(June 26, 2002) The Swiss government, in its first official comments, shrugged off Wednesday a multi-billion-dollar lawsuit against two Swiss banks accused of propping up South Africa’s apartheid regime.
Official defends government’s bid to resume ties with IMF
(June 25, 2002) The Director-General of the National Centre for Economic Management and Administration (NCEMA), Prof. Mike Obadan, yesterday stated that government’s action to resume ties with the IMF was in the public interest.
IMF and Nigeria locked in war of words
(June 25, 2002) The International Monetary Fund’s strained relationship with Nigeria has taken a bizarre turn after an apparent disagreement over a speech made in Washington last week by Olusegun Obasanjo, the country’s president.
German banks face apartheid action
(June 23, 2002) German banks Dresdner and Deutsche are next in line to be sued for billions of dollars for allegedly supporting an apartheid regime, lawyers have said.
Ambassador to Switzerland cool on class action suit
(June 23, 2002) South Africa’s ambassador to Switzerland on Sunday distanced her government from a class action lawsuit seeking to win compensation from Swiss banks for those who suffered during apartheid.
Apartheid lawsuit spurs “odious debts” battle
(June 22, 2002) "I think the banks will learn from the case, whether it is successful or not, that they must take responsibility for the way their money is used," said Probe International’s Patricia Adams.
Ex-insider settles some old scores: A Review of Globalization and its Discontents by J. E. Stiglitz
(June 22, 2002) The searing criticisms of IMF policies and programs are mostly on target and come from none other than Joseph Stiglitz, the former Chief Economist of the World Bank.
The Doctrine of Odious Debts: Using the Law to Cancel Illegitimate Debts
(June 21, 2002) Patricia Adams’ speech from her 12-city speaking tour of Germany in June 2002, at the invitation of the German Jubilee Network.
Apartheid victims claim could grow
(June 20, 2002) Four South Africans are seeking US $50 billion in reparations from United States and Swiss banks and companies who they allege profited from doing business with the apartheid government.
Apartheid victims sue Citigroup, others
(June 19, 2002) Four apartheid victims filed suit on Wednesday against Citigroup Inc., UBS AG and Credit Suisse, alleging the banking companies helped finance the violent South African apartheid regime and made billions in loans to further its crimes against humanity.
Hearing resumes in Bamaiyi’s bribery allegation against judge
(June 18, 2002) The panel of inquiry set up by the National Judicial Council (NJC) to investigate the allegation of bribery and corruption against Justice Augustine Ade-Alabi, will resume sitting four months after it commenced hearing on the matter.
Swiss and U.S. banks face huge apartheid lawsuits
(June 18, 2002) A U.S. lawyer who helped force Swiss banks into a $1.25-billion (U.S.) settlement for Nazi victims said yesterday he would file suit against top Swiss and U.S. banks for propping up South Africa’s former apartheid regime.
Banks sued for $50bn in SA class action
(June 18, 2002) A group of apartheid’s victims are suing three banks which breached the international sanctions against white South Africa for $50bn damages.
Presidency to Senate: no Abacha money is missing
(June 17, 2002) The presidency has denied that N11.7 billion of the total amount recovered from friends and family of late head of state, General Sani Abacha, was not paid into the looted fund account and is therefore missing.
US lawyer to tackle apartheid profiteering
(June 17, 2002) US attorney Ed Fagan said on Sunday he planned to initiate a class action lawsuit in the US against Switzerland’s two biggest banks and a US bank on behalf of victims of South Africa’s former apartheid regime.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
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