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VenEconomy: Serious accusations

 

Serious accusations were made this Tuesday, September 9, by Manhattan District Attorney Robert Morgenthau when he said that Venezuela and Iran are creating a “cozy financial, political, and military partnership” and that both have strong ties to the terrorist organizations Hezbollah and Hamas.

The gravity of these statements acquires even greater import because, on the one hand, Iran is an outlaw state whose nuclear arms race is being firmly fought by the United States and other countries; and, on the other, because this arms race has been linked to an investigation against the Banco Internacional de Desarrollo, C.A., a unit of Export Development Bank of Iran, and its supposed relations with Venezuelan and Panamanian banks as a way of accessing the US financial system.

District Attorney Morgenthau notes that “for Iran, the lifeblood of their nuclear and weapons programs is the ability to use the international banking system to make payments for banned missile and nuclear materials.” He further states that “the opening of Venezuela’s banks to the Iranians guarantees the continued development of nuclear technology and long-range missiles.”

Moreover, Morgenthau called on the Barack Obama administration to implement policies and take measures so that this partnership between Iran and Venezuela “produces no poisonous fruit.”

Setting aside any political considerations, Venezuela would be getting itself into a jam if it were to be proved that there is, in fact, financial cooperation between Chávez and Ahmedinejad in order to bust the sanctions imposed by the international community and the Security Council to prevent the advance of nuclear proliferation and terrorism. The sanctions for the Venezuelan government and for the country would be swift in coming, and this, in the opinion of many, would be the push Chávez has been waiting for to declare his much desired asymmetric war against the Empire.

For the Venezuelans, this could result in a blockade on financial flows abroad by the United States and other signatory countries of the Security Council’s agreements, as well as other measures in the area of trade, something that would further aggravate the country’s already deteriorated economic situation.
Another item of news this week along the same negative lines was a report in a newspaper of the Principality of Andorra, a small country located in the Pyrenees, which states that several bank accounts supposedly having ties to President Hugo Chávez’s circle have been frozen on the assumption that they were being used to finance terrorist activities of the FARC, Hezbollah, Hamas, and/or ETA, among others. The measure was apparently taken as part of an investigation started following an alert given by the US Department of State.

So these accusations, if they turn out to be founded, could have dire consequences for the ordinary Venezuelan, who has absolutely no say in this situation.

 

 

 

VenEconomy has been a Venezuela's leading specialized publisher on financial, political and economic data since 1982. VenEconomy's Points of View on the issues of the day, as seen by VenEconomy during the last week. Petroleumworld does not necessarily share these views.

Editor's Note: This commentary was originally published by VeneEconomy on 09/10/2009. Petroleumworld reprint this article in the interest of our readers .

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Petroleumworld News 09/10/09

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