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Deutsche Bank may have
violated Iran sanctions

Jerusalem Post [Israel], by Benjamin Weinthal

Original Article

Posted By:Photoonist, 10/30/2012 11:16:08 PM

Berlin - Flagship German financial institution Deutsche Bank appears to be embroiled in violations of Iran sanctions, the German television channel n-tv reported Tuesday on its website. According to the report, Deutsche Bank confirmed in its quarterly business report on Tuesday that US investigators were probing the banking giant for violating the trade embargo on Iran. The possible violation deals with a financial transaction with the Islamic Republic in US dollars. Deutsche Bank says it will now cooperate with the authorities, though it had previously refused to comment on the allegations.

Comments:
Since Iran has gotten everything it needs for its nuclear and other military programs eventually as far as they are concerned the ''embargo'' only exists on paper and adds to expenses. Many Western companies will sell out the West for a few euros.

      


Post Reply  

Reply 1 - Posted by: KTWO, 10/30/2012 11:29:44 PM     (No. 8975944)

Which set of sanctions did they may have violated?

Was it the set that couldn't work or the set that was never intended to work or the set that no one can understand?



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Reply 2 - Posted by: Spidey, 10/31/2012 7:09:08 AM     (No. 8976208)

Obama's swiss cheese sanctions are stopping Iran's nuclear program in it's tracks.

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