The author reviews the history of a key player in the IMF and World Bank who was recently convicted and fined for his involvement in "money laundering and fraud or complicity of fraud". After looking into his background, Toussaint has uncovered a career in the most nefarious, but legal international banking institutions that played a major role in capitalist exploitation of African resources.
Beyond the narrow scope of this trial, it is interesting to take a broader look at Jacques de Groote’s personal trajectory, because he was an emblematic figure of the IMF and World Bank, and there is a link between the role he played in these institutions and this affair brought before Swiss courts.