RELIABLE SOURCE
THE IADB IS INMERSE IN ITS DEEPEST EHTICAL CRISIS IN YEARS.
UNDER THE PRESIDENCY OF THE REELECTED ALBERTO MORENO, TRANSPARENCY AND INTEGRITY IN IADB’S TRANSACTIONS HAVE BECAME JUST AN ACT OF FAITH, AN EMPTY CONCEPT USED ONLY TO SAY WHAT THE STAKEHOLDERS WANT TO HEAR IN HIS LOQUACIOUS SPEECHS, BUT NOT APPLIED TO BUSINESS ETHICS AT ALL.
A RELIABLE SOURCE CONFIRMED TO THE RED FLAG EXPRESS, SINCE 2009, IADB’S TOP MANAGEMENT HAS EVIDENCE OF CORRUPT PRACTICES BY GERMAN GIANT SIEMENS, INVOLVING GOVERNMENTAL OFFICIALS, PRIVATE INDIVIDUALS AND COMPANIES IN US, ARGENTINA, BRAZIL, MEXICO, DOMINICAN REPUBLIC, COLOMBIA, VENEZUELA, GERMANY AND SPAIN.
MORENO, THE GERMAN AMBASSADOR IN WASHINGTON, AND GERMANY’S REPRESENTATIVE AT THE BANK’S BOARD OF DIRECTORS AND AUDIT COMMITTEE, MET “IN PRIVATE” BEFORE THE REELECTION.
ALSO, MORENO INSTRUCTED HIS DIRECT COLLABORATORS TO STOP ANY ACTION THAT MAY AFFECT SIEMENS UNTIL HIS REELECTION WERE ASSURED.
JAMES SPINNER, LEGAL COUNSELOR, AND BRIGIDA BENITEZ, RECENTLY APPOINTED MANAGER OF BANK’S ANTICORRUPTION OFFICE IN REPLACEMENT OF STEPHEN ZIMMERMANN, HAS TAKEN MEASSURES TO REDUCE THE IMPACT OF THE EVIDENCE, NEUTRALIZE BANK’S ANTICORRUPTION RULES, STOP NEW INVESTIGATIONS AND INTIMIDATION OF WITNESSES.
THE RED FALG EXPRESS ALSO CONFIRMED THAT IDBS’S MANAGEMENT INTENTIONALLY DID NOT DISCLOSE TO THE BANK’S BOARD OF DIRECTORS AND THE AUDIT COMMITTEE, NOR TO THE NATIONAL AUTORITHIES OF THE COUNTRIES INVOLVED THE EVIDENCE OF CORRUPTION IN ITS POSESSION.
ANOTHER CONFIDENTIAL SOURCE, REPORTED TO THE RED FLAG EXPRESS, THAT THIS IS NOT THE FIRST TIME DURING MORENO PRESIDENCY THAT THE IADB’S MANAGEMENT IS INVOLVED IN CONCEALING CORRUPTION EVIDENCE.
WE WILL CONTINUE COVERING THIS STORY.
THE RED FLAG EXPRESS.