Saturday 8 July 2006

Russian tycoon had RBS loan of £2.5bn written off!

On 19 January 2009, The Daily Telegraph ran this headline:

“RUSSIAN TYCOON 'HAD RBS LOAN OF £2.5BILLION WRITTEN OFF"!
The Telegraph continued:

"ABN Amro, a Dutch bank owned by the Royal Bank of Scotland (RBS), apparently LENT LEONID BLAVATNIK THE MONEY TO HELP SHORE UP THE FINANCES OF HIS TROUBLED CHEMICALS COMPANY LYONDELLBASEL...
Senior Government figures are said to have been infuriated to learn that RBS WAS PART OF A GROUP OF BANKS THAT OFFERED A £2.8BILLION LOAN TO A FIRM OWNED BY OLEG DERIPASKA, A RUSSIAN BILLIONAIRE WHO LAST YEAR HOSTED BOTH PETER MANDELSON AND GEORGE OSBORNE ON HOLIDAY IN CORFU.

The apparent loan to Mr Blavatnik has now brought the 51-year-old, who divides his time between America, Russia and Britain – where he resides in a £41million home in Kensington Palace Gardens – into the spotlight...

Last year, the oligarch – referred to as Len Blavatnik in the West – WAS RANKED AS THE 11TH RICHEST MAN IN BRITAIN, WITH AN ESTIMATED FORTUNE OF £3.9 BILLION."
Question: if the Russian Oligarch, Leonid Blavatnik, is the 11th richest man in Britain, with an estimated fortune of £3.9billion, why did the Royal Bank of Scotland write off the debt he owed to them? Why did they not say, 'give us the money you owe us, Leonid! Or else!'

Here is a possible answer: Leonid Blavatnick and Oleg Deripaska are Jewish.

As is Sir Fred Goodwin, erstwhile boss of RBS.

The NationMaster Encyclopaedia tells us that his mother was a German-Jewish immigrant.

This means that Goodwin is every bit as Jewish as the aforementioned Russian oligarchs.

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