-Caveat Lector-

from:
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<A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A>
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Money Laundering

MI6 "Investigates" Crime Links to KLA

Kosovo is Money, Money, Money

THE secret support network across Europe and America providing help to
the Kosovo Liberation Army is being investigated by MI6 and other
intelligence agencies after allegations that organised crime plays a
central role.
Most of the investigation work has been focused on Switzerland where the
KLA is known to have set up a complex network of accounts to channel
funds raised from the Albanian and Kosovar diaspora. Some accounts have
been found to breach Swiss banking standards and have been closed down.

Support comes from shadowy groups known mainly by their acronyms. The
KLA is supported by the LPK and LNCK but challenged by the LDK and
tolerated by the LBD, formed out of the LDS. Each group has a clear
interest in the future of Kosovo and there is intense rivalry as they
try to build large fighting funds to help to pay for the political
battle that will follow the war.

It is not known whether links with organised crime were proven and some
accounts were found to be legal. The investigations have forced the KLA
to be even more cunning in concealing its financial trail.

The investigations were launched after repeated accusations, mainly from
Belgrade, that the KLA was funded largely by organised crime including
drugs trafficking and the smuggling of non-Europeans into the EU.
Belgrade repeatedly said the KLA was a terrorist organisation with
similarities to the IRA, which has criminal backers.

The West's attitude is equivocal. State Department spokesmen are holding
back from giving absolute backing to the KLA. Current investigations
will go a long way to establishing whether the KLA is a genuine, popular
freedom fighting group or a front for criminals.

Since Albania's Cold War isolation ended in 1991, the country's large
and rapidly growing diaspora has begun to challenge the Sicilian Mafia
for control of large-scale crime in the West. While it is true that
Albanian criminals are proliferating in some parts of the West, the
connection between them and the KLA is not so clear, notwithstanding
Belgrade's propaganda.

What the Western agencies, including the Secret Intelligence Service,
have found is a sophisticated network of accounts and companies set up
to process funds that the KLA says were raised legally as voluntary
contributions from supporters in the ethnic Albanian diaspora. Western
investigators first had to distinguish between funds raised for the KLA
and funds raised for rival Kosovo support groups.

The KLA's precursor was a secretive party known as the Popular Movement
for Kosovo (LPK) set up in Germany after the 1982 assassination of three
Kosovar Albanians in Bonn. The LPK was known to have Marxist-Leninist
pretences in the early days but those are believed to have been diluted
since the armed struggle began on a large scale last year with the KLA
appearing in uniform in Kosovo.

The KLA's main rival was the Democratic League of Kosovo (LDK), the
party of Ibrahim Rugova, which stood on a ticket of peaceful,
Gandhi-style, non co-operation in Kosovo. The LDK is more politically
sophisticated and in 1992 it organised what it called free and fair
elections in Kosovo, still subject to strict Serb control, and elected a
government which was forced to operate in exile in western Europe.
Kosovars were encouraged to provide funds for the LDK through voluntary
donations.

The KLA soon learnt the same trick and letters went round to the Kosovar
diaspora asking for funds. Some of the methods of persuasion were
believed to be erring on the strong side.

The London Telegraph, May 5, 1999


Der Fuhrer Invades Yugoslavia

NATO Military Commander Criticizes NATO Curbs

Kill 'em ALL! Let CNN sort 'em out!

BRUSSELS - NATO's senior military commander said Tuesday that the
bombing campaign against Yugoslavia was lasting much longer than
expected because of serious constraints imposed on the alliance and its
refusal to use the overwhelming firepower that it had at its disposal.
General Klaus Naumann, the outgoing chairman of the alliance's Military
Committee, said the lessons of the first sustained combat operation in
NATO's 50-year history underscored the limits of waging war by a
coalition of 19 democracies.

''The air campaign is working, but not as quickly as we hoped,'' said
General Naumann, a 60-year-old German officer who is retiring from his
post this week.

''We have conditions we have to follow,'' he said, ''which degrade our
own military campaign, especially the need to limit civilian
casualties.''

At a farewell news conference, General Naumann said the alliance needed
to reflect on how it could best reconcile the requirements of political
control in a democratic alliance with the need to maximize effectiveness
in future military operations.

''We need to think through our organization's structure in time of
war,'' he said.

On the 41st day of the air campaign, NATO carried out the most extensive
bombing operations so far, hitting Yugoslav armed forces throughout the
entire province of Kosovo.

A NATO spokesman, Jamie Shea, said no part of the Yugoslav armed forces
had been spared.

He said the targets included five airfields, at least three aircraft,
radar and petroleum facilities, command and control bunkers, artillery
sites and communications lines.

General Walter Jertz, a German who is a NATO military spokesman, said
the latest allied attacks were concentrated against the 125th Motorized
Infantry Brigade in western Kosovo and the 243d Brigade in the east.

Both brigades have been accused of conducting some of the worst known
''ethnic cleansing'' operations and their commanders have been cited as
war crimes suspects.

General Jertz said that the bombing raids had gone ''extremely well''
and that more than 80 percent of the designated targets had incurred
damage.

''It was our most successful military operation yet against field forces
in Kosovo,'' he said.

Pentagon officials announced that a U.S. F-16 fighter shot down a
Yugoslav MiG-29 after being challenged near the Bosnian border.

NATO claims to have destroyed more than half of Yugoslavia's air force
in air battles and repeated attacks against airfields.

President Bill Clinton plans to visit Germany for two days to meet with
Chancellor Gerhard Schroeder as well as U.S. pilots and Kosovar
refugees.

U.S. officials said one of the reasons behind the trip was to help
revitalize support for the air campaign in Germany, where Chancellor
Schroeder's alliance of Social Democrats and Greens is feeling intense
pressure to back away from the bombing campaign.

President Clinton will start his trip with a meeting here at NATO
headquarters early Wednesday with Secretary-General Javier Solana. He
also plans to receive an update on the course of the air operations from
General Naumann and NATO's top military commander, General Wesley Clark.


On Capitol Hill, the Senate set aside Senator John McCain's effort to
give Mr. Clinton unsolicited authority to use ''all necessary force'' to
win in Yugoslavia. The Arizona Republican bitterly accused the president
of being ''prepared to lose a war'' rather than consider use of ground
forces.

The vote was 78-22.

After six weeks of sustained air strikes, General Naumann acknowledged
that the alliance's military strategy had not succeeded in coercing
President Slobodan Milosevic to embrace an interim peace settlement nor
had it stopped him from expelling hundreds of thousands of ethnic
Albania n refugees from Kosovo.

But he emphasized that NATO missiles and warplanes were slowly
destroying Mr. Milosevic's ''war machine'' and have managed to disrupt
Yugoslav forces in their efforts to banish the ethnic Albanian
population. He said Mr. Milosevic ultimately risked the devastation of
his entire country unless he bowed to the demands of the international
community.

''Milosevic is losing, and he knows he is doomed to fail,'' General
Naumann said, adding that the attacks on Yugoslavia's oil facilities and
the disruptions in lines of communications were producing the first
signs that morale was sagging among the nation's beleaguered armed
forces.

On the other hand, General Naumann said, Mr. Milosevic's tactics of
using civilian sites to shield military assets , such as parking tanks
and basing troops next to churches and apartment buildings, meant that
the alliance would not be able to hit all its military targets.

General Naumann said the use of ground troops has never been a serious
option, which further compounded the difficulties of the air campaign.

But he insisted that any disappointment with its results should be
measured against the absence of any casualties for the alliance.

''We democracies hate war,'' he said. ''Any operation without one
soldier being killed or wounded is not a bad result for the alliance.''

General Naumann also pointed out the ''astoundingly low'' number of
accidental strikes against Yugoslav civilians. He said more than 5,000
bombing attacks have been carried out involving 15,000 pieces of dropped
ordnance, yet only six had gone astray and resulted in the deaths of
civilians.

After spending much of his three-year tenure trying to shape NATO's
war-fighting abilities to the post-Cold War era, General Naumann stepped
down with a warning that a dangerous technology gap was emerging between
the United States and Europe that could lead to allied soldiers being
unable to fight on the same battlefield if it was not redressed.

General Naumann noted that the United States spent $36 billion a year in
military research and development, compared with $10 billion for all the
European countries.

He said the technological superiority of the American forces had left
European forces sidelined for much of the air campaign, with the United
States firing the vast majority of cruise missiles and laser-guided
munitions against Yugoslav targets.

As diplomatic efforts to resolve the crisis continued, the Russian
special envoy for the Balkans crisis, Viktor Chernomyrdin, said after
meeting with President Clinton at the White House that a solution to the
conflict was closer.

But Secretary-General Kofi Annan of the United Nations, who was to meet
Mr. Chernomyrdin later Tuesday, cautioned against expecting any quick
end.

Germany announced that foreign ministers of the Group of Seven major
industrial powers plus Russia would meet Thursday in Bonn.

Prime Minister Tony Blair of Britain, on a visit to Romania, insisted
there would be no compromise on NATO's demand, which President Milosevic
has so far rejected, for an armed international force to go to Kosovo to
protect ethnic Albanian refugees returning home.

NATO acknowledged that Serbian forces had resumed ''ethnic cleansing''
in Kosovo on a massive scale.

International Herald Tribune, May 5, 1999


Palladium Market

Palladium Price Plunges

Gold next?


The price of palladium, a metal used in car exhaust systems and
electronics, has dropped by a quarter in the last couple of weeks, and
was still falling yesterday.


On April 20 it was $384 per ounce; yesterday it was $285 per ounce at
the London bullion market afternoon fix.


Palladium used to be far cheaper than its sister metal platinum. In the
past couple of years it had almost caught it up, but the palladium price
has shown far more volatility than platinum's.


The steady price rise had mainly been because mine production at present
falls well short of demand, but also because exports from Russia, the
big producer that also holds substantial but unquantified stockpiles,
were disorganised and unpredictable.


Analysts have warned that some palladium users would switch to more
reliable alternative metals, now palladium had lost its price advantage.


The confusion surrounding the latest price collapse is typical of the
palladium market. This year, like last year, began with prices buoyant
because of uncertainty about the size of Russian exports and worries
about physical and bureaucratic delays to shipments.


Most metal is sold by the finance ministry and the central bank, and
Norilsk Nickel, the big producer (based in Arctic Russia) also has a
small quota - around a tenth of total Russian exports. But the official
export agency, Almaz, normally handles the actual export deals.


In March, new export licences were said to have been agreed and in April
rumours began that palladium was actually being exported from Russia.


Then there was speculation of a new 5 per cent export tax, effective
from April 28. That was followed by reports, apparently confirmed by
Norilsk, that it had shipped out its entire 1999 quota (about 10 tons)
in order to beat the imposition of the export tariff.


On Friday between four and five tons of palladium are believed to have
been sold at the London fix - an abnormally large quantity: even a ton
would be a lot. Meanwhile, the Almaz negotiators are reported to be
packing their bags for Tokyo to start the annual haggle about export
prices with their big customers there.


Since the London bullion market was shut on Monday because of a UK
public holiday, it was the New York futures price that bore the main
brunt of all this confusing but bearish news.


Nevertheless, in London yesterday the price was fixed a further $12
lower at $285 per ounce, and $47 lower than Friday's close.


There were large imports of palladium to Switzerland via Holland in
March. And Rhona O'Connell of Hoare & Co suggests that the sharp fall in
prices could be the consequence of hedging by buyers or their agents in
Switzerland.


If buyers agree that the metal will be sold at the price obtaining on a
particular day, they can avoid risk by selling comparable quantities on
similar terms.


However, analysts are still puzzled by the fact that so large a quantity
was sold at the fix.


Ross Norman of Precious Metals Research described it as a desperate
move, and argued that Norilsk was not that clumsy. He also pointed out
that Norilsk allegedly said it had shipped palladium to the US, whereas
the import figures were for Switzerland.


Confusion looks likely to prevail in the short term. But in the longer
term, Ms O'Connell argues that the fundamentals for the metal remain
good.


Although palladium users are switching to alternatives where possible,
and usage per unit is falling, the total number of units where palladium
is involved continues to grow.


"Supplies are consistently falling short of demand and are likely to
continue to do so . . . the fate of supply rests in Russia's hands."

The Financial Times, May 5, 1999
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
Omnia Bona Bonis,
All My Relations.
Adieu, Adios, Aloha.
Amen.
Roads End
Kris

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