new millenium resources ltd, page-32

Gibba, Trent T4p, and some others.

You know!

IMVHO.


When I say it's huge. Do they really know the impact of what HUGE means. Not likely.

Big is fantastic, Let's get down to brass tacks!.

Get off your lasy butts and DYOR.

Arrests over Arms-for-Oil Deals in 1993-1994
One of the joint-venture partners in Block Thirty-Three is Falcon Oil, a company reportedly controlled by Pierre Falcone, a Franco-Brazilian businessman who is alleged to have engaged in arms brokering. 46 On December 1, 2000, French authorities arrested Falcone on tax fraud and other charges in connection with his alleged involvement in the
brokering an arms-for-oil deal with the Angolan government in the early 1990s. According to The Washington Post, Falcone's company, Brenco International, brokered arms deals involving the sale of surplus Russian military equipment to the Angolan government. The first deal, the newspaper said, was worth approximately U.S. $47 million and took place on November 7, 1993, while a second deal, Arrests over Arms-for-Oil Deals in 1993-1994 One of the joint-venture partners in Block Thirty-Three is Falcon Oil, a company reportedly controlled by Pierre Falcone, a Franco-Brazilian businessman who
is alleged to have engaged in arms brokering. 46 On December 1, 2000, French authorities arrested Falcone on tax fraud and other charges in connection with his alleged involvement in brokering an arms-for-oil deal with the Angolan government in the early 1990s. According to The
Washington Post, Falcone's company, Brenco International, brokered arms deals involving the sale of surplus Russian military equipment to the Angolan government. The first deal, the newspaper said, was worth approximately U.S. $47 million and took place on November 7, 1993, while a second deal, worth some U.S. $563 million, took place in 1994.47 In both cases, the weapons purchases were
reportedly paid for with Angolan proceeds from oil sales - with Sonangol, for example, paying some of the money for the 1994 transaction to French bank accounts controlled by a Czech firm, ZTS OSOS, that provided some of the weapons.48 Falcone has denied the charges and stated that he "is innocent on charges and will be proven so in French courts."49.

Angolan President José Eduardo dos Santos acknowledged that the arms deals between ZTS OSOS, Falcone, and the government took place, but said that the deals
were legitimate. Dos Santos went further, praising Falcone for his efforts because they helped to preserve "democracy
and the rule of law" in Angola. He described Falcone's actions as a "gesture of confidence and friendship on the part of the French State" toward the Angolan government
that had helped facilitate the "spectacular growth in cooperation with France in the petroleum sector" and in other economic activities. Dos Santos also questioned why the French authorities were investigating and had arrested Falcone since the arms were not bought from French companies or in France, but from companies in Eastern Europe.5


The French authorities examined Falcone's computer records after his arrest and, according to Agence France-Presse, issued an international warrant for the arrest of Arkady
Gaydamak, a Russian-born businessman, on December 8, 2000.51 Gaydamak was said to have been one of Falcone's partners in the 1993 arms deal with the Angolan govrnment.52 On December 29, 2000, Agence France-Presse reported that Gaydamak was then in Israel, and that
he denied that he was guilty of tax fraud and arms dealing. 53 French authorities also arrested Jean-Christophe Mitterrand, son of the late, former
French President Francois Mitterrand, in connection with the arms deals on December 21, 2000.
According to the Washington Post, Jean-Christophe Mitterrand had allegedly helped facilitate the
1993 transaction between Brenco International and the Angolan government when he was then his father's presidential adviser on African affairs. He allegedly received payments totaling U.S. $1.8 million in 1997 and 1998 for his services.54 Mitterrand was released on
January 11, however, after his mother posted U.S. $725,000 bail.55 Prosecutors requested the court to drop the charges of arms trafficking because of procedural errors in filing the case, but a French court9 denied their request on February 23, 2001. 56 Jean-Christophe Mitterrand has denied all the charges and stated that the payments he received were consulting fees for an oil mortgaging deal between the Angolan government and Brenco International.

All in the past, but it reflects the future with our friends contacts and partners in Angola.

This is what HC is all about... Research.


Thanks to my friend that helped.


Your call.


Cheers