Afri has expressed alarm at recent revelations in the Irish Times regarding involvement by Irish-based companies in the international arms trade.
Afri cited as one of the most disturbing revelations in the report the fact that a Drumcondra-based company – Intertrade – has acted for one of the world’s largest arms companies, Finmeccanica, whose products include jet fighters, torpedoes and electronic warfare equipment, which are shipped around the world to cause death and destruction.
The company is also implicated in financial scandals, accused of using bribes worth millions of dollars in relation to arms deals in India and Panama. The leaks show how Intertrade uses offshore companies to process sales ‘commissions’ – a classic device to hide corrupt payments. Continue reading “Panama Papers show Ireland’s Complicity in the Arms Trade”