006, SXR buys Urasia……are you ready….for $3.1 BILLION! The new company formed is Uranium One.

The new Uranium One is now a Canadian Company listed on the Canadian and South African stock exchanges. It is now the 4th largest uranium producer in the world. Ian Telfer, a close confidant and friend of Frank Giustra is placed at the helm. Froneman remains in charge in South Africa. Over the next three years, Telfer and Uranium One directors will donate $8.6 million to the Clinton Foundation.

In the same month that Giustra seals the deal with SXR, . the still head of Kazakhstan’s nuclear energy, flies to Chappaqua to meet with Frank Giustra and Bill Clinton at his home. Both Clinton and Giustra deny the meeting took place then recant when evidence is produced. Boy, would I loved to have been a fly on the wall in that meeting.
About a year later the wheels are starting to come off in Kazakhstan. President Nazarbayev is pressuring Ablyazov to sell his shares of BTA Bank to the state. When he refuses, Nazarbayev nationalizes BTA and just takes it. Ablyazov flees to London. Not long after, Mukhtar Dzhakishev is arrested and Uranium One is getting worried

There are rumblings within Kazakhstan that the sale of those assets to Giustra was illegal. Now…this next part is important: All our media reports say that Hillary “signed” off on the sale to Russia, but this is what she was needed for and what the $31 million dollars bought. The US State Department, in December of 2009, pressures Kazakhstan to ok the deal, in writing. However, it transpired……they complied. It has been reported that Tim Phillips, a close advisor to Hillary Clinton and DNC operative met with Kazakh officials and made it clear that large DNC contributors were anxious to get this deal done. I would guess that a lot of money crossed some very important hands.

In my next installment, we will learn how Uranium One acquired American uranium and how the Russians got it.

The Corruption Continues, Part 1, The Kazakh Mob

The Saga of Uranium One

I have spent over two years researching and chronicling the corruption within the Clinton Foundation and its many egregious acts that have never been brought to light. Recently, the selling of 20% of America’s uranium reserves has caught the attention of the major media industry. Even though I have written about this in the past, I have been doing further research on this single issue. I have read countless stories, some sensationalizing the reported scandal, but none have told the whole story. To be fair, its possible the whole story can never be known, but I have attempted to piece together a lot of what I already knew with what is being reported, in order to give a much more comprehensive understanding of just what happened. In the next few blog posts, I will layout the evidence against Bill and Hillary Clinton, and others in this blatant act of corruption.

First, let me start by saying this saga is extremely complicated….extremely! I couldn’t begin to know or explain all the turns and twists that led to Russia owning 20% of America’s uranium reserves. I can only provide a fair overview, touching on the building blocks that make the case. For real detail, with all the hard to pronounce names and the dozens of shells and holding companies that made it all possible, you will have to go to the links I will provide throughout each blog post.

I think the best and easiest way for me to explain it is to start with a timeline of events. These events cover a fifteen year period of time. I will then expand on each event below the timeline, including the timeline in each blog post.

All of us bloggers, who seek the truth, are always looking for that proverbial smoking gun. The players in this corruption are no idiots. They skirt the law, hide from the law, cover up mistakes, and adapt very well. Smoking guns are rare, so all one can expect to accomplish is to make a case by voluminous and overwhelming evidence that allows the reader to draw educated conclusions

Uranium 1 timeline
Uranium One Timeline

Whatever you’ve read or have seen about the Uranium One scandal, you have not gotten the whole story. The corruption is so extensive and so disgusting, not even a screenwriter could make a movie this creative. Even though I am starting this story in Kazakhstan, the Clinton corruption spans the globe and time. Bill and Hillary Clinton are truly American oligarchs.

Kazakhstan is a former part of the Soviet Union. It was created in 1991 when the Soviet Union disbanded. Kazakhstan is the largest of the former soviet republics, now an independent nation.  You cannot understand Uranium One without understanding the kazakhstancorruption in Kazakhstan. By 1997, Kazakhstan was becoming very corrupt. The president, elected in 1989,  Nursultan Nazarbayev, remains president today in his fifth term. In 1997, a young businessman of 34 became a favorite of the president. His name is Mukhtah Ablyazov. He started a business selling commodities like sugar and salt. He learned how to create a holding company and after a few years became quite successful owning several companies. Nazarbayev, appointed him head of the state owned electric grid agency, where he swiftly turned it around to be a money maker. Within a year he was made minister of energy, industry, and trade of all Kazakhstan.  You can read more about him here.

Mukhtar_Ablyazov
Mukhtar Ablyazov

Mukhtah Ablyazov will play prominently throughout this story.  Also in 1997 a friend of  Ablyazov’s was also appointed to a high post. Mukhtar Dzhakishev was made the head of Kazatomprom, the agency that oversees atomic energy, including uranium. By 1998, many of Kazakhstan’s banks were failing. Three of the largest merged into one, naming itself BTA Bank.  Ablyazov was able to borrow money and in early 1999 he bought BTA Bank. He was able to turn the financial sector around and BTA began to attract foreign investment. For all intent and purposes,

Mukhtar Dzhakishev
Mukhtar Dzhakishev

Ablyazov was headed for great success. But then he made a small mistake. Unable to work within the corrupt auspices of Nazarbayev, he started a political party in opposition to Nazarbayev. He quickly was accused of being corrupt, himself, and jailed. He was released from prison after pledging to disband and disavow his new party. He now would change course. He began to Raid BTA of billions of assets. He created close to 1000 shell companies in every tax haven in the world, successfully hiding billions. The Kazakh mines that were key to the Uranium One scandal were part of this scheme.

While Ablyazov was in jail, a close friend took charge of the bank. One Yerzhan Tatishev. He had been working on a large deal with Russia. In Russia and Kazakhstan business is not conducted like it is here. Here is an account from an Eastern website called “Llama”, that outlines what happened when Ablyazov was released from jail:

ABLYAZOV PARDONED, TATISHEV MURDERED

“Mukhtar Ablyazov was pardoned a year later by President Nazarbayev in exchange that he publicly promise to stay out of politics.  Ablyazov conceded and after a stint in Russia he returned to Kazakhstan only to have his friend and BTA bank president, Yerzhan Tatishev, shot and killed in December 2004.  In what was described as a hunting accident, Platt’s Oilgram (Volume 84, Number 87) reported the following:

“Tatishev had been reported to own from 20% to 60% of BTA, which has spread in recent years into Ukraine, Azerbaijan and other Central Asian venues. Tatishev was shot in the back of the head while driving his own Jeep on a hunting trip in December 2004. While reaching for a loaded rifle, the security-conscious marksman, known to always use a driver, reportedly hit a bump and the gun went off.”

That sounds legit.  According to a Wikileaks cable, Tatishev was set to complete a multi-million dollar financing deal with Leningrad Oblast, inferring that perhaps that was why he was eliminated or that it was his ties to Ablyazov’s political party that did him in. Others say he stashed BTA money in the U.S. a year prior but many believed Ablyazov himself was behind Tatishev’s demise.  Rumor had it that Tatishev held Ablyazov’s stake in BTA bank after he was arrested and charged in 2002.  When Ablyazov returned to Kazakhstan he not only wanted his shares back, he wanted Tatishev to take part in a criminal financial scheme but Tatishev refused.”

Shortly after the murder of Tatishev, Ablyazov and  Dzhakishev create two new shell companies: Urasia London, Ltd. and Jeffcott Group, Ltd. The shell companies were registered offshore and set up specifically to own Kazakh mining interests. Two of the biggest mines were 30% owned by the state and 70% owned by BTA Bank. A lesser mine was 70% owned by the state and 30% by BTA. The BTA portions were now sold to the new shell companies for $100,000. A mere pittance of their value.  Only weeks later Frank Guista’s Urasia was able to buy the rights to the Kazakh mines from Urasia London and Jeffcott……for $350 million!!!!

So who is Frank Guistra? He is the star of the show. Frank was well-known in the movie industry. He was the founder and CEO of the Canadian movie studio, Lion’s Gate. Giustra was also a huge philanthropist and financier and consultant of mostly mining ventures, through his company Endeavor Financial.

Frank+Giustra
Frank Giustra

He is a Canadian citizen which we will see becomes quite valuable in this saga. We will come back to Giustra later, but sticking to the timeline for now……we are in June of 2005. This is when Frank Giustra and Bill Clinton meet for the first time. Before Frank meets Bill, he already has in the works the Kazakh mining rights. He assembles a blue ribbon team to do the work of acquiring the Kazakh assets. From the publication “Llama”:

“The team included Phillip Shirvington, Ian Telfer, Robert Cross, Frank Holmes, Douglas Holtby, Dr. Massimo Carello, Canaccord Capital, BMO Nesbitt Burns, GMP Securities, Ltd., and Russian Sergey Kurzin.” 

Why I included this list is for only one reason: I recognized the last name on the list….Sergey Kurzin. He used to work for Mark Rich, and if you have read my piece on Rich, you would know that what Giustra is attempting, is exactly what Rich did in the 80s and 90s, and was the guy pardoned by Bill Clinton in 1999. You can read that account here. While his team was working, Giustra created a new company….Urasia Energy, Ltd. By any definition, it is a shell company as it has no sales or no assets. 3 months after meeting Bill Clinton, Giustra and Bill Clinton arrive in Kazakhstan on the same day in September of 2005. They reportedly meet with Mukhtar Dzhakishev who is still the head of Kazakh energy agency, Kazatomprom. But it has been revealed that a day later Bill and Frank met with Ablyazov who transferred the rights from his two shell companies, back through BTA to Giustra’s new company, Urasia Energy. Overnight Frank Giustra became one of the largest producers of uranium in the world. He pays $350 million to Ablyazov. And two months later in February of 2006, Giustra donates $31.2 million to the Clinton Foundation.

uranium mine
Kazakh Inkai uranium mining

In my next segment, I will discuss how Uranium One came into existence and acquired 20% of America’s uranium reserves. For more details on this story go to the links below.

https://www.euromoney.com/article/b12kjzckjgvs22/the-hunt-for-mukhtar-ablyazov-banker-criminal-fugitive-victim

https://jimmysllama.com/2017/04/01/more-than-you-ever-wanted-to-know-about-uranium-one-and-how-ruslan-tsarni-played-a-role/