""Derivatives / Hedging" Deals" by Citibank, Standard Chartered Bank and Deutsche Bank, with Sri Lanka Government's Petroleum Corporation, analytically and interestingly raises ethical, moral and legal issues, as to whether deals perpetrated by Banks, with their own customer, whose poor financials were known to them, were "dubious" and, i>illegal"; with Banks also having "compromised" public officers, with foreign trips to educate them on derivatives / hedging.
The Author analytically exposes the true nature of such transactions, and how they work, though sophisticatedly described to "camouflage" and "confuse," to achieve the objective of raping customers to make "unconscionable profits; disclosing how "gullible " elected and selected public officers are, and how they are manipulated, through sophisticated and "devious " means; demonstrating that whilst countries courageously stand up to international or regional political associations, "intriguingly " lack the ability to stand up to Banks, conducting operations upon licenses granted by monetary authorities of such country.
The Author also exposes the reality of how professionals conduct themselves, within and outside Courts of law, demonstrating classic instances of 'unequal treatment before the law', making a mockery of the tenet - 'all are equal before the law, no one being above it', sacrosanctly pontificated and propounded on" podia. " The Author raises in discerning minds, issues of contempt of Court and "judicial bias, " citing Opinions in the House of Lords, United Kingdom in "re - Pinochet, " former Chilean President; shockingly also exposing, how the "media" manipulatively operates driven by" hidden agendas. "
This book is very interesting and absorbing to read, and imparts " incisive" knowledge on a variety of subjects, dealt with in an objective, analytical and rational manner, exposing socio-political realities. It is an "invaluable book" to those concerned with sophisticated financial instruments and "scams," which have scandalized financial sectors, warranting "stimulus packages" from Governments, and to legal/financial academics and professionals.