Inner City Press

Inner City Press -- Investigative Reporting From the United Nations to Wall Street to the Inner City

These reports are usually available through Google News and on Lexis-Nexis

  Search Search WWW (censored?)

In Other Media-eg AJE, FP, Georgia, NYT Azerbaijan, CSM Click here to contact us     .


Follow us on TWITTER

Home -

These reports are usually available through Google News and on Lexis-Nexis



ICP on YouTube

UN: Sri Lanka


Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

Support this work by buying this book

Click on cover for secure site orders

also includes "Toxic Credit in the Global Inner City"




Bank Beat

Freedom of Information

How to Contact Us

Citigroup Urges Secrecy for Its Defrauding of Gulf Rich, Like Subprime Poor

By Matthew Russell Lee

WALL STREET / DC, September 11 -- Citigroup since its formation by Citibank and Travelers has ripped off consumers with high cost subprime loans, and laundered money for dictators and terrorists, as covered by Inner City Press earlier today on this eleventh 9/11 anniversary.

  But Citigroup also corrupts the legal system with the secrecy surrounding its mandatory arbitration agreements, invoked even against big investors like the Abu Dhabi Investment Authority or ADIA.

  Back in December 2009, Inner City Press noted that "an arbitration claim by the Abu Dhabi Investment Authority against Citigroup, seeking to rescind an agreement to invest a total of $7.5 billion in the U.S. lender or damages of over $4 billion has been filed, alleging that there were 'fraudulent misrepresentations' in the investment agreement. Sort of like CitiFinancial's 'fraudulent misrepresentations' to its lower income borrowers."

  Little did we known that nearly three years later, Citigroup would still be withholding documents about this dispute as confidential.

  No wonder: implicated is former Treasury Secretary Robert Rubin, who made the promises that Citi didn't keep, as well as Sandy Weill who made more money off the deal.

  Judge George B. Daniels of the U.S. District Court for the Southern District has before him Press requests to unseal the records in the public interest. But Citigroup says it must all be secret. Does Citigroup still dominate Washington? Watch this site.

Share |

* * *

These reports are usually also available through Google News and on Lexis-Nexis.

Click here for Sept 26, 2011 New Yorker on Inner City Press at UN

Click for re Libya, Sri Lanka, UN Corruption

Feedback: Editorial [at]

UN Office: S-253, UN, NY 10017 USA Tel: 212-963-1439

Reporter's mobile (and weekends): 718-716-3540

  Search  Search WWW (censored?)

Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.

            Copyright 2006-2012 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at]