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Posted on Sustainabilitank.info on February 11th, 2012
by Pincas Jawetz (pj@sustainabilitank.info)

The May/June issue of the Austrian Business Magazine for Economy, Environment and Corporate Social Responsibility “corporAID” stayed that11% of total monetary transactions by African Governments vanish in dark alleys towards foreign banking deposits. The paper knows because much of the money ends up in Austrian Banks. Further – the article states that by 2006  $700 t0 $800 Billions nave vanished this way.

The article mentioned names:

Champion was Hosni Mubarak of Egypt who stashed away in his family foreign accounts during his 30 years of Government Service – a neat amount of $70 Billion.
He is followed by the Gaddafis of Libya who needed all of 42 years in order to stash away only $60 Billion.

The list of the first 10 highest  Kleptomaniac African Heads of State is rounded up in the following order:

#3  – Robert Mugabe of Zimbabwe                 — $10  Billion.

#4  –  Hassan al-Bashir of Sudan                         –    $9 Billion

#5  –  Mobutu Sese Seko of the DR of Congo – $5 Billion

#6  –  Sani Abacha of Nigeria                                    – $5 Billion

#7  –  Zine Ben Ali of Tunesia                                   – $5 Billion

#8  –  Yoweri Museveni of Uganda                      – $4 Billion

#9  –  Charles Taylor of Liberia                             –  $3 Billion

#10 –  Omar Bongo of Gabon                                   –  $2 Billion

These evaluations are backed by the British All Party Parliamentary Group and by the Washington Global Financial Integrity GFI Group.

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