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Hall of Shame
Topic: Hall of Shame (Read 2508 times)
Hall of Shame
September 07, 2009, 06:55:52 PM »
Jack Straw admits Lockerbie bomber's release was linked to oil
Jack Straw has reignited the row over the release of the Lockerbie bomber by admitting for the first time that trade and oil were an essential part of the Government’s decision to include him in a prisoner transfer deal with Libya.
Re: Hall of Shame
Reply #1 on:
September 07, 2009, 10:50:26 PM »
When I clicked on the link it did not come up, so I went to the home page and searched for jack straw admits and it came up in a list. I was able to go to the article. The address was the one Crafty listed so why I had trouble I am not sure. So if anyone has trouble try this round about method.
Re: Hall of Shame
Reply #2 on:
September 08, 2009, 01:10:08 AM »
No.10 turns on Obama and Clinton for criticising decision to release Lockerbie bomber
By Simon Walters
Last updated at 3:14 AM on 06th September 2009
Comments (167) Add to My Stories .
Whitehall said US President Obama and Hillary Clinton's reaction to Abdelbaset Al Megrahi's release was 'disingenuous'
Downing Street has hit back at Barack Obama and Hillary Clinton for attacking the decision to release the Lockerbie bomber.
President Obama and the US Secretary of State fuelled a fierce American backlash against Britain, claiming Abdelbaset Al Megrahi should have been forced to serve out his jail sentence in Scotland – but a senior Whitehall aide said their reaction was ‘disingenuous’.
British officials claim Mr Obama and Mrs Clinton were kept informed at all stages of discussions concerning Megrahi’s return.
The officials say the Americans spoke out because they were taken aback by the row over Megrahi’s release, not because they did not know it was about to happen.
‘The US was kept fully in touch about everything that was going on with regard to Britain’s discussions with Libya in recent years and about Megrahi,’ said the Whitehall aide.
‘We would never do anything about Lockerbie without discussing it with the US. It is disingenuous of them to act as though Megrahi’s return was out of the blue.
'They knew about our prisoner transfer agreement with Libya and they knew that the Scots were considering Megrahi’s case.’
Mr Obama said Megrahi’s release on compassionate grounds was a ‘mistake’ while Mrs Clinton phoned the Scottish administration to complain in person.
More...Prince Andrew 'had Lockerbie talks with Gaddafi son'
Prime Minister Gordon Brown and Foreign Secretary David Miliband are said to have been ‘disappointed’ by the force of Washington’s response.
American politicians claimed the Anglo-US ‘special relationship’ had been damaged ‘for years to come’ because the UK had gone back on a joint pledge that Megrahi would stay behind bars in Scotland.
Former US Justice Department official David Rivkin said it was ‘duplicitous behaviour’.
Brits training Libya
Reply #3 on:
September 12, 2009, 11:57:43 AM »
I Don't Even Know What To Call This Foolishness
Reply #4 on:
November 17, 2009, 09:54:24 PM »
Posted By Daniel J. Mitchell On November 17, 2009 @ 4:38 pm In Government and Politics, Law and Civil Liberties | Comments Disabled
A former soldier in England has been arrested and convicted (and may even go to jail for five years) because he found a gun in his yard and he turned it over to the police. I presume this is in part a reflection of the anti-gun ideology embedded in UK law, but don’t prosecutors and judges have even a shred of discretion to avoid foolish prosecutions and/or protect innocent people from absurd charges? Here is the news report :
A former soldier who handed a discarded shotgun in to police faces at least five years imprisonment for “doing his duty”. Paul Clarke, 27, was found guilty of possessing a firearm at Guildford Crown Court on Tuesday – after finding the gun and handing it personally to police officers on March 20 this year. The jury took 20 minutes to make its conviction, and Mr Clarke now faces a minimum of five year’s imprisonment for handing in the weapon. In a statement read out in court, Mr Clarke said: “I didn’t think for one moment I would be arrested.”
… The court heard how Mr Clarke was on the balcony of his home in Nailsworth Crescent, Merstham, when he spotted a black bin liner at the bottom of his garden. In his statement, he said: “I took it indoors and inside found a shorn-off shotgun and two cartridges. “I didn’t know what to do, so the next morning I rang the Chief Superintendent, Adrian Harper, and asked if I could pop in and see him. “At the police station, I took the gun out of the bag and placed it on the table so it was pointing towards the wall.” Mr Clarke was then arrested immediately for possession of a firearm at Reigate police station, and taken to the cells.
… Prosecuting, Brian Stalk, explained to the jury that possession of a firearm was a “strict liability” charge – therefore Mr Clarke’s allegedly honest intent was irrelevant. Just by having the gun in his possession he was guilty of the charge, and has no defence in law against it, he added.
… Judge Christopher Critchlow said: “This is an unusual case, but in law there is no dispute that Mr Clarke has no defence to this charge. “The intention of anybody possessing a firearm is irrelevant.”
Article printed from Cato @ Liberty:
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 news report:
Reply #5 on:
December 14, 2009, 08:25:03 PM »
Think old uncle Al is so accustomed to spouting unchallenged doomsday scenarios that he's yet to understand that there's been a paradigm shift:
Inconvenient truth for Al Gore as his North Pole sums don't add up
Al Gore's office admitted that the percentage he quoted in his speech was from an old, ballpark figure
Hannah Devlin, Ben Webster, Philippe Naughton in Copenhagen
There are many kinds of truth. Al Gore was poleaxed by an inconvenient one yesterday.
The former US Vice-President, who became an unlikely figurehead for the green movement after narrating the Oscar-winning documentary An Inconvenient Truth, became entangled in a new climate change “spin” row.
Mr Gore, speaking at the Copenhagen climate change summit, stated the latest research showed that the Arctic could be completely ice-free in five years.
In his speech, Mr Gore told the conference: “These figures are fresh. Some of the models suggest to Dr [Wieslav] Maslowski that there is a 75 per cent chance that the entire north polar ice cap, during the summer months, could be completely ice-free within five to seven years.”
However, the climatologist whose work Mr Gore was relying upon dropped the former Vice-President in the water with an icy blast.
“It’s unclear to me how this figure was arrived at,” Dr Maslowski said. “I would never try to estimate likelihood at anything as exact as this.”
Mr Gore’s office later admitted that the 75 per cent figure was one used by Dr Maslowksi as a “ballpark figure” several years ago in a conversation with Mr Gore.
The embarrassing error cast another shadow over the conference after the controversy over the hacked e-mails from the University of East Anglia’s Climate Research Unit, which appeared to suggest that scientists had manipulated data to strengthen their argument that human activities were causing global warming.
Mr Gore is not the only titan of the world stage finding Copenhagen to be a tricky deal.
World leaders — with Gordon Brown arriving tonight in the vanguard — are facing the humiliating prospect of having little of substance to sign on Friday, when they are supposed to be clinching an historic deal.
Meanwhile, five hours of negotiating time were lost yesterday when developing countries walked out in protest over the lack of progress on their demand for legally binding emissions targets from rich nations. The move underlined the distrust between rich and poor countries over the proposed legal framework for the deal.
Last night key elements of the proposed deal were unravelling. British officials said they were no longer confident that it would contain specific commitments from individual countries on payments to a global fund to help poor nations to adapt to climate change while the draft text on protecting rainforests has also been weakened.
Even the long-term target of ending net deforestation by 2030 has been placed in square brackets, meaning that the date could be deferred. An international monitoring system to identify illegal logging is now described in the text as optional, where before it was compulsory. Negotiators are also unable to agree on a date for a global peak in greenhouse emissions.
Perhaps Mr Gore had felt the need to gild the lily to buttress resolve. But his speech was roundly criticised by members of the climate science community. “This is an exaggeration that opens the science up to criticism from sceptics,” Professor Jim Overland, a leading oceanographer at the US National Oceanic and Atmospheric Administration said.
“You really don’t need to exaggerate the changes in the Arctic.”
Others said that, even if quoted correctly, Dr Maslowski’s six-year projection for near-ice-free conditions is at the extreme end of the scale. Most climate scientists agree that a 20 to 30-year timescale is more likely for the near-disappearance of sea ice.
“Maslowski’s work is very well respected, but he’s a bit out on a limb,” said Professor Peter Wadhams, a specialist in ocean physics at the University of Cambridge.
Dr Maslowki, who works at the US Naval Postgraduate School in California, said that his latest results give a six-year projection for the melting of 80 per cent of the ice, but he said he expects some ice to remain beyond 2020.
He added: “I was very explicit that we were talking about near-ice-free conditions and not completely ice-free conditions in the northern ocean. I would never try to estimate likelihood at anything as exact as this,” he said. “It’s unclear to me how this figure was arrived at, based on the information I provided to Al Gore’s office.”
Richard Lindzen, a climate scientist at the Massachusets Institute of Technology who does not believe that global warming is largely caused by man, said: “He’s just extrapolated from 2007, when there was a big retreat, and got zero.”
Rouge Philly Cops Still Up to No Good
Reply #6 on:
December 17, 2009, 05:26:08 PM »
Strange New Twist in Scandal Involving Rogue Philadelphia PD Narcotics Unit
Radley Balko | December 17, 2009
Earlier this year, I posted on a rogue Philadelphia narcotics unit headed up by Officer Jeffrey Cujdik that was shaking down immigrant bodegas across the city. (See updates here and here.) Cujdik's thugs would come into the stores armed with search warrants for selling otherwise innocuous items like small plastic bags that can also be used to package illegal drugs. They would then cut the cords to the stores' surveillance cameras and start helping themselves to cash registers and merchandise. Members of the unit have also been accused of sexually assaulting women during drug raids.
Philadelphia Daily News reporters Wendy Ruderman and Barbara Laker—who have done some amazing reporting on this story—then showed how lax oversight from prosecutors and police commanders and casual dismissal of citizen complaints allowed Cujdik to continue to operate well after his shakedown tactics should have had him booted off the force. He'd likely still be shaking down bodegas were it not for Ruderman and Laker (the two reporters were of course attacked by Cujdik's police union).
Now Ruderman and Laker report an incredible new twist involving Cujdik's brother Gregory. Unlike two of his brothers and his father, Gregory Cujdik isn't a Philadelphia PD police officer. In fact, he's a convicted drug dealer. The story begins last April.
IT WAS just after midnight. Brian Westberry and a woman friend sat frozen in his bedroom, hoping the persistent pounding on the front door of his Northeast Philly home would stop. It didn't.
Westberry, 24, slipped his licensed .38-caliber revolver into his pants pocket and crept downstairs to open the door.
There stood Gregory Cujdik, 32, who demanded to see "Jen," his girlfriend. Westberry told him "Jen" didn't want to see him, and repeatedly ordered Cujdik to leave. When Cujdik refused, Westberry threatened to call police.
" 'Do it. My family are cops,' " Cujdik said, according to Westberry...
Before Westberry could finish dialing 9-1-1 on his cell phone, Cujdik stepped through the doorway and punched him in the throat, Westberry said.
That's when Westberry pulled out his gun and Cujdik fled, Westberry told the Daily News.
Westberry never fired the gun. In fact, Westberry suffered the only injury when Cujdik staggered him with a punch. But rather than arrest Cujdik, a convicted drug dealer, authorities slapped Westberry with a slew of criminal charges, including felony aggravated assault, possession of an instrument of crime, terroristic threats, simple assault and recklessly endangering another person.
From there, Westberry's life got worse. Westberry believes Cudjik is behind a Nov. 14 arson of his house. Detectives didn't question Cujdik until after a Daily News reporter asked a police captain about the case earlier this month.
It gets worse. The detective who arrested Westberry is the wife of Jeffrey Cujdik's former partner. The two also co-own a dunk tank (!?) rental business. Westberry is a gun collector. The police seized all 40 of his guns, all of which were legal and licensed.
All charges against Westberry were finally dismissed in October. But Gregory Cujdik has yet to be charged, for either the assault or the arson. The investigating officer said he never got around to questioning Cujdik about the arson due to a backlog of other cases. Of course, that didn't seem to stop the department from going after Westberry. The investigating officer also indicated he thinks Westberry, who has no prior criminal record, may have intentionally set fire to his own home in order to frame Cujdik.
Incidentally, since the Daily News first broke the story about Jeffrey Cujdik's thuggish narcotics unit in March, none of the officers in the unit has been charged with a crime. A few have been taken off the street and lost their police powers, and there's now a federal investigation underway. But all of the officers from the unit are still collecting paychecks.
Lockerbie bomber release
Reply #7 on:
December 20, 2009, 08:34:49 AM »
Originally Posted by Foxnews
Mystery surrounded the Lockerbie bomber Tuesday after he could not be reached at his home or hospital in Libya.
Libyan officials could say nothing about the whereabouts of Abdul Baset Ali al-Megrahi, and his Scottish monitors could not contact him by telephone. They will try again to speak to him today but if they fail to reach him, the Scottish government could face a new crisis.
Under the terms of his release from jail, the bomber cannot change his address or leave Tripoli, and must keep in regular communication with East Renfrewshire Council.
Politicians on both sides of the Atlantic and relatives of the 270 people who died in the 1988 bombing expressed anger about al-Megrahi’s disappearance. Richard Baker, Labour's justice spokesman in the Scottish Parliament, said the whole affair was turning into a shambles and putting Scotland's reputation at risk. "This flags up just how ludicrous it is that East Renfrewshire Council, a local council thousands of miles away from Libya, is responsible for supervising al-Megrahi’s conditions of licence," he said.
Eliot Engel, a New York congressman, said: "I think it was a tremendous mistake to let him out in the first place. I don’t think a convicted terrorist has any integrity to abide by any type of agreement."
Relatives of the victims were furious in August when Kenny MacAskill, the Scottish Justice Secretary, released al-Megrahi on compassionate grounds because he was expected to die of prostate cancer within three months.
Local authority staff from the East Renfrewshire Council had been concerned after attempts to contact Abdel Baset al-Megrahi failed yesterday.
There were also reports that mystery surrounded the bomber's whereabouts after he could not be contacted either at his home or in hospital.
Earlier this year Megrahi, who has prostate cancer, was granted compassionate release from the life sentence he was serving in a Scottish jail.
Criminal justice social work staff from the council are charged with monitoring him, and usually call Megrahi in Tripoli every two weeks.
They had not been scheduled to contact Megrahi this week but they tried to contact him yesterday after The Times of London had been unable to speak to the bomber.
Those attempts failed but today council staff were able to speak to him.
Lockerbie Bomber Had Secret Swiss Bank Account
The Lockerbie bomber had £1.8m ($2.9 million USD) in a Swiss bank account when he was convicted eight years ago, it has been revealed.
The Crown Office, Scotland’s equivalent of the Crown Prosecution Service, has confirmed it refused to grant bail to Abdel Baset al-Megrahi as recently as November last year because of concerns he might try to gain access to the money.
The existence of such a large sum in a personal account casts doubt on claims by the Libyan government that Megrahi was a low-ranking airline worker.
The disclosure also raises further questions about the wisdom of the Scottish government in releasing the bomber, who has terminal prostate cancer, on compassionate grounds in August.
Sources close to Megrahi’s defense team said they were aware of the bank account and had several explanations prepared ahead of his trial in the Netherlands in 2000.
Hall of Shame: re. missing Lockerbie bomber had Swiss bank account
Reply #8 on:
December 21, 2009, 08:45:33 AM »
Will be hard for the Obama administration to protest as they release 12 more terrorists to their home countries. 4 to Afghanistan, 2 to Somali, 6 to Yemen, more to come, what could possibly go wrong with that?
US transfers 12 Gitmo detainees to home countries
(AP) – 12 hours ago
WASHINGTON — The U.S. has transferred a dozen Guantanamo detainees to Afghanistan, Yemen and the Somaliland region as the Obama administration continues to move captives out of the facility in Cuba in preparation for its closure.
The Justice Department said Sunday that a government task force had reviewed each case. Officials considered the potential threat and the government's likelihood of success in court challenges to the detentions.
Over the weekend, four Afghan detainees were transferred to their home country. Two Somali detainees were transferred to authorities in Somaliland, the semi-autonomous northern region of Somalia. Six Yemeni detainees also were sent home.
Re: Hall of Shame: Detroit
Reply #9 on:
December 21, 2009, 06:57:38 PM »
27 Years of Liberal policy
Reply #10 on:
February 09, 2010, 05:15:54 PM »
France has agreed to sell Russia an advanced amphibious warship and is considering a Russian request for three more, French defense officials said Monday. It would be the first major arms deal between Russia and a NATO member.
French President Nicolas Sarkozy approved the sale of one Mistral assault ship after months of discussions, but then Russian naval officials submitted a request for three more, said Jacques de Lajugie, head of international development at the French arms agency DGA.
"We are in the process of examining" this request, de Lajugie said at a news conference, predicting a decision in the coming weeks. He said the new request came not at the "political level" but from the general staff of the Russian Navy.
No details about price were released.
The Mistral can anchor in coastal waters and deploy troops on land, a capacity the Russian navy now lacks. Russia's navy chief said last year that a ship like the Mistral would have allowed the Russian navy to mount a much more efficient action in the Black Sea during the Georgia-Russia war. He said the French ship would take just 40 minutes to do the job that the Russian Black Sea Fleet vessels did in 26 hours.
The deal is richly symbolic for Russia, seeking to modernize an aging navy reliant on Soviet-era technology and to project its power abroad more effectively — and more impressively. The sale has alarmed some of Russia's former Soviet bloc neighbors, including those now in NATO, especially after the Russia-Georgia war in 2008.
Possessing a Mistral, which can carry 16 attack helicopters and dozens of armored vehicles, would significantly increase the Russian military's capability to mount quick offensives. France sent a Mistral, which weighs 23,700 tons and is 980 feet long, to visit St. Petersburg last year in a clear sign of interest in a potential sale.
France's Defense Minister Herve Morin, meeting in Paris with U.S. Defense Secretary Robert Gates, said Monday that France hopes to contribute to European stability.
"I understand that for some central and eastern European countries, that the wounds are still there. France wants a new relationship and that means it needs to go through new exchanges," he told reporters.
Gates said he and Morin discussed the French warship sale to Russia and had "a good and thorough exchange of views." He would not comment further.
NATO members and Russia have had some small, country-to-country technology deals in the past but this would be the first sale of a major piece of equipment by a NATO nation to Moscow.
"The Mistral is packed with electronics, it also serves as a command ship and a communications hub. That will allow the Russia to obtain modern naval technologies," Alexander Golts, an independent Russian military analyst, said in a telephone interview.
"The Mistral would offer a capability to project power to distant areas, something that both France and Russia like to have," Golts said.
Some other analysts have been skeptical that buying Mistral will help the Russian navy modernize because the ship sold to Russia may be stripped of its most sensitive and valuable systems.
"I believe that it's not a good idea to sell such ship to a country that has occupied another nation's territory," Temur Yakobashvili, a Georgian cabinet minister for reintegration who is in charge of issues related to separatist regions, told The Associated Press in a telephone interview after the French announcement.
Russian and NATO officials did not immediately comment Monday on the French announcement.
Among outstanding questions in the deal are where the Mistral would be built, de Lajugie said.
Russian officials have repeatedly said they want the technology, not just the ships. They emphasized that Russia wants to buy the first ship and build more under license, something France has reportedly been hesitant to allow.
Shocking, absolutely shocking development
Reply #11 on:
July 05, 2010, 10:42:26 AM »
Doctor: 'Dying' Lockerbie bomber may live 10 years
'Embarrassing that he's gone on so long,' says expert who gave 3-month prognosis
msnbc.com staff and news service reports
updated 7/4/2010 7:03:03 AM
LONDON — A doctor who said the man convicted of the bombing of Pan Am Flight 103 had only three months to live now says the Libyan could survive another 10 years, London's Sunday Times reported.
Abdel Baset al-Megrahi, who was convicted of 270 counts of murder for being behind the 1988 bombing over Lockerbie, Scotland, was released on compassionate grounds in 2009, after doctors said he only had a few months to live.
Specialist Karol Sikora told the newspaper it was "embarrassing" that al-Megrahi, who has prostate cancer and received a hero's welcome upon his return to Libya, had managed to outlive the prognosis.
The report is sure to re-ignite accusations that Scottish authorities bowed to pressure from Libya and the British government to release al-Megrahi, who American officials accuse of being an officer of the Libyan intelligence service.
"There is always a chance that he would live for 10 years ... but it's very unusual," Sikora told the Times.
"There was a 50 percent chance that he would die in three months," he added, "but there was also a 50 percent chance that he would live longer."
While at the time of his release the Scottish government sited "firm consensus" among medical experts over al-Megrahi's condition, that agreement does not appear to exist, according to the newspaper.
Eight people involved in the case now "suggest" that the Scottish government and Libyan officials selectively chose their information, the Sunday Times reported.
According to an earlier Sunday Times report, a former British justice secretary wrote to his counterpart in Scotland that it was "in the overwhelming interests of the United Kingdom" to make it possible for al-Megrahi to return to Libya.
The letter was written in 2007 during stalled negotiations over a BP oil exploration contract worth billions of dollars.
The Scottish government said at the time of the release in August that "life expectancy of less than three months" could make a prisoner eligible for release under compassionate grounds.
Sikora, who was paid 200 pounds (about $304) an hour by the Libyan government for his opinion, told the newspaper that there was always a chance that the Libyan would live longer than three months, but admitted that it was "embarrassing that he's gone on for so long."
Baraq Hussein Obama
Reply #12 on:
July 05, 2010, 06:24:54 PM »
Second entry of the day:
Obama’s new mission for NASA: Reach out to Muslim world
By: Byron York
Chief Political Correspondent
07/05/10 2:50 AM EDT
In a far-reaching restatement of goals for the nation’s space agency, NASA administrator Charles Bolden says President Obama has ordered him to pursue three new objectives: to “re-inspire children” to study science and math, to “expand our international relationships,” and to “reach out to the Muslim world.” Of those three goals, Bolden said in a recent interview with al-Jazeera, the mission to reach out to Muslims is “perhaps foremost,” because it will help Islamic nations “feel good” about their scientific accomplishments.
In the same interview, Bolden also said the United States, which first sent men to the moon in 1969, is no longer capable of reaching beyond low earth orbit without help from other nations.
Bolden made the statements during a recent trip to the Middle East. He told al-Jazeera that in the wake of the president’s speech in Cairo last year, the American space agency is now pursuing “a new beginning of the relationship between the United States and the Muslim world.” Then:
When I became the NASA Administrator — before I became the NASA Administrator — [Obama] charged me with three things: One was he wanted me to help re-inspire children to want to get into science and math, he wanted me to expand our international relationships, and third, and perhaps foremost, he wanted me to find a way to reach out to the Muslim world and engage much more with dominantly Muslim nations to help them feel good about their historic contribution to science, math, and engineering.
Later in the interview, Bolden discussed NASA’s goal of greater international cooperation in space exploration. He said the United States, more than 40 years after the first moon mission, cannot reach beyond earth’s orbit today without assistance from abroad:
In his message in Cairo, [Obama] talked about expanding our international outreach, expanding our international involvement. We’re not going to go anywhere beyond low earth orbit as a single entity. The United States can’t do it, China can’t do it — no single nation is going to go to a place like Mars alone.
Bolden’s trip included a June 15 speech at the American University in Cairo. In that speech, he said in the past NASA worked mostly with countries that are capable of space exploration. But that, too, has changed in light of Obama’s Cairo initiative. “He asked NASA to change…by reaching out to ‘non-traditional’ partners and strengthening our cooperation in the Middle East, North Africa, Southeast Asia and in particular in Muslim-majority nations,” Bolden said. “NASA has embraced this charge.”
“NASA is not only a space exploration agency,” Bolden concluded, “but also an earth improvement agency.”
Read more at the Washington Examiner:
Re: Hall of Shame
Reply #13 on:
July 05, 2010, 07:42:37 PM »
I weep for my country.
Re: Hall of Shame
Reply #14 on:
July 06, 2010, 11:04:38 AM »
""There was a 50 percent chance that he would die in three months," he added, "but there was also a 50 percent chance that he would live longer."
One really has to ask the question:
Did Quadaffi bribe anyone here?
Now all of a sudden, we hear this. This "doctor" should be investigated.
Again victom's families have to suffer because of leftist phoney compassion.
Re: Hall of Shame
Reply #15 on:
July 06, 2010, 12:18:22 PM »
I suspect this was part of a governmental deal for oil.
Re: Hall of Shame
Reply #16 on:
July 06, 2010, 02:24:19 PM »
*** Libya hints at taking BP stakeBy Andrew England in Abu Dhabi and Simeon Kerr in Dubai, FT.com
July 5, 2010 9:29 a.m. EDT
Libyan leader Moammar Gadhafi: BP is active in Libya; it won a contract to explore for gas and oil in the north African state in 2007.STORY HIGHLIGHTS
Top oil official Shokri Ghane said Libya's sovereign wealth fund should invest in BP
Comments come amid speculation BP is seeking to raise capital from Middle East
BP won a contract to explore for gas and oil in Libya in 2007
(FT) -- Libya's top oil official on Monday said that his country's sovereign wealth fund should invest in BP to take advantage of the troubled company's falling share price.
Shokri Ghanem, chairman of Libya's national oil company, made the comments amid speculation that BP was seeking to raise capital from the oil-rich Middle East.
"BP is interesting now with the price lower by half and I still have trust in BP, I will recommend it to the LIA [the Libyan Investment Authority]," Mr Ghanem told Dow Jones.
Mr Ghanem's comments came after an official in the Gulf told the Financial Times that BP had already been reaching out to investment entities in the region, particularly those with which it already had relations.***
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