378.19 // Hutt Clans co-ordinate buyouts of Republic enterprises along border
The Hutt Clans, though often disorganized and fractious, have coordinated a systematic buyout of industries within their closest border of the Republic, ‘buying out’ several business owners who have been rapidly losing profits since the crash of the Republic Stock Market, and following Recession.
The Hutt Clan of Wudo, led by Shocher, appears to be the largest culprit, as the territories controlled by the Clan directly border Republic space. An estimated 5 billion credits have been expended in this rapid buyout of Republic Arms manufacturing, steel manufacturing and other heavy industry, as well as farming plantations and private docking bays.
The Republic Governor of the Hutt Space, Laa’ken Ruun, denounced the action as ‘unprecedented economic sabotage’, yet the Republic Government has no intention of publicly commenting on the issue, as Holonews sources indicate the Republic Government is too busy wrapped up in dealing with serious civil disorder concerning the Vohai massacre and ‘anti-corruption’ charges against the Republic.