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uranium-one-transaction — Part 01
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CasFwowed.oCloton FoundationAid RossianUraniwnDeai-N..http/.www.nyenes.com205/02/ns/cashnowedwcinonfoond.
Still, the company's story was hardly front-page news in the United States
.- until early aoo8, in the midst ofMrs.Chinton's failed presidential campaigp
when The Times published an artiele revealing the zoos trip's link to Mr.
Giustra's Kazakhstan mmining deal. It aiso reported that several months later, Mr..
Giustra had donated S3x 3 million to Mr. Chinton's foundation.
(In a statement issued after this article appeared online, Mr. Giustra said he
was "extremely proud" of his charitable work with Mr. Clinton, and he urged the.
media to focus on poverty, health care and "the real challenges of the world.)
Though the aoo8 article quoted the former head of Kazatomprom,
Moukhtar Dzhakishey, as saying that the deal required government approva!
and was discussed at a diuner with the president, Mr.Ginstra insisted that it was
a private transaction, with no need ior Mr. Chinton's inthuence with Kazakh
officials. He desenibed his relationship with Mr. Clinton as motivated solely by s
shared interestin pbdanthropy.
As if to underscore the point, hve months later Mr. Giustra held a
fund-raiser for the Chinton Giustra Sustainable Growth Initiative, a project
aimed at fostering progressive environmental and labor practices in the natura.
rexources industry,to whien he had pledged Sioo million.The star-studded
gala,st a conference center in Toronto, featured performances by Elton John
and Shakira and celebrities like Tom Cruise,John Travolta and Robin Wiliams
encouraging contributions from the many so-called F.O.F.s ..Friends of Frank
. in attendance, among them Mr. Telfer. In all, the evening generated $16
million in piedges, aecordinx to an article in The Globe and Mail.
*None of this would have been possible if Frank Giustra didn't have a
remarkable combination of caring and modesty, of vision and energy and iron
you should,too."
But what hxd been a string of successes was about to hit a speed bump
Arrest and Frogress
By June aoog, a littke over a year after the stor-studded evening in Toronto,
Urannuns One's stock was in nree-tall, down so percent. Mr. Dzbakishey, the
nead ofKazatomprom,had just been arrested on charges that he illegally sold
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