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The Loans affair, also called the Khemlani affair, was a political scandal involving the Whitlam government of Australia in 1975 in which it was accused of attempting to borrow money from the Middle East by the agency of the Pakistani banker Tirath Khemlani (17 September 1920 — 19 May 1991) and thus bypass the standard procedures of the ...
Jan 1, 2005 · It was Monday, December 16, 1974. Two days earlier, prime minister Gough Whitlam and three of his senior ministers had agreed to borrow $4 billion from unidentified Arab oil sheiks through a shady businessman.
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Seven days before Gough Whitlam’s dismissal, the US Ambassador in Canberra told Whitlam that neither the CIA nor any other American government agencies secretly funded any political group or candidate in Australia, and the assurance was put into writing for the Department of Foreign Affairs.
The Loans Affair. During 1975, the Whitlam Government endured the “Overseas Loans Affair”, the story of efforts by the Minister for Minerals and Energy, Rex Connor, Treasurer Dr. Jim Cairns, and others, to raise an overseas loan of $4 billion. The loan was to be used to fund a number of natural resources and energy projects, including the ...
Jun 13, 2015 · Throughout 1975, the Whitlam Labor government attempted to raise an overseas loan of $4 billion USD, an extraordinarily large amount for the time. Known as either the Overseas loans affair or the Khemlani affair; the attempted raising of funds by the Minister for Minerals and Energy, Rex Connor and Treasurer Dr Jim Cairns severely tarnished…
Nov 11, 2000 · Nov 11, 2000 – 11.00am. Brian Toohey revisits the notorious Khemlani loan affair, the grand plan to fund Labor's ambitious projects that ended in disaster for the novice Government. It all began ...
Sep 29, 2022 · On 11 November 1975, after a series of dramatic events including a 1974 double dissolution and a budgetary supply crisis, the Gough Whitlam -led federal Labor government became the first (and only) government in Australian history to be dismissed by the Governor-General.
