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To: Casey who wrote (40532)	9/21/1999 11:12:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116764

Russia denies money laundering charges Updated 12:24 PM ET September 20, 1999 MOSCOW, Sept. 20 (UPI) On the eve of U.S. congressional hearings on allegations of money laundering by Russians of billions of dollars through U.S. banks, Russian Prime Minister Vladimir Putin insisted there is no evidence to back up charges of Russian involvement in the laundering operation. "Media reports of Russian money laundering have not been confirmed," Putin told reporters today after briefing President Boris Yeltsin on the continuing international investigation. Putin said a team of senior Russian experts, dispatched to the United States last week to cooperate with the U.S. investigators leading the laundering probe, had not been handed any conclusive evidence proving Russian involvement in money laundering activities. U.S. and European newspapers have reported allegations that between $4.5 billion and $15 billion, including money diverted from International Monetary Fund loans to Russia, had been laundered through the Bank of New York and other financial institutions. Russia and the IMF have repeatedly denied IMF loans were misused or diverted, and some Russian officials and businessmen say the funds involved in the Bank of New York transfers may have originated from import-export operations by Russian and foreign businesses seeking to conceal the true value of goods for tax purposes. However, Viktor Ivanov, the deputy chief of Russia's Federal Security Service (FSB), told Interfax news agency today that U.S. investigators had shown the visiting Russian team documents linking Russian companies and banks with the Bank of New York account. Ivanov said Russia has offered to coordinate with U.S. law enforcement agencies in the investigation, adding that an FBI team taking part in the probe will visit Moscow. Ivanov confirmed Putin's statement that no proof of links between the money laundering and IMF loans or senior Russian officials had been discovered, but said Russian companies may have been involved in a laundering operation. In Washington, the House of Representatives' Banking Committee is to open hearings on Tuesday regarding the money laundering allegations, inviting top officials from the Clinton administration, such as Treasury Secretary Larry Summers, and Russian legislators and other officials as witnesses in what could become the most significant money laundering probe ever. news.excite.com Summers is giving his prepared text currently, grilling(over a high heat) about IMF to follow on CSPAN 1.

To: Casey who wrote (40532)	9/21/1999 12:08:00 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116764

anyone who didn't see a sea change in the US$, especially with Y2K coming on and the intense need to shift the focus away from the most computer dependent nation on the planet's impending woes, and focus shifted overseas and onto Japan is either blind or ignorant. The Dollar is headed for the crapper, big time, and gold is a mere 100 days from a startling move back toward sanity as we go into a two tier money system in this nation in a big way: Tier 1: those with gold Tier 2: those with paper. Bring on those Yen...they will burn just as well as the dollar in the old woodstove. And don't forget the BP is inexorably headed for $1.42 just prior to 2002, altho' it will make it LONG before then. Today's the big gold dump ala BOE isn't it???? And the price rallied again...ain't it strange how the Brits are longing for the Euro/BP exchange to trash their currency!!! And folks think they'll just wait for Y2K to see "wierd" up close and personal???? O/49r oregontrail.net

To: Casey who wrote (40532)	9/22/1999 9:24:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 116764

<<1) Most Japanese cars sold in North America are manufactured in North America, thereby reducing substantially the cost of a rising Yen. >> Not all Japanese cars are manufactured in the US. Nor are the umpteen different parts they use in the assembly line. From the WSJ article on latest trade deficit: <<Imports of cars, consumer goods and capital goods all increased to new highs. Unsurprisingly, the U.S. deficits with Japan, China and Western Europe -- all purveyors of those goods -- rose as well.>>