Word: lavoro
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Dates: during 1990-1999
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This month a federal grand jury in Atlanta is expected to hand up indictments in connection with almost $3 billion in unauthorized loans funneled to Iraq through the local branch of the Rome-based Banca Nazionale del Lavoro. Although the individual credits themselves were not forbidden, their sum total violated state and federal banking regulations, as well as those of the home bank in Italy. Federal investigators are reportedly trying to ascertain if BNL Atlanta extended a credit to a British-based company accused of trying to procure for Iraq elements of a triggering device for an atom bomb...
...first target. Baghdad already had in place a network of front organizations around the world that purchased materials for ballistic surface-to-surface missiles, chemical weapons and satellites. The Iraqis had even secured $3 billion in unauthorized loans from the Atlanta branch of Italy's Banca Nazionale del Lavoro to finance the purchase of industrial products in the U.S. The Iraqis also possessed about 25 lbs. of enriched uranium salvaged from the Osirak nuclear reactor, which was destroyed by Israeli warplanes in a surprise raid in June...