Posts tagged "Andrew"

William Cooper Attacks Alex Jones From The Grave Again

William Cooper Attacks Alex Jones From The Grave Again!
From the 2nd hour of the Sunday show on 08-08-2010

http://prisonplanet.tv

Here we go again. Alex just doesn’t seem to like these calls. I thought it was quite odd that this part is missing from the? Alex Jones’ channel upload for 08-08-2010 – what’s up with that? It was also extremely difficult to get from prison planet; there was no wmv for that day and the mp4 was jacked. Why doesn’t Alex cover Rod Class and friends serving 541 Congress members notice that they are doing buisness as a corporation and it’s going to be brought b4 the Hague? Alex always said to do our own research so I’m just asking questions here. By the way, the congress critters are all in default including Ron Paul. As much as I have always loved what Ron Paul has stood for, he works for the corporation. Why doesn’t Alex cover that?

Duration : 0:4:47

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Corrupt Politican Spends $20,000 on Sushi

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Duration : 0:4:58

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NEW WORLD ORDER 2010 LAW Speaks Out Against

Judge Andrew Napolitano Speaks Out Against ‘Obamacare’ Law on The Alex Jones Show
GOD SAID IF YOUR OX IS IN THE DITCH GET HIM OUT! THE CONSTITUTION IS IN A DITCH LONG LIVE THE CONSTITUTION AND THE BILL OF RIGHTS. Thanks for Watching~~~ LONG LIVE THE CONSTITUTION AND THE BILL OF RIGHTS. Thanks for Watching~~~

Duration : 0:9:42

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International Company and Ethics

International Company and Ethics
The issue of business ethics is engaging companies more and more – both domestically and internationally. This trend is accentuated by high-profile examples of breaches of accepted standards of ethical behavior. For example, the recent Enron case where inadequate checks and balances within the firm enabled unethical behavior to occur, a development made easier by the failure of the external auditor to fulfill its role properly. Assumptions about ethics and business are influenced inevitably by fundamental beliefs about the role of business in society. On the one hand, there are those who believe that the sole social responsibility of business is to generate profit. For some proponents of this view, profit generation itself takes on a moral dimension whereas others see profits as the key to wealth generation – the main way of addressing social issues (Davies, 1997, p. 88). On the other hand, others believe that the role of business is much broader than that of profit generation and that all those who are affected by the way a company operates – shareholders, employees, customers, suppliers, the local community, future generations (especially in relation to environmental issues) – have a legitimate interest and stake in the way a company conducts itself.
Many of these concerns are relevant to business whether it is domestic or international in nature. However, international business poses particular challenges and questions over and above those facing purely domestic business. In order to reconcile doing business internationally and remain ethical, the company should follow the main principles of human rights, comply with legal norms related to labor, avoid corruption and correspond to standards of environmental protection. Even though it is not easy to combine making profit and adjusting to ethical principles, sometimes failure to comply with legal norms and standards my result in negative public image for the international company and loss of customers. Therefore, international company can suffer even more damages if it decides not to follow the ethical principles.
The first issue related to ethics is human rights. It is a generally accepted principle that international company should not engage in direct infringement of human rights the UN Universal Declaration of Human Rights (UDHR) is commonly taken as the appropriate benchmark. However, some people would go further, preferring companies to refrain from doing business in countries known to infringe human rights on a systematic basis. Opponents of this view argue that if an international company abstains from conducting business in a country with an ethically dubious regime, the only concrete result is to hand over business opportunities to companies without such reservations (Barlett and Ghoshall, 1998, p. 110).
On coming to office in 1992, for example, President Clinton proposed to withdraw MFN status from China as a result of the Tiananmen Square massacre in 1989 in which many pro-democracy demonstrators were killed (Kepstein, 2001, p. 108). Such action would have provoked retaliation against US companies operating in China and US business lobbied hard to persuade the president to change his mind. They argued that US business interests would be irrevocably damaged in a rapidly growing market and that the outcome would not be an improvement in human rights in China but a boost to the business prospects of American business rivals in China. The lobbying campaign was successful: the link between trade and human rights was broken and replaced by the doctrine that the possibility of bringing about change is greater if business and other links and contacts are maintained.
International labor issues can be linked with human rights, especially regarding matters of forced labor and child labor. Ethical labor issues also occur outside the framework of the Universal Declaration of Human Rights in circumstances where certain labor practices may be legal and commonplace in the host country but do not necessarily represent fair and equitable treatment of the workforce. The issue facing an international company is: does it maximize its competitive advantage by locating in a low-cost/low-regulation country and adopt local practices or does it refrain from reaping all the labor cost benefits by adopting higher standards and more ethical practices than strict compliance with local legal norms requires? A firm may choose to take the latter path and still experience significant competitiveness gains.
Corporate codes of conduct governing general corporate behavior and treatment of the workforce in particular are not new. Their modern manifestation began in the mid-twentieth century in the form of codes from the International Chamber of Commerce and other collective codes (Donaldson, 1989, p. 55). Their popularity surged once more in the 1990s in response to pressure from NGOs, the emergence of corporate social responsibility as a key consideration for firms and the phenomenon of socially responsible investment and shareholder action. Additionally, discussion of the possible inclusion of labour regulation under the WTO umbrella encouraged international firms to assume greater responsibility for their own labor standards, if only to demonstrate that international regulation was unnecessary. Corporate codes of conduct take many forms. Many international firms have developed their own individual codes to cover their own employees and those of their contractors and suppliers. Some industries have developed their own codes. Whatever form they take, codes are necessary for the positive public image of international company and they demonstrate that the company reconciles doing business and acting ethically. Codes need to comply with a number of conditions before they can be said to operate equitably and with credibility (DeGeorge, 1993, p. 88):
1.the contents of the code must be clearly worded and, at a minimum, comply with core standards;
2.the company adopting the code must be committed to it and be prepared to provide the resources to ensure its implementation, including training, information systems for monitoring and compliance and staff to implement new procedures;
3.knowledge of the code throughout the organization is essential to its implementation: in particular, employees of the firm and its subcontractors and suppliers must know of the contents of the code and a reporting system must be established that enables workers to report infringements without fear of reprisals;
4.the code should be subject to verification by independent assessors who have access to the site unannounced at any time.
The application of such codes can enhance internal governance and facilitate internal management across geographically dispersed sites. There is some evidence to show that real commercial benefits can be gained from the proper application of fair and equitable labor standards, although more widespread research needs to be done on this (DeGeorge, 1993, p. 111). Provided the code of conduct adopted by a firm has external credibility, it can both protect and enhance a firm’s reputation, particularly important these days when more is expected of firms in terms of corporate social responsibility.
Levi Strauss is one of the world’s largest brand-name clothes manufacturers and also one of the first international companies to adopt a corporate code of conduct to apply to all contractors who manufacture and finish its products and to aid selection of which countries in which to operate (DeGeorge, 1993, p. 118). The Code of Conduct has two parts:
1.Business partner terms of engagement: Levi Strauss uses these to select business partners that follow workplace standards and practices consistent with its policies and to help identify potential problems. In addition to meeting acceptable general ethical standards, complying with all legal requirements and sharing Levi Strauss’s commitment to the environment and community involvement, Levi Strauss’s business partners must adhere to the following employment guidelines:
-Wages and benefits: business partners must comply with any applicable law and the prevailing manufacturing and finishing industry practices.
-Working hours: partners must respect local legal limits on working hours and preference will be given to those who operate less than a 60-hour working week. Levi Strauss will not use partners that regularly require workers to work in excess of 60 hours. Employees should also have at least one day off per week.
-Child labor: use of child labor is not permissible in any of the facilities of the business partner. Workers must not be below 15 years of age or below the compulsory school age.
-Disciplinary practices: Levi Strauss will not use business partners who use corporal punishment or other forms of physical or mental coercion.
-Prison/forced labor: no prison or forced labor is to be used by business partners nor will Levi Strauss use or buy materials from companies using prison or forced labor.
-Freedom of association: the rights of workers to join unions and to bargain collectively must be respected.
-Discrimination: while respecting cultural differences, Levi Strauss believes workers should be employed on the basis of their ability to do their job
-Health and safety: Levi Strauss undertakes to use business partners who provide a safe and healthy working environment and, where appropriate residential facilities
2.Country assessment guidelines: these are used to address broad issues beyond the control of individual business and are intended to help Levi Strauss assess the degree to which its global reputation and success may be exposed to unreasonable risk. It was an adverse country assessment that caused Levi Strauss to cease its engagement in China in the early 1990s, largely on human rights grounds – a decision that has subsequently been reversed. In particular, the company assesses whether:
-the brand image will be adversely affected by the perception or image of a country among customers;
-the health and safety of employees and their families will be exposed to unreasonable risk;
-the human rights environment prevents the company from conducting business activities in a manner consistent with the global guidelines and other company policies;
-the legal system prevents the company from adequately protecting trademarks, investments or other commercial interests;
-the political, economic and social environment protects the company’s commercial interests and brand corporate image.
Levi Strauss is the example of the company that successfully combines doing business and following ethical practices. As we see, the company code of ethics demonstrates that Levi Strauss complies with the most labor norms and environmental standards; at the same time such actions of the company do not have any negative impact upon its business. On the contrary, since Levi Strauss has positive public image the customers should be more attracted to its products.
Some of the other important ethical issues that the company should consider is bribery and corruption. Bribery/corruption is not as clear-cut an issue as might first appear; indeed it can be rather a grey area. In some cultures, it is regarded as perfectly normal to give an official or host a gift (Asgary and Mitschow, 2002, p. 245). In others, only minimal value token gifts or no gifts at all are allowed. A problem arises when it is the norm for a contract to be signed only after the payment of a ‘commission’ to a key official or officials (Asgary and Mitschow, 2002, p. 240). Such circumstances place international companies in a difficult position: without payment of these commissions, the contract will not materialize and, if they do not make the payment, many other companies will (although that is not an ethical justification for going ahead with the commission). The position of the US is unequivocal about this: it regards all such payments as bribes and, as such, they are both unethical and illegal. The Foreign Corrupt Practices Law forbids US companies from making improper payments to foreign governments, politicians or political parties to obtain or retain business. Therefore, the only choice that American companies have regarding bribery is not to make any payments regarded as bribes; otherwise, it can be considered that a company violates the law.
The last ethical challenge that international companies face is related to environmental protection. Firms can encounter damaging publicity as a result of the environmental outcome of their activities as pollution attracts more and more media attention (Barlett and Ghoshal, 1998, p. 98). For many, environmental protection and corporate responsibility in this field has a clear ethical dimension. This debate is couched in terms of the ‘global commons’ in which all human beings have both a stake and a responsibility to ensure the well-being of the environment for future generations (Donaldson, 1989, p. 211).
In order to reconcile doing business and meeting environmental ethical standards an international company should comply with the following underlying principles in environmental policy.
The first norm refers to the “polluter pays principle.” It stipulates that polluters should pay the full cost of the environmental damage they cause (DeGeorge, 1993, p. 100). Environmental costs are often referred to as ‘externalities’ (for example, damage to health, rivers, the air, etc. arising from economic activity) that are not incorporated into the costs of a product but are borne by society as a whole (DeGeorge, 1993, p. 100). By making the polluter pay the full cost of its activities, including externalities, this principle provides an incentive to make products less polluting and/or to reduce the consumption of polluting goods. This internalization of external costs can be met through the use of market-based, policy instruments.
The other principle refers to prevention. If the company decides to follow the prevention principle it changes to products and processes to prevent environmental damage occurring rather than relying on remedial action to repair damage after it has taken place (Davies, 1997, p. 108). This implies the development of ‘clean technologies’; minimal use of natural resources; minimal releases into the atmosphere, water and soil; and maximization of the recyclability and lifespan of products.
In conclusion, international business adds an extra dimension to ethical issues within the firm. All organizations have their own culture based on common language and terminology, behavioral norms, dominant values, informality/formality, etc. This inevitably becomes more complex when an organization has a presence in more than one country. Some companies believe a strong corporate culture is a means of overcoming diverse national cultures whereas others evolve different cultures in different organizations and incorporate cultural diversity in their management strategy. Many organizations like Coca-Cola and McDonald’s do use core brands but still adapt their products for local markets and follow ethical standards, either out of necessity or to maximize returns. Ethics and corporate social responsibility are closely related. Debates about corporate social responsibility have been dominated by labor and environmental issues but a growing number of corporate governance scandals involving multinationals is increasing pressure for stricter regulation. International companies can reconcile doing business internationally and remaining ethical if they comply with labor and environmental norms enacted at the international level and establish and follow the code of ethics. In the long run, corporate commitment to sound ethical principles and socially responsible behavior is good for business.
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Andrew Sandon
http://www.articlesbase.com/ethics-articles/international-company-and-ethics-67615.html

America Was Founded Through Open Acts of Rebellion By All Different Sorts of Rebels. is Rebellion Necessary?

America was founded through open acts of rebellion by all different sorts of rebels.
Is rebellion necessary?
Throughout American nation has fought against oppression to gain freedom and independence. The one of the major forms of this struggle was rebellion. Taking into account historical development of American nation, causes and effects of rebellions it is evident that rebellion was a very effective way of open acts used by slaves and insurgents. The main purpose of the paper is to examine the role of rebellion in American history.
In general, the aim of rebellion was to . On the one hand, it helped to attract attention of masses to social problems such as injustice and oppression. For instance, Frederick Douglas depicts the “rebellion” of a person who strives for better days. Douglas described his experience as: “We were all in open rebellion, that morning. Caroline answered the command of her master to “take hold of me,” precisely as Bill had answered, but in her it was at greater peril so to answer” (Chpater 17).
Rebellion was necessary because it led to revolution (in some cases). Rebellion could be seen as a “training” of soldiers before serious and key actions. For instance, the slave rebellions in 1781 and 1830s prepared a firm ground for the Revolution. Rebellion was necessary because it demonstrated the act of human spirit and unity. Rebellion forced the government and insurgents to realize the consequences that took place if political changes havd not been made.
Rebellion was necessary because it showed a struggle for individual freedom which means much more than the absence of physical coercion. Every rebellion had a short term and long term goals which helped mutineers to reach their target. For instance, the rebellion depicted by Harriet Beecher Stowe in Uncle Tom’s Cabin had two objectives. On the one hand, slaves Tom, George, Eliza and Harry wanted to save their life and became free. On the other hand, this rebellion was a general movement of slaves who opposed oppression and tyranny. For instance, when Tom talks to Eva he expresses his vision of slavery and masters:
“They are robed in spotless white,
And conquering palms they bear.” (Chapter 22).
In this situation, the obligation of people to rebel coincided with their strategy to survive as a unity, on the one hand, and with that of defending its national identity on the other. Rebellion could not be explained through a private (personal) interest of people taking part in a battle because a soldier or a general means nothing as a subject, but becomes simply a tool of the battlefield.
A wave of rebellions in the nineteenth century helped American people to neutralize their enemy (the government) in order to protect their safety. Rebellions should be considered as a rational choice which included its aims, alternatives, consequences and choice. If American nation had taken such an action, it was based on the purposes to overcome oppression and created a set of new values and tasks.
It should be mentioned that alternative types of actions were possible, but without careful and strategic planning such actions would lead to numerous scarifies. Rebellions were necessary because they were concerned with the rule of national identity. They showed that something “wrong” with the society and demonstrated the necessity for improvements.
Desire of a nation to struggle as such did nothing, because only active operations led to rebellion. It was people who made claims or felt marginalized, and people who often disagreed, some¬times quite fundamentally, about how their identity should be interpreted or understood. For instance, in 1781 the rebellious states created a loose union under the Articles of Confederation, and at the end of the war in 1783, Britain recognized its former colonies as an independent nation.
Rebellion waas necessary because it drove the national idea and the knowledge not only of the monumental significance of the actions to be undertaken, but also the impact of a free democracy. For instance, Master Hugh in “My Bondage and My Freedom” says that: “knowledge unfits a child to be a slave.” I [Douglas] instinctively assented to the proposition; and from that moment I understood the direct pathway from slavery to freedom” (Douglas, Chapter 10). Rebellions could be seen as a school for those who did not know the rules of strategic tactics and planning. Like uneducated people, most rioters studied how “to read and write” the tactics of fight and struggle.
In the movie “Amistad”, Stephen Spielberg portrays a slave revolt of 1839 on the ship in the Caribbean and the trials to revolt on U.S. soil. This movie shows that people were
locked by whites who controlled them and suppressed. For this ship, rebellion was the only possible way to free themselves and their comrades. Rebellion was a kind of an obligation to fight and to protect their dignity and self-esteem.
For rioters, rebellion meant absence of restrictions and compulsions, and in correlation with the idea of will, it is the opportunity to act as would be desirable. On the other hand, the idea which would be likely to the American society was that the freedom was not an honor or award except in the case of honorary freedom. As Douglas says “Coming generations in this country will applaud the spirit of this much abused republican friend of freedom” (Douglas, Chapter 24). Rebellion was necessary because it opened freedom to all who were genuinely interested and met the criteria of a rioter. That was main principle on which rebellions were based in the United States.
Also, rebellion gave rise to a new national ideology held by most American revolutionaries. It was one in which they knew their sacrifices would be acknowledged and appreciated by future generations of Americans. There was also the knowledge that America would serve as an example to God and the rest of the world of what the advantages of a free society could be.
To many revolutionaries who had their own ideas about united nation rebellion was a necessity. It showed their strength and weaknesses, and it was absolutely a key to any further advancement towards their ultimate goal of freedom to enjoy personal liberties. Store writes: “since the legislative act of 1850, with perfect surprise and consternation, Christian and humane people actually recommending the remanding escaped fugitives into slavery, as a duty binding on good citizens” (Stowe, Chapter 35). The movie “Amistad” vividly portrays the necessity of rebellion of former slave Theodore Joadson who viewed the rioters as “freedom fighters” and called Africans “stolen goods” as they were kidnapped (Amistad, 1997).
It is possible to say that a revolution had result, positive or negative while rebellions were a part of revolutionary process, they represented continuous actions. On the other hand, rebellions did not always lead to a revolution. If the government compromised, there was no necessity to continue struggle which could lead to numerous death-roll.
Racial differences and oppression undoubtedly motivated people to acts of extreme violence against those whom they classify as “others.” Racial confrontations acting as an original cause of rebellion forced Americans to struggle. In many cases, fight for freedom and equal rights made use of racial differences. In this case, a necessity to rebel served as a causal explanation of it. Rebellion was a relational choice which allowed to start fighting and attract masses of people to rebel. It served like a signal for those who wanted to be free.
It is possible to conclude that rebellions in American history were a very important step towards freedom and independence. Rebellions prepared a ground for revolutions and became a single for unified popular uprising.
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Andrew Sandon
http://www.articlesbase.com/politics-articles/america-was-founded-through-open-acts-of-rebellion-by-all-different-sorts-of-rebels–is-rebellion-necessary-74699.html

Visit New York City on St Patrick’s Day

Celebrated annually across the globe on March 17, St Patrick’s Day is one of the world’s most popular celebrations. Its significance originates in Ireland as a Catholic feast day which celebrates Saint Patrick, the patron saint of Ireland. However, in more recent times, St Patrick’s Day has taken on an altogether more global and secular significance, with St Patrick’s Day celebrations being held around the world in various forms.

In the United States, people traditionally celebrate St Patrick’s Day by wearing green garments, drinking alcohol that’s been dyed green or indulging in other Irish themed activities. Many American cities put on St Patrick’s Day parades, including Cleveland, Boston and Kansas City; however the largest St Patrick’s Day Parade in the United States – and the world – is held in New York City and is said to be watched by over two million people.

The first St Patrick’s Day Parade in New York City was held in 1766, when Irish soldiers marched through the city, and in 2006, more than 150,000 people marched in the St Patrick’s Day Parade. Among those participating in the event were bands, members of the fire department, social and cultural clubs in the city, emigrant societies and military and police groups. Furthermore, prominent New York politicians, and those planning to run for office frequently appear in the St Patrick’s Day Parade.

Organised by the Ancient Order of Hibernians, the St Patrick’s Day Parade has attracted more than a little controversy in its time. For instance, the Ancient Order of Hibernians has often opted to appoint controversial Irish Republican figures as its Grand Marshall; what’s more, the group recently banned gay and lesbian groups from participating in the parade. As a result of this, alternative St Patrick’s Day parades, such as The Queens parade, have been organised by opposing groups; the Queens parade, for instance, is open to all groups who wish to march on St Patrick’s Day.

But whatever parade you choose to go and see, New York City is truly the place to be on St Patrick’s Day. With green bagels, green flowers, green hats and clothes a frequent sight on the day of the St Patrick’s Day Parade, New Yorkers tend to frequent local Irish pubs and drink Irish beers and liquors in celebration of the festival, which now takes on both religious and secular significance. And with plenty of affordable hotels in New York City to choose from, you won’t be stuck for accommodation in the city if you choose to visit on St Patrick’s Day. After all, how could you possibly resist the unique opportunity to eat a green New York bagel and drink a glass of dyed-green Guinness while basking in the emerald glow of the Empire State Building?

Andrew Regan is a freelance online journalist.

Andrew Regan
http://www.articlesbase.com/travel-articles/visit-new-york-city-on-st-patricks-day-107268.html

Cma-cgm: Jacques Saade’s Involvement in “damietta Gate”

Free translation of the article published in the egyptian daily « Massaeyat » of October 17th 2006

Jacques Saade’s involvement in “Damietta Gate”

New developments in the case of the Damietta company next November

The General Prosecutor launches new investigations in relation to public funds and other irregularities perpetrated after the arrest of Ali Massaad

The appearance of the accused and the lifting of the sequestrations are the main issues of this case

This case locally known as the “great corruption case of the Damietta Containers” and internationally named the “Damietta Gate” has shaken the Egyptian, Arab and international public opinion.

From the first audience, three of the six accused confessed, the third, the fifth and the sixth and acknowledged having been involved in the briberies paid to Ali Massaad, whereas the latter denied at the beginning the whole matter.

The six accused, Ali Massaad, chairman of the board of directors of the Damietta Container Company, Jihad Anis Dagher, employee of Leader Company, Nabil Elie Bassil, CMA-CGM regional Finance and administrative director, Mostapha Mohamad Khalil Abdel Monhem, Director of the Damietta subsidiary, Jamal Abdel Razek Abdel Sadek and Ahmad Mahmoud Ahmad Yacoub have been referred to the Penal Court by the General Prosecutor (financial section), and the second hearing is set for November 9th for a contradictory debate and confrontation with the prosecution’s witnesses who will appear before the court for corruption and misappropriation of public funds.

The most surprising aspect of this case it seems is that Ali Massaad’s successor as head of the Damietta Container Company is following the same methods as his predecessor, a matter which compelled the General Prosecutor to launch a second investigation pertaining to the period following Ali Massaad’s management of the company. This investigation has been postponed following the juridical holidays and the promotion of prosecutor Wadih Hanna Nached.

Ali Massaad, known as the “Bey”, is now in prison.

This case is about corruption, account manipulations, financial fraud and a plot between the Damietta Container Company and French company CMA-CGM presided by Lebanese national Jacques Saade whose corporate headquarters are in Marseille. The file that is being dealt with by the Court of State Financial Security in Egypt pertains to the misappropriation of funds that could reach up to 20 million dollars.

The main accused is being held in temporary custody while awaiting the outcome of this case.

This case is of major interest in its Egyptian, Lebanese and French ramifications.

The Egyptian media has released important pieces of information revealing that this is not an isolated corruption matter in the shipping sector in Egypt. The former General Prosecutor Maher Abdel Wahed has already ordered the chairman of the board of directors of the Damietta Container Company, Ali Massaad, to be placed in custody and his personal assets seized until the end of the investigation; the latter decision has been notified to the Central Bank of Egypt, the Finance Directorate and the land registry.

The General Prosecutor opened an investigation following a declaration presented by the president of the Central Accounting Agency regarding the statements of accounts pertaining to the company owned by the holding company for land and shipping transport presided by the General Mohammad Youssof already indicted in the case of the seizure of the “Salem 2” vessel in the port of Alexandria. The president of the Court of Appeal of the district of South Cairo, Adel Joumaa had set the next hearing to last May 29th in order to take a decision as to the verdict of the General Prosecutor.

The investigations have revealed a plot between engineer Ali Massaad and the managers of the foreign shipping company regarding the signature of an agreement according to which the foreigh company could benefit from exceptional rebates to the detriment of the Damietta Public Company that could reach up to 5,5 million dollars.

This scandal is worrying Egyptian public opinion as well as the political scene, as it happens to occur after other scandals such as the one related to the Directorate of Transport, the Bank of Cairo and the robbery of steal and other metals.

The investigations have proven the existence of a plot between the first accused Ali Massaad Saad and the President of the foreign shipping company, which resulted in the disappearance of 6 million dollars from the Egyptian treasury. It has been established, following the house search, that the accused regularly received briberies from France.

In a surprising rebounce, the investigation revealed that the managers of the international shipping company based in Marseille (France) reimbursed the amount of 3,1 million dollars by bankers cheque to the Damietta Company following a compromise aimed at smothering the case, after that the General Prosecutor started a legal action against this company and seized the assets of Ali Massaad. This payment did not put an end to the legal actions but led to the discovery of another aspect of this case namely the direct involvement of the French company in corrupting Egyptian officials.

Despite CMA-CGM’s denial of any involvement in this corruption case declaring that an internal investigation is underway in coordination with the Egyptian authorities, the Sunday Express newspaper revealed that CMA-CGM presided by Jacques Saade, paid 10,000 dollars per month to Massaad, and has reimbursed as reparation 3.1 million dollars to the Egyptian port of Damietta.

In a statement made by Jacques Saade to the same newspaper, he mentioned that these people were paid by the CMA’s Egyptian subsidiary, that no transfers were made by the French head office and that his company was investigating in coordination with the Egyptian authorities. Various managers were heard including the accountancy manager.

According to the Sunday Express, this is an extremely serious situation and other countries, including the United States, are being worried. It seems that political pressures have been exerted in order to prevent CMA-CGM from acquiring from the English company P&O its shares in the American port of Dubai for security reasons. The American authorities are undertaking an investigation regarding this matter.

Other pieces of information collected in parallel to the secret investigation indicated that many points in this case were still not clear. The most important element that has been discovered until now is the false contract -which is the main aspect of the investigation- signed by Farid Salem, CMA-CGM general manager and brother-in-law of Jacques Saade.

It has been revealed that Abdel Razek is the financial manager of CMA-CGM in Egypt, presided by Jacques Saade, as indicated by the social security registers.

All the evidence indicates that the financial offenses have been perpetrated by the chairman of the Damietta Company, in addition to the irregularities within the contract signed with the shipping line in Marseille.

In an Al-Ahram article of May 26th 2006, it seems, according to the investigations undertaken by the financial control services [official body], the principal accused perceived important amounts on a regular basis in exchange for those irregularities. The former General Prosecutor Wadih Hanna Nached issued search-warrants in the offices of the said shipping company (CMA-CGM) in Alexandria, which resulted in the seizure of numerous pieces of evidence confirming the transfer of important amounts from the accounts of the latter company in favor of the accused.

According to the “magazine Rose El Youssof” that published the result of a long investigation on the subject, the chairman of the Damietta Company is the owner of two palaces in the city of Damietta on the river Nile as well as a dozen estates and three villas in the touristic village of Yasmina in Port Said, in addition to five hectares of agricultural land in the latter city, 20 million Egyptian pounds deposited in bank accounts in his name, his wife’s and children’s and a number of bank accounts abroad which inventory is not yet known.

It was mentioned in the article that Ali Massaad had a nickname, “the Bey”, to the order of whom checks were drawn up.

The investigations revealed that the number of containers CMA-CGM sent in transit through the port of Damietta, did not exceed 70,000 teus for the last 12 months allowing the French company to benefit from rebates of the amount of 5,5 million dollars. This led them to illegally modify the contract with the Damietta Company by paying briberies in addition to the monthly remuneration of Ali Massaad.

Rose El Youssof added that Ali Massaad pretended that he made his fortune in Saudi Arabia, where he worked for 12 years, and in Bahrein, where he worked 5 years; but was not able to keep the evidence that would clear him.

A surprising aspect is that he appeared before the court, which ordered the seizure of his assets and his wife’s, wearing bad quality clothes, in an attempt to conceal his wealth. The most astonishing is that the law firm handling his defense is one of the major firms specialized in shipping matters in Egypt.

The investigation is moving forward with the hope to shed light on other thorny aspects of this case. There is a strong probability that the General Prosecutor would prosecute Jacques Saade, chairman of CMA-CGM; one more element that adds up to the conflict as to the ownership of this company and increases the legal stranglehold around Jacques Saade.

Damietta “Gate” to date is the last link in a series of legal proceedings facing Jacques Saade.

If this case is taking an official aspect in Egypt given that it involves a number of irregularities, corruptions and misappropriation of public funds, other legal proceedings have been launched in many countries in which the conflict between the brothers Jacques and Johnny Saade is raging around the ownership of CMA-CGM, the first shipping company in France and the third worldwide.

Six years after the signature of a contract on September 16th 2006 between the two parties aimed at ending the conflict but which deprived Johnny Saade of his legitimate rights due to a deceitful set-up, new facts could reveal unexpected developments in the coming months very probably in favor of the latter.

The internet site www.mistralholding.com owned by Johnny Saade’s company Mistral Holding s.a.l., contains a huge amount of documents, compromising reports and legal evidence, that explains in detail the conflict between the two brothers which is being reported at the top of the news in the Lebanese, arab and international press. Among these documents a report issued by the financial expert Antoine Gaudino explaining the circumstances that led to the said conflict.

One can read in the report that the conflict between the two Saade brothers as the major shareholders of the CMA-CGM Group is mentioned by the media as a family feud due to Jacques Saade’s statements, but Johnny, who owns 48.44% of CMA’s shares accuses his brother of hiding information in general and more specifically regarding transactions initiated by Jacques Saade in France and elsewhere.

The conflict actually starts by the lack of transparency during the acquisition of CGM by CMA, and Jacques Saade’s attempt at controlling the group for his sole personal benefit.

The preliminary investigations undertaken by Gaudino on August 29th 1997 at the request of Mistral holding, revealed that the management system established by Jacques Saade on behalf of CMA made Johnny Saade fearful, as major shareholder, of the company’s future.

With further investigations, various fiscal irregularities and others have been discovered, and are part of the conflict between the brothers.

The main historical stages of this conflict are the following:

The Limited company CMA (Compagnie Maritime d’Affretement) was created by brothers Johnny and Jacques Saade on September 8th 1986 and registered at the RCS of Marseille on April 8th 1987 under number 340 353 911.

The initial capital was FFr.250,000. It was to be increased following various share capital increases in 1986, 1987 and 1993 as well as on May 26th 1994 further to an extraordinary general assembly to reach FFr. 60,000,000 divided in 600,000 shares with a nominal value of FFr.100.

At the latter date and according to the shareholders’ registry, the shares were distributed between three Lebanese companies: Merit s.a.l., owned by Jacques Saade, 48.41%; Mistral Holding s.a.l., owned by Johnny Saade, 48.41%.

The six shares attributed to the “Jacques Saade Family” are held by Mr. Jacques Saade, his spouse Mrs Nayla Salem, his daughter Tania, his son Rodolphe, his brother-in-law Mr. Farid Salem and Mr.Tristan Vieljeux.

The three Lebanese companies are all registered at the Beirut registrar of Companies and domiciled in the same city and the same address.The company Rodolphe Saade & Co is owned by Jacques Saade and Johnny Saade, 50% of the shares each, respectively through Merit s.a.l. and Mistral Holding s.a.l.

CGM s.a. (Compagnie Generale maritime), with a capital of FFr. 1,275,948,600 and registered at the RCS of Nanterre under number 562 024 422, has been transferred by the French government to the private sector by ministerial decision on October 21st 1996.

The capital of CGM is distributed as follows: 90% of the shares came to be held by CMA, 6% personally by Jacques Saade and 4% between three other shareholders.

CMA got 96% of the CGM shares whereas the 4% remaining were held by three other shareholders; and Jacques Saade’s stake reached 51% whereas Johnny’s, through Mistral holding, did not reach 49.9%.

The first findings revealed a certain number of irregularities, the most important of which related to general assembly meetings.

An extraordinary general assembly was held at CMA head offices on December 12th 1996 without letting Mistral Holding s.a.l. have the opportunity to participate. This assembly was aimed at granting the board of directors the right to increase the share capital, in one or many times. This authorization to the board of directors was valid for a period of five years and aimed at increasing CMA’s capital from FFr. 60,000,000 to a maximum of FFr. 135,000,000.

The report added that until December 12th 1996 CMA’s management has always convened Mistral holding s.a.l. by rapid courier (DHL) and simultaneously by fax, given postage delays to Lebanon. In an unusual manner, the convening to the extraordinary general assembly meeting of December 12th 1996 was sent to Mistral Holding s.a.l. on November 26th 1996 by recommended letter with acknowledgement of receipt.

Everything was done in order to prevent Johnny Saade to be informed in due time and therefore to participate to the main decisions to be taken including the share capital increase.

It is within the above-mentionned context that Johnny Saade seized the Tribunal of Commerce of Marseille who designated on December 23rd 1996 a judicial “huissier’ in order to get the documents pertaining to general assemblies and board of directors held by CMA.

Following this judicial decision, Mr Johnny Saade was able to raise various irregularities. Four Board of Directors meetings were held on June 7th, September 20th and November 14th & 15th 1996 without Mistral Holding s.a.l. being ever convened whereas the minutes of meetings stipulated that Mistral Holding s.a.l. was “absent and excused”.

A general assembly was held on March 27th 1997 in cancellation of the share capital increase decided by the general assembly of December 12th 1996.

This did not however erase the irregularities due to the share transfers and the acquired majority to the benefit of Jacques Saade which jumped from 48,41% to 50,001%.

Irregularities were noticed regarding the presentation of balance sheets. It appears from CMA’s balance sheets in the offer for the acquisition of the CGM of October 3rd 1996, that CMA was in good financial health, that it increased its shareholders’ equity funds, reaching FFr. 700 million and the CGM acquisition project would allow the financial rehabilitation of the latter no later than 1999.

The findings made on certain accounting entries called in question the validity of the level of CMA’s shareholders’ equity which were lower than the reality. These shareholders’ equity funds were much lower than the FFr. 200 millions and CGM’s takeover was a juicy business deal that Jacques Saade wanted to keep for himself to the detriment of his brother Johnny.

This report mentioned, backed by the necessary documents and figures, that the filed balance sheets were false and did not reflect the truth about CMA’s accounts, a matter that was to jeopardize the future of the company and the interests of Johnny Saade, its main shareholder.

This report mentionned that Jacques Saade made his brother Johnny become a minority shareholder through successive steps and by premeditation in order to prepare the acquisition of CGM to his sole personal benefit; the report also summarized the various attempts of Jacques Saade to escape legal proceedings which were accumulating every day.

Of importance in this conflict is the re-opening of a financial investigation by the Paris Tribunal regarding the accounting irregularities and fiscal fraud perpetrated by Jacques Saade in managing CMA-CGM.

Other information indicate that Egyptian courts of law are entangled in an important corruption file involving the Port of Damietta since the 90s and are attempting to determine the scale of corruption involving the representatives of the French shipping line on behalf of their managers in France. While awaiting new developments, the director of the Port of Damietta has in the meantime been arrested.

On another level and following the penal lawsuit filed by Mistral Holding, Paris Tribunals (France) have launched legal investigation regarding the CMA-CGM balances sheets that are allegedly false. The investigation has been entrusted to two prominent magistrates in France. The aim of this investigation is to shed light on the possible fiscal fraud and concealment of the real profits, a matter that goes back to the signature of the contract that has put an end to the conflict between brothers Jacques and Johnny Saade.

Finally, we can add to this multi-faceted judicial file that is surrounding Jacques Saade, a matter that is worrying investigators near the General Prosecutor of Lattakia in Syria. It involves the falsification of official documents, the use of false documents and usurpation of legal capacity, involving Choucri el Khoury that seems to have acted on behalf of Jacques Saade.

andrew barns
http://www.articlesbase.com/business-articles/cmacgm-jacques-saades-involvement-in-damietta-gate-80435.html

Man in the Box – Intern Corruption with Dave Days

http://www.youtube.com/runawaybox

http://www.youtube.com/davedays

Greg corrupts an intern.

Duration : 0:3:5

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