Tag Archives: Ferrostaal

John Ward – REVEALED – How Paying Double For German Subs Helped To Sink Greece – 12 March 2012

The German type 214 submarine….expensive if you’re Greek

“We paid double for three submarines from Germany,” says an Athenian source who has lodged several incriminating documents with The Slog. Most of this, once again, seems to involve the near-ubiquitous role in German engineering and arms supplies of the multiply corrupt company Ferrostaal. Looking at the numbers, some of this appears to have been German profiteering connected to payoffs: “we give you 3 million euros, you lets us stuff the invoice with another 20 million” and so forth. And always in this farrago of filled pockets lurks the presence of numerous company acronyms MFI, MIE (Marine International), PDM, Zelan etc….all odd joint ventures and often registered in Liberia or Cyprus. All of them have obvious attachments to Greek elite members, and most of them in turn have connections to civil service procurement officers and/or senior politicians. Continue reading