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EUROPE: Spain Sets Up 'Bad Bank' to Buy Toxic Real Estate
Giles Tremlett
August 31st, 2012

Spain will inject emergency capital into the country's biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money.


War & Disaster Profiteering Press

EU, el verdadero perdedor en la guerra contra el terrorismo
Marcelo Raimon
May 4th, 2012

El Proceso quotes Anna Feigenbaum and Pratap Chatterjee of CorpWatch on how the private security industry has cashed in on the War on Terror.

War & Disaster Profiteering

U.S. Congressional Wartime Commission Targets Armed Contractors
Pratap Chatterjee
June 23rd, 2010

This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear.

Aegis security contractor in Tikrit, Iraq, March 21, 2010 Credit: Michael Heckman, U.S. Department of Defence
War & Disaster Profiteering

Afghanistan, Inc.: A CorpWatch Investigative Report (2006)
Fariba Nawa
April 30th, 2010

The recent boom in humanitarian aid has an underbelly largely invisible to charity sector outsiders. “Easy money: the great aid scam," packs a biting critique (Linda Polman, The Sunday Times Online, April 25).

In 2006, CorpWatch’s "Afghanistan, Inc.", cited by Polman, drilled down on reconstruction dollars, in what’s become known as “Afghaniscam.” We bring our report to you again.


War & Disaster Profiteering

Afghanistan Spy Contract Goes Sour for Pentagon
Pratap Chatterjee
March 16th, 2010

Mike Furlong, a top Pentagon official, is alleged to have hired a company called International Media Ventures to supply information for drone strikes and assassinations in Afghanistan and Pakistan, according to a complaint filed by the CIA and revealed by the New York Times on March 15.

Michael D. "Mike" Furlong. Photo from the official web site of the U.S. Air Force.
War & Disaster Profiteering

AFGHANISTAN/US: Contractors Tied to Effort to Track and Kill Militants
DEXTER FILKINS and MARK MAZZETTI
March 15th, 2010

Under the cover of a benign government information-gathering program, a Defense Department official set up a network of private contractors in Afghanistan and Pakistan to help track and kill suspected militants, according to military officials and businessmen in Afghanistan and the United States. The official, Michael D. Furlong, hired contractors from private security companies that employed former C.I.A. and Special Forces operatives.

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DynCorp Oversight in Afghanistan Faulted
Pratap Chatterjee
February 26th, 2010

Afghan police are widely considered corrupt and unable to shoot straight; they die at twice the rate of Afghan soldiers and NATO troops despite $7 billion spent on training and salaries in the last eight years. A new high-level report says that the State Department's contract with DynCorp is at fault.

DynCorp mentor watches Afghan National Police practice riot control tactics at the Kabul Central Training Center. Photo by Ronald Nobu Sakamoto
Construction

Asia Inhales While the West Bans the Deadly Carcinogen
Melody Kemp
February 16th, 2010

Asbestos, a known carcinogen, causes 100,000 occupational deaths per year. Although banned in much of the world, asbestos is a common and dangerous building block in much of Asia’s development boom, and its export remains both legal and profitable -- to the health detriment of the region.

Seoul University’s Dr Domyung Paek addresses the ANROAV meeting Phnom Penh 2009.
War & Disaster Profiteering

Agility Attempts to Vault Fraud Charges
Pratap Chatterjee
February 1st, 2010

Agility, a Kuwait-based multi-billion dollar logistics company spawned by the U.S. invasion of Iraq, is facing criminal charges for over-billing the U.S. taxpayer on more than $8.5 billion worth of food supply contracts in the Iraq war zone. If the lawsuit is successful, the company could owe the U.S. government as much as $1 billion.

Photo by Pratap Chatterjee