PANAMA FABRICATES FACTS ABOUT CUBA

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock

 

PANAMA SAYS CUBA LIED ABOUT ARMS SHIPMENTS TO NORTH KOREA  

Statements made by officials in the foreign ministry in the Republic of Panama have indicated that the original Cuban claims about the quality of the cargo carried in the North Korean freighter captured by Panama were untrue.

 

The Government of Cuba claimed that the military cargo seized by Panama, when the ship attempted to transit the Panama Canal consisted of antiquated aircraft and parts, to be reconditioned by North Korea, and returned to Cuba.

 

After careful examination, Panamanian government sources now say that operational MiG aircraft, and additional engines, whose records showed recent operation, were on board the vessel.

 

Panama has already levied a $1m fine on North Korea, for attempting to travel through the Canal with undisclosed military cargo, and the crew is in custody at a Panamanian military installation.

 

It is doubtful that any charges will be levied upon Cuba, though, due to the central role played by the Colon Free Zone, which ships goods to Cuba,  allowing it to evade American sanctions.

 

 

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Cuba And Its Corruption.

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA

~Contributed & Written by Kenneth Rijock ~

COUNTRY RISK REMAINS HIGH FOR CUBA

The Havana closed non-jury trial of Canadian businessman Sarkis Yacoubian has concluded after two days of hearings that will surely be regarded as a travesty of justice; a judgment is expected at the Peoples' Tribunal for Havana Province shortly. Mr. Yacoubian could receive as much as twelve years on corruption charges. The fact that he was the whistle blower of major institutional governmental corruption notwithstanding, he will be spending a substantial amount of time in one of Cuba's notorious prisons. Apparently, the embarrassing exposure of corruption will result in conviction of the messenger.

Since his arrest, several foreign business executives, as well as government officials, and leaders of state-controlled corporation have been detained. Inasmuch as bribes and kickbacks are required to open, and maintain, any foreign-owned business in Communist Cuba, you can expect the current purge, of officials as well as the foreign businessmen who paid them, to be extensive, and dangerous to foreign investors, businessmen and professionals.

Investing in Cuba, for foreign individuals and entities, appears to be out of the question at this time; keep your Country Risk for Cuba at the highest level, which strongly discourages investment, any banking relationships, and any expenditure of significant amounts of capital.