There has been some new information brought to light on the Yemen nuclear situation in a recent news article. You can read the original here. The company that wants to do the work for Yemen is based in Houston, Texas. It is called the Powered Corporation. It is owned by two guys, one American and one Yemeni. It looks like the Yemeni partner and the Yemeni electricity minister were classmates in college in the US. That’s not necessarily a big deal, but in the big picture it sounds bad… The Yemeni partner used to work for a power utility and was fired for falsifying his credentials. He was also charged with fraud against the shareholders. He is also accused of stealing a lot of money from another company based in the middle east. It also turns out that the Powered corporation has never completed a project and was only registered two months ago! Folks, this contract is worth 15 billion dollars and it reeks of corruption and/or of scam artists. Anyone who is familiar with the way the government works here will instantly assume that there is something fishy going on. I really, really, really hope that both the Yemeni, and especially the US law enforcement people look into this. In the US, this deal would be killed immediately after PR like this, I’m not so sure about it here in Yemen…
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