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Wilbur Ross - ArcelorMittal

Post by Firestarter » Thu Mar 05, 2020 4:43 pm

It would be obvious that if Donald is the first steel president in a long, long time that his February visit to India was all about steel?!?
India is the world's third-largest steelmaker, but its steel exports have fallen with 46%, according to the Peterson Institute.

US President Donald Trump accompanied by amongst other Commerce Secretary Wilbur Ross was expected to meet a group of Indian CEOs, including Sunil Bharti Mittal (Chairman of Bharti Airtel), N. Chandrasekaran (Chairman of Tata Sons and Baba Kalyani), and Lakshmi N. Mittal (Chairman of ArcelorMittal, and business partner of Wilbur Ross): https://www.businesstoday.in/current/ec ... 96781.html

Who could have guessed that Donald Trump’s handler, long-time Rothschild banker, and Donald’s Commerce Secretary Wilbur Ross was also a steel magnate, who with his (former) business partners profit from Donald’s steel tariffs (designed by Wilbur himself!)?!?

On 1 March 2017, Wilbur Ross resigned from the board of directors of the largest steel manufacturer in the world, ArcelorMittal. With factories in the USA and Brazil (also exempted from Trump’s steel tariffs) to profit from the steel tariffs.
Ross held $750,000 to $1.5 million in ArcelorMittal and, while he promised to divest his stake, he didn’t say how fast.

Wilbur Ross reported that he was on ArcelorMittal’s board since 2008, and that he earned about $107,000 in “director fees” in 2016.
According to ArcelorMittal’s SEC filing, Ross was a director since 2005 and earned $171,000 in 2016 and $180,000 in 2015.

The biggest stake in ArcelorMittal (Luxembourg-based) is held by its chairman and CEO, the Indian Lakshmi Mittal (living in the UK, where else?!).
Mittal has also been a board member of Goldman Sachs since 2008.

From 2013 to 2015, ArcelorMittal has lobbied for more than $3.5 million to get the Keystone XL pipeline approved.
ArcelorMittal has sold huge amounts of steel for the Keystone XL pipeline. Most of it sold to Welspun Tubular in Arkansas from its plant in Bremen (Germany).

In the early 2000s, Ross bought up distressed American steel firms, and merged them under the name International Steel Group (ISG).
In February 2002, ISG purchased LTV Group’s steel division. A couple of weeks later, President George W. Bush suddenly announced new tariffs on imported steel. Ross has later sort of admitted that he knew these tariffs were coming!

In late 2004, Ross sold ISG to Ispat Steel (located in the Netherlands, where else!?), that renamed itself Mittal Steel. Ross and the other investors earned about $2 billion in the deal. Ross was appointed to its board in 2005.
In 1995, Lakshmi Mittal had bought Ispat Steel for 1 GBP and then bankrupted it, so he wouldn’t have to pay its debts.

In 2006, Mittal (already the world’s largest steel company) merged with Luxembourg’s Arcelor (the second-largest steel company in the world) into ArcelorMittal – still the world’s largest steelmaker producing 10% of the world’s steel: http://archive.is/aIFeb

White House spokesperson Lindsay Walters said: “Secretary Ross is leading the administration’s approach on steel”.

In 2002, Wilbur Ross and his investing partners bought up US steel companies in financial trouble, including LTV Corp., Weirton, and Bethlehem Steel.
When Mittal bought Wilbur & Co’s ISG, Forbes listed Mittal as the third richest billionaire in the world.

Ross made a 12-fold gain on his initial investment, his profits boosted by not paying steel workers’ pensions nor cleaning up the pollution caused by the steel factories, which would cost hundreds of millions of dollars.
The bankruptcy court allowed ISG to acquire the steel assets without paying to clean up the pollution left at the sites. The US government demanded $162 million from Bethlehem Steel to clean 9 of its Superfund sites, but the bankrupted company negotiated a deal that was worth “three-tenths of a cent on the dollar”.

After ISG sold it to Mittal, Sparrows Point was in turn sold in 2008 to Russia’s largest steel company, Severstal, run by Alexei Mordashov (who has been reported as Russia’s richest man and present at the 2011 Bilderberg meeting).
In 2011, Mordashov sold Sparrows Point to the American Renco Group, whose founder and chair is none other than ultra-Zionist Ira Rennert: https://theintercept.com/2018/03/05/ste ... pollution/

I had earlier posted about Rennert here: https://www.lawfulpath.com/forum/viewto ... 488&#p5488

I had earlier posted on Rothschild business partner, Prince Charles’ “acquaintance”, ArcelorMittal CEO Lakshmi Mittal here: https://www.lawfulpath.com/forum/viewto ... 359&p=4935
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Donald in India

Post by Firestarter » Wed Mar 25, 2020 5:35 pm

India is the Trump Organization's second-largest market outside of North America.
The Trump family has been intimately involved in all facets of some Indian projects, when government regulations threatened one deal; Donald Trump Jr. intervened directly with a high-level official. These deals produced royalties of up to $11 million between 2014 and 2017.

After winning the election in 2016, Trump refused to fully separate from the Trump Organization. He placed his holdings in a trust. Trump, who donates his presidential salary to support federal agencies, can withdraw money from the trust without the public’s knowledge.

In November 2016, a week after winning the election, Trump met with 3 Indian business partners – the brothers Chordia and their partner Kalpesh Mehta - at Trump Tower in New York.
See Eric Trump, Ivanka Trump, Atul Chordia, Donald Trump, Sagar Chordia, Donald Trump Jr.

Trump’s subsidiaries for his business in India were incorporated through a third-party registration agent in Delaware — according to the Institute for Economic and Tax Policy a state that is an “onshore tax haven” and a “magnet” for anonymous shell companies. This structure makes it almost impossible to follow the flow of finances between the Trump Organization and its Indian partners.

Trump’s first major partner in India was Harresh Mehta (“Harresh bhai” or “Brother Harresh”), founder of Rohan, who has close connections to the most powerful elected officials in the state. Their partnership was arranged through Kalpesh Mehta (no relation to Harresh), then a graduate of the Wharton School, where Trump, Donald Jr., and Ivanka all received their undergraduate degrees.

After working for the Carlyle Group in New York, Kalpesh became a vice president in Lehman’s real estate private equity division in India.
In 2008, Mehta acquired the rights to one of Mumbai’s largest slum-redevelopment projects, in Golibar. The project was financed with $175 million from Lehman Brothers, arranged by Kalpesh, just before it went under.
In 2010, Kalpesh was hired by Brother Harresh, as director of Rohan Developers Private Limited and at least 3 other companies owned by the Mehta family.

The problem was that the 125-acre Golibar plot was home to 26,000 families.
So representatives of Rohan made threats to chase these poor families away.
The Panvalkars refused to leave, but then his family’s second-floor apartment was set on fire; according to Panvalkar: “Mehta wanted the building to be burned so we would be forced to vacate”.

Through illegal permits, Rohan could begin work on one-half of the plot.
After their permits were refused, Donald Jr., Harresh Mehta, and Kalpesh Mehta met with Prithviraj Chavan to lobby for the Trump Tower project, but Chavan refused to grant them a “special concession” to approve something “blatantly illegal”.

In January 2018, Mehta launched another Trump project in India, in Gurgaon, in partnership with Basant Bansal.
The Bansal family were accused of tax evasion in 2008 and in 2011, after a lavish $20 million wedding party Basant Bansal held for his daughter on a Turkish island, evidence was found that the Bansals were hiding some $70 million. The Trumps obviously didn’t mind.
Since 2014, following Modi’s election, the Bansals were part of Modi’s official business trips to Russia and Japan.

In April 2012, Donald Jr. travelled to Pune for another brand-licensing deal, for twin residential Trump Towers, with Panchshil Realty of the brothers Atul and Sagar Chordia. The Chordia brothers are closely tied to Sharad Pawar, a powerful politician in India, president of the Nationalist Congress Party (his daughter, Supriya Sule, owns stake in Panchshil).

In September 2013, another Trump project in India was launched with one of India’s wealthiest men, Mangal Prabhat Lodha, founder of the Lodha Group.
In 2015, the Lodha Group had nearly 80 subsidiaries and associates in India and offshore holdings in Jersey, Mauritius, the Netherlands, and the United Kingdom. In February 2018, the investigation into money-laundering was closed, because they “did not find anything suspicious”.

According to Rep. Gerry Connolly:
What you’re looking at — especially in India where he has extensive holdings — is more than problematic. It raises very serious conflicts of interest questions. The fact that his two sons run the day-to-day operations of the business that hardly separates it from him politically or financially.

Trump-branded projects in Azerbaijan, Georgia, and Panama have also shown that Trump partnered with businesses with ties to criminal activity: http://archive.is/0f0WQ
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