President Bush told Chilean President Ricardo Lagos there would be a "full investigation" into allegations that Riggs Bank helped former Chilean dictator Gen. Augusto Pinochet hide millions of dollars from international prosecutors.
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"It's important for the facts to be 'en la mesa,' as we say -- on the table -- so that we know what course of action may or may not be needed," said Bush, who added that Lagos brought up the issue with him yesterday. Lagos last week told media in Chile that the government would investigate Pinochet's connection to Riggs with an eye toward finding out the sources of Pinochet's wealth.
Now read this
this,
For two years after the terrorist attacks of Sept. 11, 2001, an unlicensed money transmitter in New York City used a New Jersey bank to move $1 billion in and out of foreign accounts, some belonging to black market currency traders. By law, Hudson United Bank was required to tell regulators at the Federal Deposit Insurance Corp. about such suspicious transactions, but it didn't. Instead, a probe by the New York district attorney finally alerted FDIC officials.
And this
Senate investigators report that Riggs Bank courted business from the former Chilean dictator Augusto Pinochet and helped him hide millions of dollars in assets from international prosecutors. Investigators say the top federal bank examiner in charge of supervising the District's largest bank kept details about the relationship hidden and aided Pinochet while he was under house arrest in Britain.