Iraq – The Cynical Swindle Nov-201818 Sep 2021 11:19
Well . well , well.. NZ in the thick of it....
Snipit!
In 2013, Gulf Keystone Petroleum (GKP)70 argued with one of its investors M&G and murky details were revealed in the UK press. Its AGM was held in Bermuda.71
GKP often made the news in Kurdistan owing to the fact that a Tory MP of Kurdish origin, the new-made millionaire, Nadhim Zahawi, had been receiving substantial amounts of money every month as well as bonuses. Over a two-year period, GKP paid Zahawi a £2.5 million package, as listed in parliamentary declarations. He also acquired £25 million in property.72
Hareth Zahawi and his son Nadhim Zahawi
Hareth Zahawi (L) and his son Nadhim Zahawi, UK Conservative Party MP for Stratford-on-Avon and ex-director of Gulf Keystone Petroleum operating in Iraqi Kurdistan. Photo: Ekurd/IPBD/ Courtesy FE Week AAC Flickr
In January 2016 when GKP was owed $500 million by the KRG, Nadhim Zahawi and Mark Denning called in chapter 11 to restructure the company, which was advantageous to them. Zahawi had been appointed to Gulf Keystone Petroleum, via Mark Denning, the Portfolio Manager of Capital, who answers to Philip May73, during David Cameron’s reign as Prime Minister. But the chapter 11 was dealt with during the appointment of Philip May’s wife, Theresa, as British Prime Minister following the Brexit referendum, still a fiasco.
https://ekurd.net/iraq-tcynical-swindle-2018-11-24#sdfootnote100anc