The Financial Times ( FT ) on Wednesday published a report co-authored with a research group called C4ADS about a complex global network that is moving huge amounts of oil from Russia, Iran, and Venezuela to China in defiance of sanctions.
The scheme reportedly involved an Iranian accountant working for a Panamanian commodity broker called Ocean Glory Giant, setting up “naval mortgages,” which essentially put ships up as collateral for loans to buy oil. The arrangement allegedly grew to include over 30 ships worth nearly a billion dollars.
The fishy part of the deal was the oil, which ostensibly came from Iraq, Malaysia, and other legal points…
Read the full article at BREITBART.COM
