House of Lords
Lords ChamberMeeting started on Thursday 16 February at 11.04am. Ended at 6.39pm
My Lords, I hope the minute that that has taken has not come off my time. I do not wish noble Lords toget too encouraged when I start with my conclusions but I will not sit down when I have made them. Iwill then give the evidence to support them and, I hope, present the reasons why I want support for anofficial inquiry into the mischief I shall unfold this afternoon. I have been engaged in pursuit of thisissue for nearly two years and I am no further forward in getting to the truth.There are three possible conclusions which may come from it. First, there may have been a massivepiece of money-laundering committed by a major Government who should know better. Effectively, itundermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The secondpossibility is that a major American department has an agency which has gone rogue on it because it has
been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay
-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out,but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in theUnited Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transitto the Royal Bank of Scotland. We need to look to where this came from and the history of this money. Ihave been trying to sort out the sequence by which this money has been created and where it has comefrom for a long time.It starts off apparently as the property of Yohannes Riyadi, who has some claims to be considered therichest man in the world. He would be if all the money that was owed to him was paid but I have seensome accounts of his showing that he owns $36 trillion in a bank. It is a ridiculous sum of money.However, $36 trillion would be consistent with the dynasty from which he comes and the fact that it hadbeen effectively the emperors of Indo-China in times gone by. A lot of that money has been taken awayfrom him, with his consent, by the American Treasury over the years for the specific purpose of helpingto support the dollar.Mr Riyadi has sent me a remarkable document dated February 2006 in which the American Governmenthave called him to a meeting with the Federal Reserve Bank of New York, which is neither the FederalReserve nor a bank. It is a bit like "Celebrity Big Brother". It has three names to describe it and none of them is true. This astonishing document purports to have been a meeting, which was witnessed by MrAlan Greenspan, who signed for the Federal Reserve Bank of New York of which he was chairman, aswell as chairman of the real Federal Reserve in Washington. It is signed by Mr Timothy Geithner as awitness on behalf of the International Monetary Fund. The IMF sent two witnesses, the other being MrYusuke Horiguchi. These gentlemen have signed as witnesses to the effect that this deal is a proper deal.