Brother Raul And His Bankers

(Excerpted from Chapter 16: The Mexican Fast Track: Big Oil & Their Bankers…)

After a lengthy investigation it was found that Ruiz’ death was ordered by Raul Salinas- brother of President Carlos Salinas.

Raul was laundering drug money through Texas Commerce Bank, where he had over $20 million on deposit.  Texas Commerce had branches all along the US/Mexico border.  Major stockholders included James Baker and Robert Mosbacher.  Jeb Bush worked at the bank. Board members included Mosbacher and Warren Commission goon/President Gerald Ford.

In 1993 Chemical Bank bought Texas Commerce. Dick Cheney joined Exxon’s Lawrence Rawl, Mobil’s Hartwell Gardner, Conoco’s Constantine Nicandros and Amerada Hess’ John Hess on Chemical Bank’s board.  Cheney also joined the board at Morgan Stanley, which made a bundle on the Mexican debt scam.  There he joined Mobil Chair Allen Murray, who also sat on the board at Chase Manhattan.  In 1993 Chemical Bank boasted $150 billion in assets. Then it was swallowed up by Chase Manhattan.  The old Texas Commerce signs lining the Mexican border now read simply, “Chase”.

According to a November 1, 1996 article in the Wall Street Journal, Citibank was also laundering some of Raul’s drug proceeds.  Vice-President Amy Elliot received over $80 million in Citibank deposits from Salinas.  Elliot worked in Citibank’s private banking department, which specializes in helping the global elite set up offshore corporations and other instruments to avoid paying taxes. [684]  Elliot testified during a House of Representatives inquiry that the bank hadn’t followed a “prudent path” in checking out the source of Salinas’ loot.  Citibank retained former Clinton Whitewater counsel Robert Fiske. Neither Elliot nor Citibank were charged.

Swiss investigators found that Raul Salinas had over $100 million in that country’s banks which they believed were drug profits.  They found thirteen accounts worth $123 million in Geneva, Bern, London, New York, Houston and Hamburg. [685]  French authorities questioned Enrique Salinas, brother of Raul and Carlos, for stashing another $120 million in drug proceeds in French banks.  As the Salinas investigation widened bankers ran for cover.

Aptly-named fugitive banker Carlos Cabal, who financed the political career of PRI Tabasco State Governor and Big Oil friend Roberto Madrazo, controlled Banco Union and Banca Cremi. He was chairman of Fresh Del Monte Produce. [686]  In 1994 drug trafficker Rogoberto Gaxiola testified that he moved millions through international banks, including Chase Manhattan.  In October 1996 a series of drug money deposits were routed from Banca Serfin, Mexico’s third largest bank, through Cabal’s Banco Union to Chase Manhattan in New York.  Chase forwarded the cash to Mercury Bank & Trust in the Cayman Islands, a subsidiary of Mexico’s largest bank Bancomer, itself a subsidiary of JP Morgan Chase. [687]  Mexico’s second largest bank Banamex is owned by HSBC.

In 1997 Mexican Drug Czar General Jose Gutierrez was indicted for aiding the Gulf Cartel, run by Monterrey business tycoon Amado Carrillo.  A month earlier Gutierrez’ US counterpart in the war on drugs, General Barry McCafferty, who earlier headed the US Southern Command in drug-ridden Panama, was in Mexico saluting Gutierrez for his attack on the Mexican drug trade.  DEA gave Gutierrez full access to its database despite the fact that files detailed his involvement with drug traffickers and cover-ups. [688]

CIA had access to those same files and also gave the general a clean bill of health.  The day he was indicted, an arrest warrant for Amado Carrillo was mysteriously lifted.  The US certified Mexico as a drug war partner and one day later Carrillo’s bagman- Monterrey business tycoon Humberto Garcia- disappeared from Mexico’s National Anti-Drug Institute where he was being held. [689]  Garcia’s brother Juan ended up in a Houston jail on drug trafficking charges.  Carrillo mysteriously died in 1997 after undergoing plastic surgery.  But the Mexican media would not let the scandal die.

Proceso did an investigation of the Garcia brothers and found extensive business ties to the Salinas family going back decades.  The magazine implicated the entire Salinas family in the Mexican drug trade, revealing their long-standing ties to Columbia’s drug cartels.  Mexican authorities were forced to issue a narcotics warrant for Mexican telecommunications billionaire Carlos Peralta, whose Grupo Insacell conglomerate is one of Mexico’s largest.  Peralta had close ties to the Salinas family, once loaning Raul $50 million without even asking for a receipt.  In November 2002 the highest Mexican military court- the Council of War- convicted two high-ranking generals of working with the Amado Carrillo syndicate.  General Francisco Quiros and Brigadier General Arturo Acosta were accused of using military aircraft to transport cocaine. [690]

US authorities were now forced to move. They seized $9 million from a Texas Commerce account held by Mexico’s top drug prosecutor and PRI insider Mario Ruiz Massieu.  Ruiz had spearheaded the cover up of the involvement of fellow Texas Commerce Bank client Raul Salinas in ordering his brother Jose’s death.  Just before US authorities seized his money, Ruiz had received $1 million and five luxury cars as hush money from Gulf Cartel boss Amado Carrillo.  Someone in the US government had to have tipped Carrillo off that Ruiz was about to go down.  Initially, a US magistrate refused to extradite Ruiz, who was hiding in the US. [691]  When he finally appeared in a Mexican courtroom the cartel hush money had no effect. Apparently repentant over his brother’s death, Ruiz sang.  His testimony led to the arrest of Raul Salinas and the eviction of Carlos Salinas from Mexico in 1997.

At memorial services for seventeen campesinos massacred by Guerrero State Police in Coyuca de Benitez, the Ejercito Popular Revolucionario (EPR), another group of armed leftists in Guerrero state; accused the Mexican government, military and oligarchy of running the Mexican drug trade.  The EPR also stated that the recent replacement of civil police by federal troops on the streets of Mexico City is a prelude to martial law in the country. [692]

Prior to the Mexican Presidential Elections of June 2006, PRD Candidate and Mexico City Mayor Andres Manuel Lopez Obrador led all polls.  But the Barranca del Muerte dungeon worked its magic. After a three day delay PRI Candidate Felipe Calderon was declared the winner.  Leftist protests sparked up across Mexico as Obrador refused to accept the results.  With EPR and Zapatista guerrillas prepared to die to protect the oil and natural gas that is their birthright from the onrushing Four Horsemen, the Guerrero revolutionaries appeared to have it right on both accounts.

Dean Henderson is the author of five books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve, Stickin’ it to the Matrix & The Federal Reserve Cartel.  You can subscribe free to his weekly Left Hook column @www.hendersonlefthook.wordpress.com

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One response to “Brother Raul And His Bankers

  1. Reblogged this on The 99% Blog and commented:
    Proof is contained herein that money laundering operations on America’s southern border can be traced to the very apex of US banking and government operations….

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