1 00:00:00,397 --> 00:00:02,828 When we talk about corruption, 2 00:00:02,852 --> 00:00:06,298 there are typical types of individuals that spring to mind. 3 00:00:06,322 --> 00:00:08,626 There's the former Soviet megalomaniacs. 4 00:00:08,650 --> 00:00:11,815 Saparmurat Niyazov, he was one of them. 5 00:00:11,839 --> 00:00:13,803 Until his death in 2006, 6 00:00:13,827 --> 00:00:17,109 he was the all-powerful leader of Turkmenistan, 7 00:00:17,133 --> 00:00:20,874 a Central Asian country rich in natural gas. 8 00:00:20,898 --> 00:00:24,824 Now, he really loved to issue presidential decrees. 9 00:00:24,848 --> 00:00:27,069 And one renamed the months of the year 10 00:00:27,093 --> 00:00:30,219 including after himself and his mother. 11 00:00:30,243 --> 00:00:32,253 He spent millions of dollars 12 00:00:32,277 --> 00:00:35,073 creating a bizarre personality cult, 13 00:00:35,097 --> 00:00:37,042 and his crowning glory was the building 14 00:00:37,066 --> 00:00:41,082 of a 40-foot-high gold-plated statue of himself 15 00:00:41,106 --> 00:00:44,146 which stood proudly in the capital's central square 16 00:00:44,170 --> 00:00:47,138 and rotated to follow the sun. 17 00:00:47,162 --> 00:00:49,911 He was a slightly unusual guy. 18 00:00:49,935 --> 00:00:51,768 And then there's that cliché, 19 00:00:51,792 --> 00:00:55,167 the African dictator or minister or official. 20 00:00:55,191 --> 00:00:58,278 There's Teodorín Obiang. 21 00:00:58,302 --> 00:01:02,509 So his daddy is president for life of Equatorial Guinea, 22 00:01:02,533 --> 00:01:05,633 a West African nation that has exported 23 00:01:05,657 --> 00:01:09,114 billions of dollars of oil since the 1990s 24 00:01:09,138 --> 00:01:13,158 and yet has a truly appalling human rights record. 25 00:01:13,182 --> 00:01:15,052 The vast majority of its people 26 00:01:15,076 --> 00:01:18,007 are living in really miserable poverty 27 00:01:18,031 --> 00:01:20,127 despite an income per capita that's on a par 28 00:01:20,151 --> 00:01:22,625 with that of Portugal. 29 00:01:22,649 --> 00:01:25,330 So Obiang junior, well, he buys himself 30 00:01:25,354 --> 00:01:29,762 a $30 million mansion in Malibu, California. 31 00:01:29,786 --> 00:01:30,863 I've been up to its front gates. 32 00:01:30,887 --> 00:01:33,958 I can tell you it's a magnificent spread. 33 00:01:33,982 --> 00:01:37,677 He bought an €18 million art collection 34 00:01:37,701 --> 00:01:41,816 that used to belong to fashion designer Yves Saint Laurent, 35 00:01:41,840 --> 00:01:43,364 a stack of fabulous sports cars, 36 00:01:43,388 --> 00:01:45,919 some costing a million dollars apiece -- 37 00:01:45,943 --> 00:01:48,235 oh, and a Gulfstream jet, too. 38 00:01:48,259 --> 00:01:49,596 Now get this: 39 00:01:49,620 --> 00:01:53,737 Until recently, he was earning an official monthly salary 40 00:01:53,761 --> 00:01:57,891 of less than 7,000 dollars. 41 00:01:57,915 --> 00:01:59,944 And there's Dan Etete. 42 00:01:59,968 --> 00:02:02,588 Well, he was the former oil minister of Nigeria 43 00:02:02,612 --> 00:02:04,562 under President Abacha, 44 00:02:04,586 --> 00:02:08,064 and it just so happens he's a convicted money launderer too. 45 00:02:08,088 --> 00:02:10,306 We've spent a great deal of time 46 00:02:10,330 --> 00:02:12,707 investigating a $1 billion -- 47 00:02:12,731 --> 00:02:14,470 that's right, a $1 billion — 48 00:02:14,494 --> 00:02:17,131 oil deal that he was involved with, 49 00:02:17,155 --> 00:02:19,083 and what we found was pretty shocking, 50 00:02:19,107 --> 00:02:21,849 but more about that later. 51 00:02:21,873 --> 00:02:25,366 So it's easy to think that corruption happens 52 00:02:25,390 --> 00:02:27,226 somewhere over there, 53 00:02:27,250 --> 00:02:29,682 carried out by a bunch of greedy despots 54 00:02:29,706 --> 00:02:31,706 and individuals up to no good in countries 55 00:02:31,730 --> 00:02:34,714 that we, personally, may know very little about 56 00:02:34,738 --> 00:02:36,403 and feel really unconnected to 57 00:02:36,427 --> 00:02:39,891 and unaffected by what might be going on. 58 00:02:39,915 --> 00:02:43,134 But does it just happen over there? 59 00:02:43,158 --> 00:02:46,413 Well, at 22, I was very lucky. 60 00:02:46,437 --> 00:02:49,194 My first job out of university 61 00:02:49,218 --> 00:02:53,178 was investigating the illegal trade in African ivory. 62 00:02:53,202 --> 00:02:57,407 And that's how my relationship with corruption really began. 63 00:02:57,431 --> 00:03:00,415 In 1993, with two friends who were colleagues, 64 00:03:00,439 --> 00:03:03,218 Simon Taylor and Patrick Alley, 65 00:03:03,242 --> 00:03:06,819 we set up an organization called Global Witness. 66 00:03:06,843 --> 00:03:09,569 Our first campaign was investigating the role 67 00:03:09,593 --> 00:03:13,875 of illegal logging in funding the war in Cambodia. 68 00:03:13,899 --> 00:03:16,918 So a few years later, and it's now 1997, 69 00:03:16,942 --> 00:03:21,679 and I'm in Angola undercover investigating blood diamonds. 70 00:03:21,703 --> 00:03:23,406 Perhaps you saw the film, 71 00:03:23,430 --> 00:03:25,097 the Hollywood film "Blood Diamond," 72 00:03:25,121 --> 00:03:26,674 the one with Leonardo DiCaprio. 73 00:03:26,698 --> 00:03:30,129 Well, some of that sprang from our work. 74 00:03:30,153 --> 00:03:32,845 Luanda, it was full of land mine victims 75 00:03:32,869 --> 00:03:35,025 who were struggling to survive on the streets 76 00:03:35,049 --> 00:03:38,113 and war orphans living in sewers under the streets, 77 00:03:38,137 --> 00:03:40,202 and a tiny, very wealthy elite 78 00:03:40,226 --> 00:03:43,421 who gossiped about shopping trips to Brazil and Portugal. 79 00:03:43,445 --> 00:03:46,182 And it was a slightly crazy place. 80 00:03:46,206 --> 00:03:49,866 So I'm sitting in a hot and very stuffy hotel room 81 00:03:49,890 --> 00:03:52,926 feeling just totally overwhelmed. 82 00:03:52,950 --> 00:03:55,282 But it wasn't about blood diamonds. 83 00:03:55,306 --> 00:03:58,184 Because I'd been speaking to lots of people there 84 00:03:58,208 --> 00:04:00,552 who, well, they talked about a different problem: 85 00:04:00,576 --> 00:04:03,973 that of a massive web of corruption on a global scale 86 00:04:03,997 --> 00:04:07,307 and millions of oil dollars going missing. 87 00:04:07,331 --> 00:04:09,768 And for what was then a very small organization 88 00:04:09,792 --> 00:04:11,916 of just a few people, 89 00:04:11,940 --> 00:04:14,658 trying to even begin to think how we might tackle that 90 00:04:14,682 --> 00:04:17,129 was an enormous challenge. 91 00:04:17,153 --> 00:04:18,677 And in the years that I've been, 92 00:04:18,701 --> 00:04:21,232 and we've all been campaigning and investigating, 93 00:04:21,255 --> 00:04:23,495 I've repeatedly seen that what makes corruption 94 00:04:23,519 --> 00:04:25,763 on a global, massive scale possible, 95 00:04:25,787 --> 00:04:28,897 well it isn't just greed or the misuse of power 96 00:04:28,921 --> 00:04:31,336 or that nebulous phrase "weak governance." 97 00:04:31,360 --> 00:04:33,373 I mean, yes, it's all of those, 98 00:04:33,397 --> 00:04:36,325 but corruption, it's made possible by the actions 99 00:04:36,349 --> 00:04:39,946 of global facilitators. 100 00:04:39,970 --> 00:04:43,136 So let's go back to some of those people I talked about earlier. 101 00:04:43,160 --> 00:04:44,653 Now, they're all people we've investigated, 102 00:04:44,677 --> 00:04:47,439 and they're all people who couldn't do what they do alone. 103 00:04:47,463 --> 00:04:49,879 Take Obiang junior. Well, he didn't end up 104 00:04:49,903 --> 00:04:53,718 with high-end art and luxury houses without help. 105 00:04:53,742 --> 00:04:55,893 He did business with global banks. 106 00:04:55,917 --> 00:04:59,732 A bank in Paris held accounts of companies controlled by him, 107 00:04:59,756 --> 00:05:02,130 one of which was used to buy the art, 108 00:05:02,154 --> 00:05:04,771 and American banks, well, they funneled 109 00:05:04,795 --> 00:05:07,707 73 million dollars into the States, 110 00:05:07,731 --> 00:05:11,806 some of which was used to buy that California mansion. 111 00:05:11,830 --> 00:05:14,714 And he didn't do all of this in his own name either. 112 00:05:14,738 --> 00:05:16,468 He used shell companies. 113 00:05:16,492 --> 00:05:18,802 He used one to buy the property, and another, 114 00:05:18,826 --> 00:05:20,888 which was in somebody else's name, 115 00:05:20,912 --> 00:05:24,886 to pay the huge bills it cost to run the place. 116 00:05:24,910 --> 00:05:27,114 And then there's Dan Etete. 117 00:05:27,138 --> 00:05:29,196 Well, when he was oil minister, 118 00:05:29,220 --> 00:05:34,326 he awarded an oil block now worth over a billion dollars 119 00:05:34,350 --> 00:05:37,160 to a company that, guess what, yeah, 120 00:05:37,184 --> 00:05:39,543 he was the hidden owner of. 121 00:05:39,567 --> 00:05:42,945 Now, it was then much later traded on 122 00:05:42,969 --> 00:05:45,541 with the kind assistance of the Nigerian government -- 123 00:05:45,565 --> 00:05:47,623 now I have to be careful what I say here — 124 00:05:47,647 --> 00:05:51,772 to subsidiaries of Shell and the Italian Eni, 125 00:05:51,796 --> 00:05:54,426 two of the biggest oil companies around. 126 00:05:54,450 --> 00:05:56,879 So the reality is, is that the engine of corruption, 127 00:05:56,903 --> 00:05:59,322 well, it exists far beyond the shores of countries 128 00:05:59,346 --> 00:06:02,521 like Equatorial Guinea or Nigeria or Turkmenistan. 129 00:06:02,545 --> 00:06:04,845 This engine, well, it's driven 130 00:06:04,869 --> 00:06:07,211 by our international banking system, 131 00:06:07,235 --> 00:06:09,754 by the problem of anonymous shell companies, 132 00:06:09,778 --> 00:06:12,136 and by the secrecy that we have afforded 133 00:06:12,160 --> 00:06:15,105 big oil, gas and mining operations, 134 00:06:15,129 --> 00:06:18,838 and, most of all, by the failure of our politicians 135 00:06:18,862 --> 00:06:20,913 to back up their rhetoric and do something 136 00:06:20,937 --> 00:06:25,905 really meaningful and systemic to tackle this stuff. 137 00:06:25,929 --> 00:06:27,916 Now let's take the banks first. 138 00:06:27,940 --> 00:06:30,250 Well, it's not going to come as any surprise 139 00:06:30,274 --> 00:06:34,562 for me to tell you that banks accept dirty money, 140 00:06:34,586 --> 00:06:39,106 but they prioritize their profits in other destructive ways too. 141 00:06:39,130 --> 00:06:42,213 For example, in Sarawak, Malaysia. 142 00:06:42,237 --> 00:06:45,852 Now this region, it has just five percent 143 00:06:45,876 --> 00:06:51,268 of its forests left intact. Five percent. 144 00:06:51,292 --> 00:06:52,603 So how did that happen? 145 00:06:52,627 --> 00:06:55,659 Well, because an elite and its facilitators 146 00:06:55,683 --> 00:06:57,833 have been making millions of dollars 147 00:06:57,857 --> 00:07:01,364 from supporting logging on an industrial scale 148 00:07:01,388 --> 00:07:03,770 for many years. 149 00:07:03,794 --> 00:07:06,024 So we sent an undercover investigator in 150 00:07:06,048 --> 00:07:09,614 to secretly film meetings with members of the ruling elite, 151 00:07:09,638 --> 00:07:12,945 and the resulting footage, well, it made some people very angry, 152 00:07:12,969 --> 00:07:15,195 and you can see that on YouTube, 153 00:07:15,219 --> 00:07:17,172 but it proved what we had long suspected, 154 00:07:17,196 --> 00:07:20,669 because it showed how the state's chief minister, 155 00:07:20,693 --> 00:07:22,579 despite his later denials, 156 00:07:22,603 --> 00:07:25,978 used his control over land and forest licenses 157 00:07:26,002 --> 00:07:29,009 to enrich himself and his family. 158 00:07:29,033 --> 00:07:33,608 And HSBC, well, we know that HSBC bankrolled 159 00:07:33,632 --> 00:07:35,617 the region's largest logging companies 160 00:07:35,641 --> 00:07:38,022 that were responsible for some of that destruction 161 00:07:38,046 --> 00:07:40,609 in Sarawak and elsewhere. 162 00:07:40,633 --> 00:07:44,317 The bank violated its own sustainability policies in the process, 163 00:07:44,341 --> 00:07:48,137 but it earned around 130 million dollars. 164 00:07:48,161 --> 00:07:50,473 Now shortly after our exposé, 165 00:07:50,497 --> 00:07:53,075 very shortly after our exposé earlier this year, 166 00:07:53,099 --> 00:07:56,079 the bank announced a policy review on this. 167 00:07:56,103 --> 00:07:58,665 And is this progress? Maybe, 168 00:07:58,689 --> 00:08:01,168 but we're going to be keeping a very close eye 169 00:08:01,192 --> 00:08:03,505 on that case. 170 00:08:03,529 --> 00:08:06,918 And then there's the problem of anonymous shell companies. 171 00:08:06,942 --> 00:08:09,747 Well, we've all heard about what they are, I think, 172 00:08:09,771 --> 00:08:12,243 and we all know they're used quite a bit 173 00:08:12,267 --> 00:08:14,829 by people and companies who are trying to avoid 174 00:08:14,853 --> 00:08:17,876 paying their proper dues to society, 175 00:08:17,900 --> 00:08:19,929 also known as taxes. 176 00:08:19,953 --> 00:08:22,838 But what doesn't usually come to light 177 00:08:22,862 --> 00:08:27,388 is how shell companies are used to steal 178 00:08:27,412 --> 00:08:30,760 huge sums of money, transformational sums of money, 179 00:08:30,784 --> 00:08:32,806 from poor countries. 180 00:08:32,830 --> 00:08:36,226 In virtually every case of corruption that we've investigated, 181 00:08:36,250 --> 00:08:38,438 shell companies have appeared, 182 00:08:38,462 --> 00:08:40,798 and sometimes it's been impossible to find out 183 00:08:40,822 --> 00:08:44,310 who is really involved in the deal. 184 00:08:44,334 --> 00:08:46,638 A recent study by the World Bank 185 00:08:46,662 --> 00:08:49,588 looked at 200 cases of corruption. 186 00:08:49,612 --> 00:08:52,678 It found that over 70 percent of those cases 187 00:08:52,702 --> 00:08:55,632 had used anonymous shell companies, 188 00:08:55,656 --> 00:08:59,014 totaling almost 56 billion dollars. 189 00:08:59,038 --> 00:09:01,276 Now many of these companies were in America 190 00:09:01,300 --> 00:09:02,586 or the United Kingdom, 191 00:09:02,610 --> 00:09:04,987 its overseas territories and Crown dependencies, 192 00:09:05,011 --> 00:09:07,241 and so it's not just an offshore problem, 193 00:09:07,265 --> 00:09:09,533 it's an on-shore one too. 194 00:09:09,557 --> 00:09:11,672 You see, shell companies, they're central 195 00:09:11,696 --> 00:09:14,926 to the secret deals which may benefit wealthy elites 196 00:09:14,950 --> 00:09:17,950 rather than ordinary citizens. 197 00:09:17,974 --> 00:09:21,196 One striking recent case that we've investigated 198 00:09:21,220 --> 00:09:24,172 is how the government in the Democratic Republic of Congo 199 00:09:24,196 --> 00:09:28,529 sold off a series of valuable, state-owned mining assets 200 00:09:28,553 --> 00:09:31,883 to shell companies in the British Virgin Islands. 201 00:09:31,907 --> 00:09:34,155 So we spoke to sources in country, 202 00:09:34,179 --> 00:09:37,191 trawled through company documents and other information 203 00:09:37,215 --> 00:09:41,246 trying to piece together a really true picture of the deal. 204 00:09:41,270 --> 00:09:44,071 And we were alarmed to find that these shell companies 205 00:09:44,095 --> 00:09:46,587 had quickly flipped many of the assets on 206 00:09:46,611 --> 00:09:50,808 for huge profits to major international mining companies 207 00:09:50,832 --> 00:09:53,171 listed in London. 208 00:09:53,195 --> 00:09:56,427 Now, the Africa Progress Panel, led by Kofi Annan, 209 00:09:56,451 --> 00:09:59,315 they've calculated that Congo may have lost 210 00:09:59,339 --> 00:10:04,419 more than 1.3 billion dollars from these deals. 211 00:10:04,443 --> 00:10:06,672 That's almost twice 212 00:10:06,696 --> 00:10:12,312 the country's annual health and education budget combined. 213 00:10:12,336 --> 00:10:14,938 And will the people of Congo, will they ever get their money back? 214 00:10:14,962 --> 00:10:16,596 Well, the answer to that question, 215 00:10:16,620 --> 00:10:18,490 and who was really involved and what really happened, 216 00:10:18,514 --> 00:10:20,993 well that's going to probably remain locked away 217 00:10:21,017 --> 00:10:24,142 in the secretive company registries of the British Virgin Islands 218 00:10:24,166 --> 00:10:28,976 and elsewhere unless we all do something about it. 219 00:10:29,000 --> 00:10:31,963 And how about the oil, gas and mining companies? 220 00:10:31,987 --> 00:10:34,677 Okay, maybe it's a bit of a cliché to talk about them. 221 00:10:34,701 --> 00:10:36,797 Corruption in that sector, no surprise. 222 00:10:36,821 --> 00:10:41,230 There's corruption everywhere, so why focus on that sector? 223 00:10:41,254 --> 00:10:43,430 Well, because there's a lot at stake. 224 00:10:43,454 --> 00:10:47,527 In 2011, natural resource exports 225 00:10:47,551 --> 00:10:51,039 outweighed aid flows by almost 19 to one 226 00:10:51,063 --> 00:10:55,462 in Africa, Asia and Latin America. Nineteen to one. 227 00:10:55,486 --> 00:10:59,099 Now that's a hell of a lot of schools and universities 228 00:10:59,123 --> 00:11:01,076 and hospitals and business startups, 229 00:11:01,100 --> 00:11:03,434 many of which haven't materialized and never will 230 00:11:03,458 --> 00:11:07,765 because some of that money has simply been stolen away. 231 00:11:07,789 --> 00:11:10,170 Now let's go back to the oil and mining companies, 232 00:11:10,194 --> 00:11:13,186 and let's go back to Dan Etete and that $1 billion deal. 233 00:11:13,210 --> 00:11:16,475 And now forgive me, I'm going to read the next bit 234 00:11:16,499 --> 00:11:18,772 because it's a very live issue, and our lawyers 235 00:11:18,796 --> 00:11:20,962 have been through this in some detail 236 00:11:20,986 --> 00:11:24,272 and they want me to get it right. 237 00:11:24,296 --> 00:11:28,445 Now, on the surface, the deal appeared straightforward. 238 00:11:28,469 --> 00:11:30,545 Subsidiaries of Shell and Eni 239 00:11:30,569 --> 00:11:33,519 paid the Nigerian government for the block. 240 00:11:33,543 --> 00:11:35,682 The Nigerian government transferred 241 00:11:35,706 --> 00:11:38,506 precisely the same amount, to the very dollar, 242 00:11:38,530 --> 00:11:43,121 to an account earmarked for a shell company 243 00:11:43,145 --> 00:11:45,247 whose hidden owner was Etete. 244 00:11:45,271 --> 00:11:48,636 Now, that's not bad going for a convicted money launderer. 245 00:11:48,660 --> 00:11:50,093 And here's the thing. 246 00:11:50,117 --> 00:11:51,970 After many months of digging around 247 00:11:51,994 --> 00:11:55,505 and reading through hundreds of pages of court documents, 248 00:11:55,529 --> 00:11:57,460 we found evidence that, in fact, 249 00:11:57,484 --> 00:12:00,889 Shell and Eni had known that the funds 250 00:12:00,913 --> 00:12:03,964 would be transferred to that shell company, 251 00:12:03,988 --> 00:12:07,671 and frankly, it's hard to believe they didn't know 252 00:12:07,695 --> 00:12:10,962 who they were really dealing with there. 253 00:12:10,986 --> 00:12:14,050 Now, it just shouldn't take these sorts of efforts 254 00:12:14,074 --> 00:12:16,579 to find out where the money in deals like this went. 255 00:12:16,603 --> 00:12:18,148 I mean, these are state assets. 256 00:12:18,172 --> 00:12:19,614 They're supposed to be used for the benefit 257 00:12:19,638 --> 00:12:21,347 of the people in the country. 258 00:12:21,371 --> 00:12:24,536 But in some countries, citizens and journalists 259 00:12:24,560 --> 00:12:26,560 who are trying to expose stories like this 260 00:12:26,584 --> 00:12:28,061 have been harassed and arrested 261 00:12:28,085 --> 00:12:32,516 and some have even risked their lives to do so. 262 00:12:32,540 --> 00:12:36,320 And finally, well, there are those who believe 263 00:12:36,344 --> 00:12:38,644 that corruption is unavoidable. 264 00:12:38,668 --> 00:12:40,793 It's just how some business is done. 265 00:12:40,817 --> 00:12:43,358 It's too complex and difficult to change. 266 00:12:43,382 --> 00:12:46,285 So in effect, what? We just accept it. 267 00:12:46,309 --> 00:12:48,678 But as a campaigner and investigator, 268 00:12:48,702 --> 00:12:49,729 I have a different view, 269 00:12:49,753 --> 00:12:51,899 because I've seen what can happen 270 00:12:51,923 --> 00:12:54,453 when an idea gains momentum. 271 00:12:54,477 --> 00:12:57,197 In the oil and mining sector, for example, 272 00:12:57,221 --> 00:12:58,460 there is now the beginning 273 00:12:58,484 --> 00:13:01,709 of a truly worldwide transparency standard 274 00:13:01,733 --> 00:13:04,729 that could tackle some of these problems. 275 00:13:04,753 --> 00:13:07,151 In 1999, when Global Witness called 276 00:13:07,175 --> 00:13:10,490 for oil companies to make payments on deals transparent, 277 00:13:10,514 --> 00:13:14,279 well, some people laughed at the extreme naiveté 278 00:13:14,303 --> 00:13:16,382 of that small idea. 279 00:13:16,406 --> 00:13:19,952 But literally hundreds of civil society groups 280 00:13:19,976 --> 00:13:21,830 from around the world came together 281 00:13:21,854 --> 00:13:23,439 to fight for transparency, 282 00:13:23,463 --> 00:13:27,420 and now it's fast becoming the norm and the law. 283 00:13:27,444 --> 00:13:29,392 Two thirds of the value 284 00:13:29,416 --> 00:13:31,712 of the world's oil and mining companies 285 00:13:31,736 --> 00:13:35,483 are now covered by transparency laws. Two thirds. 286 00:13:35,507 --> 00:13:36,956 So this is change happening. 287 00:13:36,980 --> 00:13:38,846 This is progress. 288 00:13:38,870 --> 00:13:41,969 But we're not there yet, by far. 289 00:13:41,993 --> 00:13:44,215 Because it really isn't about corruption 290 00:13:44,239 --> 00:13:46,330 somewhere over there, is it? 291 00:13:46,354 --> 00:13:48,535 In a globalized world, corruption 292 00:13:48,559 --> 00:13:50,798 is a truly globalized business, 293 00:13:50,822 --> 00:13:52,913 and one that needs global solutions, 294 00:13:52,937 --> 00:13:56,913 supported and pushed by us all, as global citizens, 295 00:13:56,937 --> 00:13:58,075 right here. 296 00:13:58,099 --> 00:13:59,265 Thank you. 297 00:13:59,289 --> 00:14:06,105 (Applause)