Germany – Laundering money for India so that India can purchase Iran’s oil

Obama sits on the security council in the UN, so he could stop this.

This UNCONSTITUTIONAL post that he holds should quickly end his presidency.  This is impeachable.  How can he sit there and not do anything about this type of FINANCIAL game playing?  Very easy.  HE DOESN’T operate for the US and as a result, he will also not say anything about this AS The PRESIDENT of the US.  He has other allegiances.

The mainstream media is VOID on this.

They have completely ignored this huge story and they will bury as quickly as they can.

This should be something to shed light on, but they are too afraid, because that would expose the fact that OBAMA sitting on the UN security council IS A VIOLATION of the CONSTITUTION — THE NOBILITY clause — Article 1 section 9

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince or foreign State.

  • Posted: Mon, Mar 28 2011. 5:01 PM IST

Govt to pay Iran for oil using Germany: report

Under pressure from the United States to break direct commercial links with the Islamic republic, India intends to place money for its Iranian oil imports in an account with the Bundesbank, the Handelsblatt business daily reported

Berlin: India is set to pay Iran for billions of dollars worth of oil imports by channeling funds to Tehran via the German central bank, a German newspaper report said Monday.

Die Bundesbank bereitet sich auf die Errichtung einer 'Bad Bank' vor

Under pressure from the United States to break direct commercial links with the Islamic republic, India intends to place money for its Iranian oil imports in an account with the Bundesbank, the Handelsblatt business daily reported.

The Bundesbank would then transfer the money to the European-Iranian Trade Bank AG (EIH), based in the northern German city of Hamburg, the paper said, quoting financial and political sources.

“We are in talks with the Bundesbank,” the paper cited Neeta Bhushan from the Indian finance ministry as saying.

The arrangement has been given the green light by two ministries in the German government, Handelsblatt said.

<Obama is head of the UN security council – HE COULD STOP THIS!  But his ally is the BANKERS in this and not America and American interests. >

Two of the EIH’s main shareholders, Bank Mellat and Bank Refah are subject to European Union sanctions approved last year in addition to UN restrictions, the paper said.

Contacted by AFP, the Bundesbank declined to comment while a spokeswoman for the economy ministry told a regular government briefing that the EIH, also known as the EIHB, was not itself subject to EU or UN sanctions.

“The inclusion of a bank on the (sanctions) list is not something decided by the (German) government but the European Union council,” spokeswoman Sarah Schneid said.

“What counts is involvement of a bank in financing Iran’s nuclear and missile programme … The government investigates closely any indications (of such involvement).”

Chancellor Angela Merkel’s spokesman Steffen Seibert stressed that the bank was under “strict” supervision, with all transfers over €10,000 ($14,000) needing to be reported and all those above €40,000 requiring approval.

Germany has long been under fire for its close business ties with Iran, with the country’s exports there totalling €3.8 billion in 2010, according to official figures.

Berlin’s abstention this month over a UN Security Council resolution — it holds a non-permanent seat — authorising military action in Libya has also angered Germany’s partners and put Merkel under

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