British intelligence sources report to WMR that a series of
high-level financial deals between Libya, British Prime Minister Gordon Brown,
Chancellor of the Exchequer Alistair Darling, Business Secretary Peter
Mandelson, former Speaker of the House of Commons Michael Martin, and Scottish
First Minister Alexander Salmond resulted in the release from a Scottish
prison of Abdelbaset Ali al-Megrahi, the Libyan Arab Airlines officials
convicted of planting the bomb on board Pan Am 103 that killed 281 people on the
plane and in the village of Lockerbie in 1988. Megrahi�s colleague, Lamen
Khalifa Fhimah, was acquitted of charges in the terrorist attack.
In fact, according to the British intelligence sources, the
Libyans were never responsible for the bombing of PanAm 103, which was carried
out by the Iranians and their Popular Front for the Liberation of
Palestine-General Command (PFLP-GC) proxies in Lebanon�s Bekaa Valley in
retaliation for the shooting down by the USS Vincennes of
an Iran Air Airbus-300 over the Persian Gulf in July 1988 that
killed all 290 passengers and crew.
WMR discovered from Cypriot authorities that the bomb
intended for PanAm 103 arrived at Larnaca International Airport on a
private plane from Lebanon, was placed on a flight to Frankfurt and then
transferred to a feeder flight from Frankfurt to London Heathrow and,
ultimately, on the ill-fated PanAm Boeing 747 bound for New York.
National Security Agency (NSA) and Government Communications
Headquarters (GCHQ) intercepts of Iranian and Greek banking communications
proved the Iranian connection but the U.S., British, and Israeli governments
saw fit to blame Libya�s Muammar Qaddafi for the attack.
Negotiations on the deal to free Megrahi, who stood to
embarass the British and U.S. governments with new evidence of his
innocence if the appeal of his conviction had gone forward, began last
October after two major Scottish banks, Halifax Bank of Scotland (HBOS) and
Royal Bank of Scotland (RBS), collapsed. After HSBC and Barclays made overtures
to the Bank of England to buy HBOS and RBS, the proposals were rejected by what
is known in Whitehall as the �Larnarkshire Mafia� -- Brown, Darling, and Martin
-- that intervened in the Scottish financial crisis and ordered that public
money via commercial funds be used to prop up HBOS and RBS. Eventually,
Lloyds TSB bought HBOS creating Lloyds Banking Group, which was, itself,
later bailed out by the British government.
The word from Whitehall is that, although Parliament is in
summer recess, senior staffers know that a major secret deal was worked out
between Number 10 and Number 11 Downing Street (the residences of the Prime
Minister and Chancellor of the Exchequer, respectively) and Qaddafi and sealed
after a meeting two weeks ago between Mandelson and Qaddafi�s son, Saif al
Islam Qaddafi, at a Rothschild family-owned villa on Corfu.
The deal worked out is that profits realized from future oil
and gas deals between Britain and Libya will be used to bail out the Scottish
banks. As for speculation that Labor wants to use the Scottish financial crisis
to prove that current plans by the ruling Scottish National Party
(SNP) government to move Scotland toward independence and that Scotland cannot
fare on its own without London. Brown and Salmond, a former RBS senior
economist who negotiated Scotland North Sea oil revenue spending plans between
RBS and the government while working for the bank, are on very close
terms, according to our sources. Brown, a former British Chancellor of the
Exchequer, and Salmond knew exactly what they were getting in return from
Qaddafi and his son when they hammered out the �bailout-for-Megrahi� agreement
-- the financial bailout of Scotland�s two largest banks that were riddled
with toxic bad loans by sweetheart oil and gas deals with Libya.
Qaddafi was celebrating more than Megrahi�s release at the public ceremony in
Libya -- the mercurial Libyan leader, once considered a pariah, is now one of
the most influential business moguls in Great Britain -- on
both sides of Hadrian�s Wall.
published in the Wayne
Copyright � 2009 WayneMadenReport.com
Madsen is a Washington, DC-based investigative journalist and nationally-distributed
columnist. He is the editor and publisher of the Wayne Madsen Report