Executive Intelligence Review (EIR) is a weekly newsmagazine founded in 1974 by the American political activist Lyndon LaRoucheKälla: https://en.m.wikipedia.org/wiki/Executive_Intelligence_Review
The bank connectionOm vi nu bortser från EIR's beskrivning och istället fokuserar på att Penser hjälpte Karl Erik Schmitz med bankkontakt, vilket vi vet från Karl Erik Schmitz tackbrev till Penser,
According to details of seized documents obtained by EIR from the Swedish Customs Service, the scale of financial guarantee required for the growing Iran arms traffic run through Schmitz required a major bank credit line.
What bank was willing to finance arms traffic with the Iranian government?
In 1985, Schmitz met with Erik Penser, the majority shareholder of Nobel Industries of Sweden, the parent firm for both Bofors and Nobel. (…)
Penser's empire is run through his wholly owned London-based Yggdrasil. Penser lives in a mansion outside London named Compton House and commutes to Brussels, where he runs Nobel Industries and his other holdings from Nobel Finance of Brussels.
In 1985, according to the Swedish Customs Service records, Penser provided middle-man Schmitz with his "introduction" to a London bank willing to finance his risky Iran traffic. Arbuthnot Latham Bank, Ltd. of London agreed to finance Schmitz's arms traffic.
Since 1982, that London bank has been majority owned by Dow Scandia Holdings, Ltd., an affiliate of Dow Chemical of Midland, Michigan. A significant minority share in the bank is held by Nordbanken, a Swedish-owned entity tied to Pehr Gyllenhammar's Volvo.
Very big business
Schmitz's Iran arms traffic expanded enormously up until the time of the raid in September 1985. (…)
Companies for which Schmitz is the documented representative in Iran include
Bofors, Boliden, Leo, and Fermenta all of Sweden; Akzo of Holland; Celanese and PRB of Belgium; Dynamit Nobel and Silberkraft of West Germany.
In addition, he had extensive dealings with the so-called European Explosives Cartel, formally known as the European Association to Study Safety Problems in Production and Use of Propellant Powders (EASSP), based in Brussels.
Through this explosives cartel, as it has been called, arrangements to divide market share and profits for the immense Iranian explosives purchases of the last several years were worked out.
Firms involved and working with Schmitz in this Explosives Cartel include
Nobel Industries of Sweden, PRB of Belgium, SNPE of France, Nobel Explosives and ICI of Britain, Muiden Chemie of Holland, Dynamit Nobel of Austria, and Dynamit Nobel of West Germany, at that time a Flick family company.
Official records of the Swedish authorities confirm deals through Schmitz's companies totaling some $200 million as of September 1985.
Iran is estimated to be spending more than $1 billion annually to import explosives alone.
The Explosives Cartel is estimated to have supplied the lion's share, indicating that Schmitz's traffic could be well into the billions of dollars.
In addition, he brokered the construction in Iran of an explosives factory built by Penser's Nobel Industries.
In addition, Bofors laser-guided RA-70 surface-to air missiles are said to be included, as well as untold other munitions and war supplies.
One of the most intriguing leads in the Schmitz-Iran investigation is the front firm, Scandinavian Medicin AG, through which it appears that Schmitz laundered at least a portion of the huge money flows from his illegal weapons sales.
The member firms of Schmitz's Scandinavian Medicin AG included the scandal-plagued Fermenta, the Swedish chemicals and pharmaceuticals firm associated with Pehr Gyllenhammar of Volvo, Anders Wall of Beijer, and the Egyptian Refaat El Sayed, now under indictment for financial fraud and embezzlement. There is strong evidence that Fer menta, at the time of Gyllenhammar's merger discussions with El Sayed in late 1985, was to be a major part of illegal transactions with Iran involving Meshulam Riklis, New York based financier of Israeli Industry Minister Ariel Sharon.
Ett brev där Karl-Erik Schmitz tackar finansmannen Erik Penser för hjälpen att skapa kontakter hos Arbuthnat Bank i London (daterat 1985-04-15)Källa: https://imsvintagephotos.com/ett-brev-da-r-karl-erik-schmitz-tackar-finansmannen-erik-247186
Bolagstämman beslutade att totala aktier i emissionen reducerades från 169 000 till 167 000. De som erbjöds som teckna aktier till 1 013 kr/aktie senast den 16 november var:Källa: https://sv.m.wikipedia.org/wiki/Leo-aff%C3%A4ren#Riktad_aktieemission
FAB Yggdrasil, 100 000
Executive Intelligence Review (EIR) is a weekly newsmagazine founded in 1974 by the American political activist Lyndon LaRoucheKälla: https://en.m.wikipedia.org/wiki/Executive_Intelligence_Review
The bank connectionOm vi nu bortser från EIR's beskrivning och istället fokuserar på att Penser hjälpte Karl Erik Schmitz med bankkontakt, vilket vi vet från Karl Erik Schmitz tackbrev till Penser,
According to details of seized documents obtained by EIR from the Swedish Customs Service, the scale of financial guarantee required for the growing Iran arms traffic run through Schmitz required a major bank credit line.
What bank was willing to finance arms traffic with the Iranian government?
In 1985, Schmitz met with Erik Penser, the majority shareholder of Nobel Industries of Sweden, the parent firm for both Bofors and Nobel. (…)
Penser's empire is run through his wholly owned London-based Yggdrasil. Penser lives in a mansion outside London named Compton House and commutes to Brussels, where he runs Nobel Industries and his other holdings from Nobel Finance of Brussels.
In 1985, according to the Swedish Customs Service records, Penser provided middle-man Schmitz with his "introduction" to a London bank willing to finance his risky Iran traffic. Arbuthnot Latham Bank, Ltd. of London agreed to finance Schmitz's arms traffic.
Since 1982, that London bank has been majority owned by Dow Scandia Holdings, Ltd., an affiliate of Dow Chemical of Midland, Michigan. A significant minority share in the bank is held by Nordbanken, a Swedish-owned entity tied to Pehr Gyllenhammar's Volvo.
Very big business
Schmitz's Iran arms traffic expanded enormously up until the time of the raid in September 1985. (…)
Companies for which Schmitz is the documented representative in Iran include
Bofors, Boliden, Leo, and Fermenta all of Sweden; Akzo of Holland; Celanese and PRB of Belgium; Dynamit Nobel and Silberkraft of West Germany.
In addition, he had extensive dealings with the so-called European Explosives Cartel, formally known as the European Association to Study Safety Problems in Production and Use of Propellant Powders (EASSP), based in Brussels.
Through this explosives cartel, as it has been called, arrangements to divide market share and profits for the immense Iranian explosives purchases of the last several years were worked out.
Firms involved and working with Schmitz in this Explosives Cartel include
Nobel Industries of Sweden, PRB of Belgium, SNPE of France, Nobel Explosives and ICI of Britain, Muiden Chemie of Holland, Dynamit Nobel of Austria, and Dynamit Nobel of West Germany, at that time a Flick family company.
Official records of the Swedish authorities confirm deals through Schmitz's companies totaling some $200 million as of September 1985.
Iran is estimated to be spending more than $1 billion annually to import explosives alone.
The Explosives Cartel is estimated to have supplied the lion's share, indicating that Schmitz's traffic could be well into the billions of dollars.
In addition, he brokered the construction in Iran of an explosives factory built by Penser's Nobel Industries.
In addition, Bofors laser-guided RA-70 surface-to air missiles are said to be included, as well as untold other munitions and war supplies.
One of the most intriguing leads in the Schmitz-Iran investigation is the front firm, Scandinavian Medicin AG, through which it appears that Schmitz laundered at least a portion of the huge money flows from his illegal weapons sales.
The member firms of Schmitz's Scandinavian Medicin AG included the scandal-plagued Fermenta, the Swedish chemicals and pharmaceuticals firm associated with Pehr Gyllenhammar of Volvo, Anders Wall of Beijer, and the Egyptian Refaat El Sayed, now under indictment for financial fraud and embezzlement. There is strong evidence that Fer menta, at the time of Gyllenhammar's merger discussions with El Sayed in late 1985, was to be a major part of illegal transactions with Iran involving Meshulam Riklis, New York based financier of Israeli Industry Minister Ariel Sharon.
Ett brev där Karl-Erik Schmitz tackar finansmannen Erik Penser för hjälpen att skapa kontakter hos Arbuthnat Bank i London (daterat 1985-04-15)Källa: https://imsvintagephotos.com/ett-brev-da-r-karl-erik-schmitz-tackar-finansmannen-erik-247186
Bolagstämman beslutade att totala aktier i emissionen reducerades från 169 000 till 167 000. De som erbjöds som teckna aktier till 1 013 kr/aktie senast den 16 november var:Källa: https://sv.m.wikipedia.org/wiki/Leo-aff%C3%A4ren#Riktad_aktieemission
FAB Yggdrasil, 100 000
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