Loans Affair
978-613-5-55734-3
6135557343
108
2011-03-23
39.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Loans Affair, also called the Khemlani Affair, is the name given to the political scandal involving the Whitlam Government of Australia in 1975, in which it was accused of attempting to illegally borrow money from Middle Eastern countries by bypassing standard procedure as dictated by the Australian Treasury. The Minister for Minerals and Energy, Rex Connor, Treasurer Dr. Jim Cairns, and others, were prime identities in the scandal. During 1975, the Whitlam Government attempted to raise a loan of approximately US$4 billion. The money was intended to be used to fund a number of natural resource and energy projects, including construction of a natural gas pipeline, the electrification of interstate railways and a uranium enrichment plant. Tirath Khemlani (1920 - 1991) played a pivotal role. He was employed by Dalamal and Sons, a London-based commodity-trading firm.
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