Monday, November 12, 2007

Bklink: Barclays Loaning Money to Brutal Mugambe Regime

And, now, the latest flap surrounding Barclays Bank, which owns the naming rights to an Atlantic Yards area: "BARCLAYS is bankrolling President Robert Mugabe’s corrupt regime in Zimbabwe by providing substantial loans to cronies given land seized from white farmers. The British bank lent £750m to the country’s new landowning elite in the first half of this year, mostly through a government scheme to boost farm productivity. This weekend Barclays was under pressure to say whether it had lent money to five of Mugabe’s ministers — each named in European Union sanctions."--Sunday Times (London) via McBrooklyn

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