On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges
On Christmas Day, 2015, we told our readers the fascinating tale about the Turkish-Iranian gold smuggling ring - perhaps the biggest and most brazen in history, one which lasted for years, which saw billions in gold transported out of Turkey and into Iran to allow Tehran to circumvent the western financial sanctions using gold as a medium for bater, and which was all made possible thanks to the tiny Emirate of Dubai.
What made this particular instance of gold smuggling especially memorable is that it reached to the very political top in both Turkey, and Iran, and Dubai.
However, while the broad framework of Turkey's exporting of gold to Iran, initially directly and then via Dubai, had been already in the public domain, Zero Hedge first revealed the man, or rather people, who made it all possible: the Dubai gold "trading" company of Gold.A.E. - is a subsidiary of Gold Holdings Ltd, a company which is owned by SBK Business Holdings and Abu Dhabi's second in command, the son and avisor to the ruler of Abu Dhabi, Sheik Sultan bin khalifah Al Nahyan.
The reason why Gold.A.E. suddenly, and very dramatically, emerged on the global arena is because as we first reported a week ago, the company's "new" management team admitted that after many months of "inquiries", it had discovered that not only had the "old" management, led by the now former CEO of Gold A.E., Mohammad Abu Alhaj disappeared, but that all the money - and gold - held at Gold.A.E. which once again was primarily a "trading" front for the Turkish-Dubai-Iran gold smuggling triangle, had been stolen.
Here, for those who missed it the first time, is the letter that Gold.A.E.'s stunned clients received in late December:
Dear Client
A group of minority shareholders of GOLD HOLDING suspected that there were questionable financial transactions being undertaken in Gold AE DMCC ("the Company"). Acting on these suspicions they initiated internal investigations. During the course of the investigations the entire then management team abruptly resigned with no notice. Since the majority shareholders also seemed to be unavailable, the minority shareholders did not accept this resignation. However, these persons went to DMCC, submitted their resignations and managed to get their visas cancelled.
Following this, in august 2015, Mr. Andre Gauthier has been appointed as the manager of the Company so that investigations continued and once completed necessary action can be taken to secure the interests of the clients and shareholders of the company. His appointment took effect from August 9 ,2015 . When he took over, new management realized that he now had access to more information concerning the activities of the previous management and, he realized that there had been substantial withdrawals from the company's account to the personal accounts of some of the management and the majority shareholders.
Management has also uncovered information with respect to the existence of a bank account with Arab Bank (Switzerland) Ltd in Switzerland in the name of the Company. An attempt has been made to approach this bank but, since none of the current management or minority shareholders are signatories to the account and, due to the stringent Swiss banking laws and regulations regarding confidentiality, no additional information or access has been provided by the bank.
In order to try and secure/recover monies that had been taken out of the accounts of the company, Mr. Gauthier in his capacity as manager has filed various cases as against the recipients of the funds from the Company (Dubai Police ( Bur Dubai Police Station), Case No: 24378). The minority shareholders are doing everything within their powers to support him in his efforts to recover these monies that were withdrawn from Gold AE in questionable circumstances.
DMCC has alleged that some of these activities undertaken by the previous management are in breach of DMCC's rules and as such they have taken the decision to terminate the license of the Company. We are working closely with DMCC to find a solution and in the meanwhile, we request that you bear with us. In the meanwhile, as a statutory consequence of the license being terminated, the trading platform of the Company has to shut down as of the date of termination of the license which is 24th November 2015.
We trust the forgoing is of assistance.
Sincerely,
On behalf of GOLD AE MANAGEMENT
Or, as we said a week ago, one can summarize the letter above by loosely paraphrasing South Park's infamous episode: "aaaannd it's gone. The gold is all gone."
In a follow up article, "The Mystery Of Dubai's Vaporized Gold: The Plot Thickens", we presented readers with the version of events as laid out by the local press, in this case Arabian Business, which tried to assign responsibility for the theft, while in the process exonerating SBK Holdings and its billionaire owner - one of the most important people in the United Arab Amirates - and "washing" their hands of any accountability.
Recall, "the rush to make sure any link between the criminal Gold.AE and its parent, SBK Holdings-owned Gold Holding is immediately severed. A spokesperson for the DIFC said: "We wish to make it clear that although Gold AE is a subsidiary of M/s Gold Holding, which is a DIFC-based holding company, Gold AE and M/s Gold Holding Ltd are two separate entities."
"We wish also to clarify that M/s Gold Holding Ltd is, to our knowledge, not involved in any trading operations, client-facing business affecting clients of Gold AE or the provision of any financial services. Accordingly, it is not regulated by the Dubai Financial Services Authority."
But was Gold Holding involved in the smuggling of billions in gold out of Turkey and into Iran? And then, back to Mohamed Abu Alhaj, who just a year ago was the widely respected CEO of Gold AE.
When Arabian Business emailed the public inquiries email address for Gold Holding, info@goldholding.com, it received a reply from Mohammad Abdel Khaleq Abu Al Haj, who is a member of Gold AE’s previous management team facing allegations of fraud.
Al Haj insisted in his email that Gold AE’s existing management team were responsible for the alleged fraudulent activity. He also claimed that requests by him for meetings with shareholders to discuss management issues had been refused.
In short: one side saying the other is guilty, the other side responding identically, blaming the first side. Meanwhile the money - and gold - of the clients of this company, perhaps the most important gold holding company in the Persian Gulf, has been stolen.
* * *
So while we continue to dig into the mystery of Dubai's stolen gold, one which has received absolutely no mention in the western press - in fact the only reason anyone mentioned Dubai in recent months was the dramatic burning of The Address hotel on New Year's Eve (as covered here), we got the following curious email from a former client of the company; a client whose gold is now all gone.
I'm a client of Gold.ae and live in JLT, just a short distance from where the company had their office in Saba 1 Tower, Cluster E, so I was able to carry out reasonable due diligence (for this country) prior to making any investments in PM's. I understood that Gold.ae was under the patronage of the Dubai Royal Family and had received several awards in the UAE prior to my personal involvement. Of course there was absolutely nothing to suspect any wrongdoing at this time, in fact the contrary would be true.
I did not trade with the company in the traditional sense of short term buying and selling but invested in Gold and Silver over a period of time with the view of holding for the long term. I was comfortable with this because the PM's were stored in the vault in Almas Tower (Almas meaning diamond in Arabic) under the guidance of DMCC. This vault was said to be the most secure in the region. My personal investment / loss is in the region of $[redacted].
The first I heard about the recent failing of the company was on the 23rd of December, I did not receive the earlier email dated 16th December. The company made no attempt to contact me prior to that. I have however since been in regular contact with a senior manager, my 'source' who now works out of the Gold Holding office in DIFC. He has been very helpful in passing on information and has given me the contact number of Mr. Andre Gauthier, the new CEO. Interestingly, since you published your recent article he has stopped answering his mobile. Maybe you would like to try and speak with him on our behalf, his mobile number is: 00971 50 [redacted]. You may have more luck speaking with him than the clients suffering large losses!
And here is the punchline from our source's letter:
My source has told me that he now understands that the company knew something was terribly wrong in the March - May period of this year, but it took until December for the company to notify their clients. One has to ask why nothing was done during this timeframe? My source has informed me the main individuals responsible for this are; Mohammed Abu Al Haj, Chairman and founder, Mohammed Ebdah, COO, Mohammed Adnan Younis, Sales Director and Rania, Board member. I've been told all involved are Jordanian, however, one has a Canadian passport, one has a US passport. As you know the management team conveniently resigned their positions and DMCC accepted to cancel their visas. Two of them have since set up separate companies in the UAE.
Yes, the story in which the former management team is scapegoated has been previously reported, but the main question, as our source on the ground asks, is why the all important, Gold Holdings - a company embedded into the political oligarchy of Dubai, and thus of the Persian Gulf - waited seven months before alerting clients that all their funds had disappeared. Even MF Global had just a few days to inform its clients it had gone bankrupt and thousands of small commodity traders had been Corzined.
Because as hard as we try to believe that the person whose task was to break into the Turkish market (and then Russian as we will show shortly), all signs point to the holding company as being instrumental in the vaporization of Dubai's gold.
According to a recent Gold Holdings presentation we have exclusively obtained, Gold Holdings was quite eager to disclose its desire to become the leading and most important gold company in the Persian Gulf, "A new integrated Gold and silver investment vehicle", one which covered everything from mining, to processing, to refining, to trading, to distribution, to jewelry.
This is what the October 2014 presentation boasted about Gold Holding's ambitions - nothing short of global gold commerce dominance:
- To be a premier precious metals investment vehicle, physical.
- To provide shareholders with high quality, long-term exposure to precious metals.
- To offer mine owners an attractive alternative to debt or equity.
- To be a significant and Reliable trader of Gold and Silver
Here is a map showing the tentacles of Gold Holding: note the core presence in Turkey.
The company's Org Chart is extensive, and clearly discloses the infamous Gold A.E., which curiously is shown as registered for trading not only in Dubai, but in... Shanghai? As for the distribution network, it clearly reaches all key regional money centers, and yet Iran is oddly missing...
Here is another Gold Holding chart showing where according to the old management team the risk lay; not surprisingly the biggest risk - that of corporate fraud and embezzlement - was at the Trading level, where the risk was supposed to be the lowest. Oops.
The final slide we want to bring attention to is the one laying out the Board of Directs of Gold Holding: it lists not only the abovementioned Sheikh Sultan Bin Khalifa Bin Sultan Al Nehayan as the Chairman, but the alleged mastermind behind the theft, Mohammad Abu Alhaj, in his role as board member and CEO of... Gold Holding?
Wait, wasn't Abu Alhaj supposed to be the CEO of Gold.A.E., the subsidiary of Gold Holding? Now this is odd because recall that in the Arabian Business article excerpted above, a spokesperson for the DIFC, or the Dubai International Financial Center (a Federal Financial Free Zone administered by the Government of Dubai), there is no direct link between Gold Holding and Gold AE:
"We wish to make it clear that although Gold AE is a subsidiary of M/s Gold Holding, which is a DIFC-based holding company, Gold AE and M/s Gold Holding Ltd are two separate entities."
"We wish also to clarify that M/s Gold Holding Ltd is, to our knowledge, not involved in any trading operations, client-facing business affecting clients of Gold AE or the provision of any financial services. Accordingly, it is not regulated by the Dubai Financial Services Authority."
It appears "your" knowledge was wrong, because unfortunately it does not make any sense that the person in charge of Gold AE was also, according to the company's own investment roadshow, the CEO of Gold Holding Ltd, and as much as the media and current management wants to make it seem there was an more than arms-length distance between the two in order to blame the theft on the "old management team", the reality is that as recently as late October 2014, or just a few months before the new management team allegedly discovered the supposed "substantial withdrawals from the company's account to the personal accounts of some of the management and the majority shareholders."
In short, the official story in which just one man is scapegoated for the theft of millions in paper and gold currency, makes less and less sense the more we dig.
Which brings us to our conclusion from a week ago:
So, is the former CEO of Gold.AE the criminal mastermind, the person who was responsible for the Turkish gold presence in Dubai, and the one who defrauded Gold.AE... or is he merely the fall guy: after all the new management team, according to Arabian Business, had been at the company since March: how could it take it 9 months to uncover that the company was nothing but a hollow shell, whose assets had been pilfered by the previous management.
And if indeed this crazy story which has every possible James Bond element in it culminates with a case of scapegoating, does that immediately mean that Sheikh Sultan Bin Khalifa, a person at the top of the Gulf's political and financial oligarchy, is involved. Because if he is, so is the US, as nothing happens in the United Arab Emirates without the United States being aware of it. Finally, if that is the case, it means that not only did the US sanction what has been the world's biggest gold smuggling ring, but that it implicitly gave Iran its blessing to use barterable Turkish gold in order to bypass sanctions imposed by... the United States!
Less than a week later, and we are getting closer to showing that we may indeed be looking at a case of not only massive corporate fraud, but even more troubling, a case of blame the other guy, when in reality the person accountable is one of the most important - and richest - people in the country, if not the entire middle eastern region.
But before we focus on the dramatic geopolitical implications of this James Bondian story that gets more complex and fascinating the more we dig, we would first like to help the small investors get back their investment, and all the money (and gold) that was stolen from them.
As such we open it up to our readers as well: below we present the latest until now confidential roadshow by Gold Holding, with hopes that someone will be able to spot something "out of place", in hopes of escalating this case of corporate fraud to the highest possible criminal instance in the UAE... which however will never be high enough if, as we now suspect, it culminates with the second most powerful person in Dubai.
* * *
And finally, while not directly related to the topic of Gold AE's massive fraud, here is the remainder of the Gold Holding investment presentation: we find it remarkable because after having covered the Turkish market, the Dubai company had its eyes set on a vastly bigger market. Russia.
... and not only that, but it was here where we found what may be the most fascinating detail of today's article, namely Gold Holding's (aka Dubai's) hint that Russian gold no longer has to be denominated in US Dollars for transaction purposes. Instead, it can be denominated in Yuan.... as can Venezuela, Brazil, Argentina and Africa gold transactions, in the process bypassing the SWIFT payment system entirely, and all official traces and records that a gold transaction ever took place!
Now this is simply stunning because over the past several years one of the biggest questions has been how did China smuggle thousands of tons of gold from around the world without the world, at least officially, noticing.
Well, recall how this entire story first developed: it was all thanks to Dubai acting as a middleman in smuggling billions of dollars worth of gold from Turkey to Iran, without anyone noticing for years. Could it be that maybe this tiny yet ultra rich Emirate has also been instrumental in facilitating the transfer of tens of billions of dollars from the west (mostly the UK and Switzerland) but also every other gold producer, and into China?
Because if so, it would promptly answer virtually every unanswered question about the global shadow, and very much undocumented, physical gold wave: one which takes the gold vaulted in the west, and moves it all the way as far east as Beijing... and all with Dubai's blessings?
(62 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
Sorry you find it hard to believe but it's pretty true.
Full name: "HRH Sheikh Mohammed bin Rashid al Maktoum". His father Rashid was the founder of the Dubai Emirate. His uncle Sheikh Saeed owns/runs Emirates Airline (with an English CEO).
He has a passion for horses, was the world Endurance Champion for a number of years, owns/runs the Goldolphin racing/riding stables in Dubai and has dedicated his life to the betterment of Dubai. Most of what people see in Dubai: it's world-class architecture and Westernised life style and social tolerance is down to him. He's sort-of the Vlad Putin of the UAE with a high opinion poll rating.
It would be wrong to equate him with virtually all other rulers in the Gulf, especially Saudi.
Excellent journalism on a very worthwhile subject: gold!
Just watch your backs and don't buy any nailguns.
Gold is a very touchy subject to those who lie, steal and murder.
Goxxed, is there any missing gold tonnage mentioned?
Rule #1: You must be able to hold it in your hand and keep it in your hand.
Part B being the dicey part.
In that part of the world, it's not unheard of to have your hands cut off.
That would rule out ever holding Bitcoin.
It's only a paper moon.
the game ends when China can't get the West's gold.
Something is wrong in China. Those burrocrats are as crooked as a country mile, they are each there for themself, not the greater glory of China. I would bet they don't have the bullion but tribal members pulling their strings from behind curtains have it.
I guess the Reptilians want it up front...
To hold a lot of Gold implies that at one point in time, you have to show your cards.. ( gonna be real interesting on that day )
The Jews want it to build their temple.
God's work.
No problem; the COMEX & LBMA will be more than happy to print up as much "Paper Gold" as needed to keep everyone happy.
Nostradamus c8, q28
The copies of gold and silver inflated
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated
All scrips and bonds will be wiped out.
Is there anything dumber than smuggling gold? I mean, that shit's heavy.
Oh wait. Safeway makes its bones driving carbonated water and fructose around. So I guess it makes sense.
Here is my 1200 lbs of gold. Will you hold it for me? You know, take care of it until I can get my head out of my ass and come get it to hold it myself? I can trust you can't I?
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
-----
All these gold storage corporations that brag about how "big" and "secure" they are conveniently fail to have 24/7 video cameras in the vaults pumping real-time images of the vault and its contents onto the internet.
Interesting that, huh?
See why?
-----
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
NEVER LET ANYONE HOLD YOUR PRECIOUS METALS.
-----
This is where new physical gold and silver come from. They steal the gold and silver you purchased previously from the vault, then sell it back to you as new supply, which you tend deposit in the vaults, which they steal and sell back to you again, and again, and again, and again.
You must assume EVERY precious metals storage corporation on planet earth is now corrupted. Why? Because the predators-that-be in the USSA and UK will force them to be corrupt under penalty of death... in order to keep the physical gold/silver circle jerk going, and keep their fiat, fake, fraud, fiction, fantasy, fractional-reserve debt-note-bit scam running as long as possible (probably about 24 months).
You seem honest. I would trust you to store my gold if I owned any.
Many PM investment fund prospectuses, which almost nobody reads, clearly state that they use outside vendors for things like transfer, storage and management of physical PM's held in the fund and are not responsible for them when the SHTF. Oops they were in route to storage and were stolen. We're not responsible. Feel free to sue our transfer agent GOLD AE.
I encourage anyone that has these type of funds to read the prospectuses or pay someone to do it and know that what Ann says is true for investments in PM's too. The greedy psychopaths are setting everyone up to steal everything.
Simply if you don't hold it you don't own it or won't own it.
Read the prospectus?
Screw that...demand delivery tomorrow!
I had to log on just to upvote you. you're a smart girl ann.
I quite agree, but I have a small problem; I live in a country with a history of right-wing juntas, and to quote the lovely Tea Party lady - you can see ISIS from my front porch.
Do I really want to hold it in my hand? Would love some advice from the more paranoid hedgers, as I am not paranoid enough (I think). Currently using Bullionvault, for want of anything better. Am extremely uncomfortable with it, but can't think of anything better.
But if they keep selling the same gold over and over again that means they don't have enough gold in the vault to redeem to their depositors. Something seems to be amiss, perhaps it is unwise to place confidence in bullion storage facilities. I recently saw a beachfront home under construction on a tropical island. A couple of its rooms had a double panel of 3/4 inch rebar tied in a 6 inch grid pattern awaiting poured concrete. The owner must be expecting hurricanes.
Wonder where Doug Casey is on all this?
Reading ZH to catch up.
Hahaha. Good one. But I do recall his book "Going Global 2015" did list a few corporations to store your gold. Simon Black did too.
When the SHTF big time, I don't trust any corporation, not even in Singapore where the track record has been great up to now. Look what happened with Switzerland... and they weren't even in a SHTF situation.
Frankly, a great business now would be to invent/design/develop some new technology storage systems for sales to private individuals. Current products are old designs from centuries ago. New products should first and foremost not look like a safe or vault or anything valuables should be stored. Second, they should be essentially impossible to move. Third, they should not be secured by any kinds of locks that I've seen... they are all too flimsy. Fourth, when anyone unauthorized tries to open them, the device should kill them, render them unconscious, render them "secured" (like tied-up or something better), inject tracking devices into their bodies, spray indelible ink all over them, or something even better.
I mean, this is all off the top of my head, so I know someone who is serious and creative about this idea could do a bang-up job. When I had a lot of precious metals, I looked around and could never find anything that seemed reliable to me. Which is why I just buried mine in deep holes at four nondescript locations in the middle of nowhere, and kept the GPS coordinates in a format that nobody would ever realize were longitude and latitude.
Yeah, this would be a cool new biz to create... replacements for safes and vaults.
Ok, so where is it?
That is the golden question.
This is probably how Sunni Muslim Barrack Hussein Obama transferred the United States of America's gold reserves to the People's Republic of China. Not only is the United States bankrupt but thanks to Obama the gold in Fort Knox, that was at least theoretically backing the US dollar, is now in the possession of China.
US dollar is not backed by gold since 1971. People hold US dollars because they can buy US industrial goods and also oil and commodities. US leaders who are traitors have been systematically removing this advantages of using US dollars, with sanctions and wars to force others to think of alternatives. So sad. As everyone should know the final end story.
I will give you My story. Which you can call a theory too.
The Dubai is just a convenient bogus country just like, Taiwan, Singapore, Hongkong, Belarus, among several others. They were created and are controlled by a very smart group of managers whose methods and history started with East India company. They are holders of th assets that finance the whole world.
They have been moving their assets to China for a long time. Surely with a hideous plan. But I am also sure that they are not stupid to actually transfer the gold into China, but only the paper receipts to China banks to initiate trading backed by the receipts.
Through China, Russia's natural resources will be extracted and traded.
China itself has been pushed into debt even if China Government holds trillions in foreign reserves. Any action by China Government to use the trillions will be met with crashing of the Chinese industries in debt.
So, our wealth managers have again created a slave country just like USA. Only this time, there is no bogus 2 party system, or even democratic principles, or labor rights. And using this example, all human rights will be taken away from the people of USA too. I mean has already been taken away.
This is my story of Dubai gold. It has nothing to do with Dubai. The sheiks are simple jokers. Who is at fault? Who did what is not important. Where is the gold is important.. The article sums it up nicely.
You can't achieve anything until you've lost everything........"Happy LMSOS Year!!!!"
Oh by the way, the articles explains why Indians keep their gold on their body all the time. On their neck, hands, fingers, ears and even on their nose.
Smart people.
And unlike China they refused all the western "investments" too.
I heard them say, "keep your money. We can print papers too"
The Chinese have always been gold bugs, even before any common folk knew what it was.
They paid chanute's AVG Flying tigers in gold and it wasnt worth shit to anyone back then except that they could cash it in for usd's.
Management of Gold AE - running smuggling rings through Turkey, Iran and the far East. Are they dreaming? That's far beyond their pay grade ... they're delusional. I hope they are sleeping with one eye open.
Coincidence/related?
Press release dec 15, 2015
MUBADALA- UAE sovereign wealth fund- Based in Dubai
http://www.mubadala.com/en/news/mubadala-development-company-china-development-bank-capital-cdbc-and-chinas-state
Mubadala Development Company, China Development Bank Capital (CDBC), and China’s State Administration of Foreign Exchange (SAFE) establish UAE-China Joint Investment Fund -
today confirmed the launch of a $10 billion global investment fund. -
The fund will have the flexibility to look at a range of alternative investment strategies, asset classes and special opportunities, including greenfield investment projects -
also:
MUBADALA- UAE SOVEREIGN WEALTH FUND.......
BUYS A GOLD MINE IN COLOMBIA, ITS FIRST GOLD MINE....
http://www.mubadala.com/en/what-we-do/metals-mining/minesa
Minesa website went live on 12/17/15
The puppet schlonging the puppet master...
There's a message to be had from this devious tale
Dubia banker? Hello? What was your Address again?
Not convinced that this is a very big story yet...so we shall see...couple of million missing....some money being transported to Iran (in order to bypass stupid unilateral sanctions by US), thousands of clients losing or having assets frozen, which could all be repaid back in due course of time (just like Enron, Lehman, Madoff, Cyprus bank, Portugal's Espirito Santo......) but is certainly not as big.....we do not know the size of the whole thing yet.......and transporting money though non banking system is not exactly a crime, barter trade has been going on for centuries....so I need to see more real facts before making a final judgement.
H
E
L
L
O
Inshallah effendi.
well well well
yes u must be right. Its only barter. We Americans are by far the worst. All that gold will turn up and returned to their rightful owners.
If it isn't, I'm sure HRH Sh. al Nahyan will back up this once in a life type thing. And oh, of course the Dubai Justice system
will tie up any loose ends....right? Do see more real facts and get back to us right mate? HA HA HA HA HA HA HA HA HA HA HA
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HAHA HA HA
Anyone who invested has only themselves to blame....and as I said there is no proof of nothing yet.....only one client has spoken up .....and his damage can always be compensated.....this company was all over the map not just Dubai....so there are other ways for investors to seek justice from.
But we have not heard even one person screaming that he/she/it lost billions.
How can you make mockery of anything when there is no victim yet?
Once you find a victim, do let me know....
...we got the following curious email from a former client of the company; a client whose gold is now all gone.
Read the piece before asking me to do something stupid
Using you own words, the same can be said for Enron, Madoff etc., etc. Btw, Madoff's victims ARE SEEING RETURN OF THEIR FUNDS Tku American Justice system very much.
And he's in prison where he belongs. For quite some time i heard.
Keep us posted on the Dubai Justice system will you? HA HA HA HA HA HA HA HA HA HA HA HA HA HA
Your 'paid for' naivete really is amusing. I know full well you're on thin ice saying anything whilst you're there. Kinda proves my point yes?
.
IMO, if you have a LOT of gold, stack it right in the middle of the basement, right out in the open, and solder it all together.
With a good old fashioned anvil hanging over it by a rope with complicated pully system strung around the ceiling.
No trigger....but....no one but you knows that.
What? no Claymores?
maybe an open crate off to the side with a giant "ACME" stencil on the side?
Re:'roadshows', they look like they were thrown together quickly, lacking detail, some copy and paste areas. I found the russian one on the net pretty quickly. Dubai family was involved in Turkey for many years. This gold trading vehicle was mostly used a shell company to traffic gold west to east. Its been going on for quite a while. People who got caught in the crossfire should have known better. What recourse would you have using this system in Dubai?