Saturday, November 14, 2009

As Blair Lobbies for Wataniya, Do Kuwait and JPM Chase's Arranger Role Spell UN Conflict of Interest?

By Matthew Russell Lee
www.innercitypress.com/blair1unjpmc111309.html

UNITED NATIONS, November 13 -- When Tony Blair does business, who does he work for? He represents the Quartet, and thus the UN, on development in the Occupied Palestinian Territories. He has been paid by JPMorgan Chase as a consultant, and presumably works for them. When he acts in the West Bank for the Wataniya cell phone company, who is he working for?

The UN has repeatedly claimed that there would and could be no conflict of interest between Blair's paid position for JPMorgan Chase and his work in the Palestinian Occupied Territories. When Inner City Press asked Blair, after a meeting of the Quarter in the Conference Room 4 in UN Headquarters, about any safeguards in place for his UN and JPMorgan Chase roles, he scoffed. A Blair staffer confirmed that he continued in JPM Chase's employ.

This week, Tony Blair attended a press conference announcing the finalization of Wataniya's deal, which Blair "negotiated." At the UN noon briefing on November 11, Inner City Press asked about this last:

Inner City Press: yesterday, Tony Blair was in Ramallah, and he’s described as having negotiated on behalf of a cell phone company with the Israeli Government. There’s a whole press conference also that noted his role for the Quartet and for the UN. So I’m wondering, did he do this on behalf of the Quartet and the UN and what is the UN’s knowledge, do they have any knowledge on this business negotiating activity?

Deputy Spokesperson Marie Okabe: I have no knowledge of that.

Even forty six hours later, no answer has been provided. But even cursory research reveals that Blair's employer JPMorgan Chase served as a "mandated lead arranger" for the acquisition of Wataniya. Click here for the document.

So again, what safeguards are in place? Who is Tony Blair working for?

Tony Blair Associates has as a client Kuwait, and by implication its royal family, while Blair has met with the finance minister of Kuwait while representing JPMorgan Chase. Wataniya Palestine is substantially (57%) owned by investors from Qatar and... Kuwait. For the former, it's Qatar Telecom. But for the later, it's the Kuwait Investment Authority, which operates on behalf of the State of Kuwait -- Tony Blair Associates' client. So when Blair lobbies for Wataniya, who is he representing?

While awaiting the UN's answers, we note that in June 2009, "Wataniya Palestine CEO Alan Richardson recently called on Middle East envoy and former British prime minister Tony Blair to intervene on behalf of Wataniya to get the frequency released. Richardson previously has been involved in controversial cell phone projects in Iraq, with Orascom and Iraqna, contracts which the U.S. Pentagon urged the Coalition Provisional Authority to cancel.

So to the degree Tony Blair is working for Richardson, this too is problematic. But beyond the UN and Quarter, is Blair working for Kuwait? With JPMorgan Chase's documented mandate lead arranger role for the acquisition of Wataniya, there is a conflict which, it would seem, will require action. Blair is dismissive, and the UN appears cowed. Watch this site.

And see, www.innercitypress.com/blair1unjpmc111309.html