Dr. Alexander von Paleske -- 25.7. 2009 -- A closer look at the spiderweb of illustrious personalities featuring Bill Clinton, Frank Giustra, Adnan Khashoggi, Rakesh Saxena, Andre Agapov, Tim Gatland, Krirkiat Jalichandra, Matthew Hyndes and the companies Bangkok Bank of Commerce, Endeavour Financial and Uranium One.

Let’s go to the place, where things started, to Bangkok, capital city of Thailand.
Rakesh Saxena allegedly international Megacrook, defrauded the Bangkok Bank of Commerce to the tune of 2,2 billion US Dollars together with the then CEO Krikiat Jalichandra, thus triggering the Asian Banking Crisis in 1997.

Jalichandra has meanwhile been sentenced in Thailand to more than 50 years in prison, however Thailand would also like to bring Saxena to court, but up to now Saxena managed, despite an extradition request from Thailand to stay in Canada, to where he fled in 1996 allegedly with 88 million US Dollars "pocket money". A country, which he called “full of unintelligent idiots”.

And during the twelve years of his legal battle against his extradition to Thailand, he was not resting. To the contrary, he continued with fraudulent activities from his self paid house arrest in Vancouver, fraudulent activities that span the globe, including South Africa and Botswana.

However he was allegedly not the only person, Thailand accuses to have been involved in fraudulent activities Other interesting names are popping up:

Andre Agapov
Adnan Khashoggi (see here)
Tim Gatland
Oleg Boiko
Matthew Hyndes

And all of them are alive and kicking except presumably one: Tim Gatland.

Lets go through them and one by one

An Australian fraudster in Thailand
Tim Gatland Australian by birth, could look back to massive fraudulent activities via his company EC Consolidated Capital, targeting mainly middle income Australians, who were neither banker, nor broker. before he moved to Thailand.

He continued doing from his new home, what he could to best: Fraud, and not surprisingly came across Saxena and Jalichandra, "brothers in fraud", so to speak.

However, not only fraud, Gatland boasted of dealing in Plutonium, possibly to the Pakistan-Khan network or Iran, which prompted the CIA to send a team to Thailand. Unfortunately no further details are available.

Enter Matthew Hyndes
In Thailand Gatland met another Australian by the name of Matthew Hyndes, Diplomat by profession, whom he first had come across when both served Queen and country in the army. Hyndes was impressed by the “financial activities” of Gatland and the cash that was lurking out of his pocket. So impressed, that he asked for a 3 year leave, which was granted, to “help” Gatland in his stressful job, in this case in his company “Risk Asset Management”.

However Hyndes “leave for financial gains” came to an abrupt end on 10th June 1996. On this day Gatland disappeared without trace after he disembarked at the Dusit Thani Hotel, presumably murdered. Not a surprise, as as he managed to create many enemies at home and abroad.

The story, however, does not end here. Hyndes returned to Australia to continue with the less lucrative profession as a diplomat.
Thailand now accused Hyndes of having committed fraud at the Thai Tanakron Finance Bank, and demanded his extradition.

The Australian authorities refused, despite the evidence put to them by the Thai government. However Australia tried now to take the privilege of access to classified documents away from Hyndes , but Hyndes in return threatened to reveal uncomfortable details of the Australia-Thailand relationship. We in Africa call that blackmailing. The Australian Department of Foreign Affairs and Trade backed down. A toothless tiger?

Good Will Hunting - the Australian way
Hyndes, however, whose reputation was a bit battered after all, obviously tried to do do some “Good Will Hunting”, by putting dirt on another colleague and the story goes like this:

In the year 2003, before the US invasion of Iraq, a conversation between the then Australian Foreign minister Alexander Downer and the New Zealand ambassador Kate Lackey was leaked to the press.

In this conversation the Foreign Minister told the ambassador, that the government of Australia had decided, to join the invasion of Iraq, whilst publicly the government declared, a decision had not yet been reached.

Downer was outraged and a hunt for the “culprit” began. Hyndes offered “help” by putting the blame on a diplomat by the name of Trent Smith – without substance, just as a smear campaign.

Smith was suspended and finally fired. A million Dollar investigation started, that could in no way deliver proof of Hyndes allegations.

An industrial relations committee called Hyndes a liar ("No respect for the truth") and ordered the reinstatement of Smith, whilst Hyndes became Vice ambassador of Australia in Sri Lanka. What a wonderful Australian Department of Foreign Affairs and Trade (DFAT).

Thailand at least, after demanding unsuccessfully the extradition of Hyndes from Australia and Saxena from Canada , tried and sentenced Krirkiat Jalichandra.

A Russian named Agapov and his meteoric rise
Let’s continue with the next in Line, Andre Agapov. The Thai Government accuses him as well of fraud at the Bangkok Bank of Commerce. He meanwhile has started a gold exploration company by the name of Rusoro mining, from nowhere?.

This company is active in Latin America, guided by a company called Endeavour Financial.

Why does Endeavour Financial interest us? The major shareholder is a Canadian by the name of Frank Giustra, a very close friend of Bill Clinton and wonderful sponsor to his welfare fund.

Scratch my back and I scratch yours
The wonderful friendship of the former US President and this fine Canadian entrepreneur started in 2005 after the Tsunamis. Giustra was deeply impressed by the charity work of Clinton, moreover Giustra also blew the trumpet, whilst Clinton played saxophone, a "duo musicale" so to speak.

However the friendship did not end there, Clinton was offered the use of Giustras luxurious MD 87 jet (Golden taps in the bath-room, expensive oil paintings at the wall) and both flew in 2005 together to Kasakhstan a country blessed with the largest uranium deposits worldwide and one of the poorest records in democracy.

Several companies had lined up for the mining rights, but Giustra’s trump card was the Ex-US-President Clinton. Both, Clinton and Giustra joined the President of Kasakhstan, Nursultan Nazarbayev for a wonderful dinner, and, 48 hours after Clinton left, Giustra's company Urasia, with absolutely no track record in uranium mining, got the contract .

Frank Giustra – purely coincidentally of course – donated 30 million US Dollars to Bill Clinton’s charity afterwards and pledged another 100 million. How generous.

Quote from Giustra:

The only thing that always worked for me is generosity, Generosity can be very profitable.

How profitable was shown by the money, he made , when he sold his shares of Urasia to Uranium One in February 2007, the share price had risen from 10 cents per share in 2005 to 7 US Dollars within two years, cash to carry.

In another article we will look into the activities of this generous duo in Latin America and the donor roll of Clinton’s charity.

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