Vatmonger Eurokleptocrats declare that Fourth Reich aid to Third World is a manifestation of Fourth Reich's benevolence! To whom vatbuster Basil Venitis replies: It's not yours to give! Antivenitist Eurokleptocrats cannot understand how much it hurts when a poor vatstruck Greek mother who cannot pay the rent and feed her children learns that the VAT money she pays goes to motherfucker cacodemon kleptocrats of Third World! Arafat's widow inherited two billion euros; that's Fourth Reich(EU) aid money Yasser Arafat stole from the Palestinian people! Most Fourth Reich aid money finds its way to the secret offshore accounts of kleptocrats and the laps of terrorists. This is Euromalevolence, pure and simple! Allons enfants de la Patrie!
In an unprecedented step in the global fight against fraud and corruption, the heads of leading multilateral development banks (MDBs) signed an agreement to cross-debar firms and individuals found to have engaged in wrongdoing in MDB-financed development projects. The new agreement includes the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank Group and the World Bank Group.
Under the agreement, entities debarred by one MDB may be sanctioned for the same misconduct by the other participating development banks, in effect closing a loophole that had previously allowed a firm that had been debarred by one MDB to continue obtaining contracts financed by other MDBs.
This collective enforcement action validates the institutions' September 17, 2006 commitment as part of the joint IFI Anti-Corruption Task Force to explore further how compliance and enforcement actions taken by one institution can be supported by the others. Under the 2006 agreement, the institutions agreed to harmonize their definitions of sanctionable practices and to share greater investigative information among the banks.
Fraud in development projects disadvantages the most vulnerable. This agreement is an important signal that the development banks are making a concerted effort to sanction corruption around the world.
MDBs participating in the agreement will continue to manage their independent strategies to deter and prevent fraud and corruption in projects. However, the new agreement offers an opportunity to deepen the cooperation between participating MDBs on fraud and corruption risk management and creates opportunities for joint investigations where relevant.
The World Bank's Governance and Anticorruption(
GAC relies on whistleblowers to fight corruption. A whistleblower is a person who raises a concern about wrongdoing occurring in an organization. The revealed misconduct may be classified in many ways; for example, a violation of a law, rule, regulation, or a direct threat to public interest, such as fraud and political corruption. Prominent whistleblowers disclosed corruption and nepotism in the European Commission.
In most known cases, whistleblowers expose themselves to high personal risks in order to protect the public good. When speaking out against their bosses, colleagues, business partners or clients, they risk their jobs, their income and security. Nevertheless, rather than being heard and praised for their courage, most whistleblowers face indifference or mistrust and their reports are not properly investigated. They often end up in years of legal litigation, fighting for their own rights or for the case they have disclosed to be adequately investigated. The result can be health problems, depression, and early retirement.
The value and importance of whistleblowing in the fight against corruption is increasingly recognized. International conventions commit the signatory countries to implementing appropriate legislation, and an increasing number of governments is willing to put related regulations in place. Ever more companies, public bodies, and non-profit organisations put whistleblowing mechanisms in place for effective risk management and to ensure safe and accountable workplaces.
Legal frameworks can be essential in supporting this practice, provided they ensure full protection of the whistleblower as well as adequate and independent follow-up to the disclosure. Given that whistleblowers are in most cases insiders who are the first to detect wrongdoing, functioning internal whistleblowing systems are excellent tools for effective risk management in organizations.
Where whistleblowers testify during court proceedings, they can be covered under witness protection laws. However, these laws do not necessarily apply, because whistleblowers often suspect wrongdoing without having formal evidence and would not be able or willing to testify.
Furthermore, given that whistleblowers are usually insiders, they face very specific risks, such as harassment at work or dismissal, which are not normally covered by witness protection laws. The same goes for the need to receive compensation for salary losses, career opportunities, etc. Witness protection laws are therefore not sufficient to ensure adequate protection for whistleblowers.
Michael Christoforakos, the former president of Siemens Hellas, set a videocamera in his Siemens office, producing DVDs starring 200 Graecokleptocrats, kept at two public notaries. Christoforakos has the tiptop Greek politicians on DVD kowtowing to him for more kickbacks in exchange for lucrative overpriced contracts! The DVDs prove that Premier Costas Simitis, 10 ministers, and 80 MPs of Pasok, Premier Costas Caramanlis, 8 ministers, and 75 MPs of Nea Democratia, and 20 journalists shared two billion euros of kickbacks. Christoforakos, who now lives in Munich, identified John Bartholomew of Nea Democratia and Costas Geitonas of Pasok as the coordinators of kickbacks. Siemens set aside 10% of the revenue it received from state contracts to pay off Nea Democratia and Pasok as part of a bribery system that ran from 1975 to 2007.
Basil Venitis, twitter.com/
Venitis, points out Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC)
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