Albania:Frank Wisner Fraud transactions with fake bank guarantees

 Frank Wisner is the World Gangster Nr. 1 and here Partner of al lot of Gangsters

Frank Wisner

Patton Boggs

Frank,

Yesterday, it was reported in Albania by Top Channel TV that American Chartered Bank has provided  a guarantee to support Vetro Silk Road’s acquisition of Albpetrol.http://www.top-channel.tv/english/artikull.php?id=7080

According to conversations I’ve had today and yesterday with representatives of American Chartered Bank (ACB), the institution is primarily a regional bank and it does not appear to be engaged in funding credit facilities in foreign countries.   Further, based on the bank’s tier capital, it may be a violation of federal banking regulations for the bank to provide a $100 million financial guarantee to support the acquisition of Albpetrol.  Also, the representatives I spoke with seemed to be surprised by news that the bank was entertaining a transaction in Albania.

Have you spoken with ACB to determine if the guarantee is legitimate?  Have you examined ACB’s balance sheet to determine the bank’s capability to make this commitment?  In not,  why haven’t you?  I would assume it’s part of your mandate to provide guidance to the Albanian government to assure that you bring qualified bidders to the table.  Did you do your homework?   Or is there something else going on?  If your firm hasn’t conducted appropriate due diligence on ACB (and the bidders for that matter), it would support my contention that there may be more qualified firms that could have been hired to serve as  advisor for the Albpetrol transaction.  Frankly, I don’t understand why your firm could not elicit interest in Albpetrol from a larger field of qualified and credible potential bidders.

Perhaps something’s been lost in Top Channel’s description of the ACB credit facility, but if my understanding is correct, ACB will be providing some form of guarantee that can be called by the Albanian government if Vetro Silk Road’s bid is accepted and the bidder subsequently defaults on the acquisition.  So this could potentially put ACB at risk of funding the $100 million facility.  Is this more or less correct?  If so, the link below will bring you to recent financial data on ACB (readily available on the web) that indicates ACB has total equity capital of about $200 million.   I would like you to explain how ABC is going to put itself at risk with a facility that is equal to 50% of its equity capital.  Perhaps there may be a way to structure the deal if Vetro Silk Road posted cash collateral with ACB, but this would be  highly unusual and I’m not sure that even this would pass the smell test with regulators; however, this should all be easy enough to verify.  http://www.ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_231242
FYI – I’ve brought this matter to the attention of two different federal agencies.  I suggest that you make a determination about whether the Top Channel report is true, and if so, you should know because you would have undoubtedly seen what’s been represented by Top Channel to be the ACB guarantee.  You should then determine if ACB did indeed issue some form of financial commitment, and if so, if ACB is financially capable of issuing such a commitment.  You should then provide comments on this issue in a public statement as soon as possible, and you should be able to turn this around in 24 hours.  Here’s the telephone number for ACB’s risk control group:  847-273-1638.  The FDIC Chicago field office can also address ACB’s financial capabilities and can be reached at:  312–382-6000.

Please let me know if I you need any further information.

Thank you.

Gary Kokalari

http://respublica.al/artikuj/2012/09/19/leter-e-kokalarit-per-frank-wisner-garancia-e-american-chartered-bank-per-oferten

Gangster Treffen:

Chef der Drogen Kartell Frank Wisner ist wieder in Tirana

01 OCT 12 / 09:17:44

US Firm Offers €850m For Albania Oil Reserves

Vetro Energy, a US-based consortium, is the frontrunner in a tender to buy Albania’s state-owned oil company, Albpetrol, with an offer of €850 million.

Besar Likmeta

 

BIRN

 Tirana

Albania’s Deputy Economy Minister, Sokol Dervishaj, said that Vetro Energy, which is bidding through the Vetro Silk Road Equity Ltd consortium out of Singapore, ranked first out of eight companies bidding for Albpetrol.

The US company was followed by the Chinese consortium Win Business and Bankers Petroleum of Canada. Two other companies, Ecolog and Gazprom, were excluded from the tender owing to a lack of documents.

Vetro’s bid for Albetrol is double the value placed on the state-owned oil firm’s assets by advisers to the sale. It is equivalent to 10 per cent of the country’s GDP.

If it goes through with the bid, Vetro Energy will secure all of Albpetrol’s above ground assets and exploration rights for a period of 25 years.

Before the sale, the government added the right to build a refinery and to transport gas to Albpetrol’s license.

Most of Albpetrol’s  oilfields are currently run by foreign companies under output-sharing agreements.

http://www.balkaninsight.com/en/article/albania-eyes-sale-of-its-oil-reserves-for-e85%C3%A5-million