Some of it is old news.
http://www.democraticunderground.com/cgi-bin/duforum/duboard.cgi?az=show_thread&om=6059&forum=DCForumID70&omm=1No links, these are in a subscription news service:
Dallas Morning News Dec. 10 1990:
"Southwest Airport Services Inc. was paid 7,200 percent more than the government's original contract estimate between October 1986 and October 1988. One of Southwest Airport Services' owners is James R. Bath, who has connections to U.S. Sen. Lloyd Bentsen's son, Lan Bentsen, and to the President's son George W. Bush. Mr. Bath and the younger Bentsen have been business partners, but there is no indication that the Bentsens or the Bushes have financial ties to the firm. Mr. Bath declined to comment for the article...Pete Schmidt, an economic policy analyst with the Defense Budget Project, another nonprofit research organization in Washington, was skeptical. "I don't want to say it sounds fishy; it's just hard to understand how the Defense Department could consistently underestimate by so much,' Mr. Schmidt said."
I'm sure you have this:
Wall Street Journal Dec. 6 1991:
"Among George W.'s investors was James R. Bath, a Houston aircraft broker who had a flourishing aviation business with sheiks of the Saudi peninsula. Mr. Bath owned a piece of a Houston bank in which Mr. Pharaon, the BCCI front man, had been a controlling shareholder. Mr. Bath also invested money in the U.S. for Mr. bin-Mahfouz, the Saudi banker who would go on to become a leading shareholder in BCCI. According to Mr. Bath's personal financial statements, produced in unrelated litigation, Mr. Bath invested $50,000 with George W. Bush, becoming a 5% partner in Arbusto. Mr. Bush says he was aware Mr. Bath was representing Saudi investors but that at the time "had never heard of BCCI."
Houston Chronicle June 4 1992:
"Federal authorities are investigating the activities of a Houston businessman -- a past investor in companies controlled by a son of President Bush -- who has been accused of illegally representing Saudi interests in the United States. The Financial Crimes Enforcement Network -- known as FinCEN -- and the FBI are reviewing accusations that entrepreneur James R. Bath guided money to Houston from Saudi investors who wanted to influence U.S. policy under the Reagan and Bush administrations, sources close to the investigations say. FinCEN, a division of the U.S. Department of Treasury, investigates money laundering. Special agents and analysts from various law enforcement agencies, including the Internal Revenue Service and the U.S. Customs Service, are assigned to work with the FinCEN staff. The federal review stems in part from court documents obtained through litigation by Bill White, a former real estate business associate of Bath. White contends the documents indicate that the Saudis were using Bath and their huge financial resources to influence U.S. policy. Such representation by Bath would require that he be registered as a foreign agent with the U.S. Department of Justice. In general, people required by law to be registered are those who represent a foreign entity seeking to influence governmental action or policy.
An Annapolis graduate and former Navy fighter pilot, White, 46, claims that Bath and the judicial system, under the veil of national security, have blackballed him professionally and financially because he has refused to keep quiet about what he regards as a conspiracy to secretly funnel Saudi dollars to the United States. White became entangled in a series of lawsuits and countersuits with Bath, who for some six years has prevailed in the courts. White says the legal action has financially devasted him and Venturcorp Inc., the real estate development company in which he and Bath were partners. In sworn depositions, Bath said he represented four prominent Saudis as a trustee and that he would use his name on their investments. In return, he said, he would receive a 5 percent interest in their deals.
(George W.)Bush said that to his knowledge, Bath's investment was from personal funds, and no Saudi money was invested in Arbusto. Bath, 55, a former U.S. Air Force pilot, declined to comment for the record. Spokesmen for FinCEN and the FBI also declined to comment. According to a 1976 trust agreement, drawn shortly after Bush was appointed director of the Central Intelligence Agency, Saudi Sheik Salem M. Binladen appointed Bath as his business representative in Houston. Binladen, along with his brothers, owns Binladen Brothers Construction, one of the largest construction companies in the Middle East. According to White, Bath told him that he had assisted the CIA in a liaison role with Saudi Arabia since 1976. Bath has previously denied having worked for the CIA. In a sworn deposition, Bath said he was the sole director of Skyway Aircraft Leasing Ltd., a company that a court document shows is owned by Khaled bin Mahfouz. Bin Mahfouz had been a major shareholder in the Bank of Credit and Commerce International, a banking empire that has been accused of money laundering and of using Mideast oil money to seek ties to political leaders in several countries. Mahfouz and his family own the National Commercial Bank of Saudi Arabia. In 1990, Bath bought the Express Auto Park garage at Hobby Airport for $8.4 million, which included a $1.4 million loan provided by Mahfouz, according to transaction documents. Bath received a 5 percent interest in the companies that own and operate Houston Gulf Airport after purchasing it on behalf of Binladen in 1977. After Binladen died in 1988, his interests in the airport were taken over by Mahfouz, according to court documents.
Houston Chronicle Sept 10 1994
A key figure in the world's largest banking scandal is participating in an attempt to take control of a major city of Houston aviation contractor, according to a lawsuit filed in federal court here. National Commercial Bank-Jeddah, Saudi Arabia (NCB), which is controlled by the family of Sheik Khalid Bin Mahfouz, has claimed rights to 90 percent of the outstanding shares of Southwest Airport Services, according to documents accompanying the lawsuit filed by Sandra C. Bath, president of Southwest Airport Services.
Southwest Airport Services provides fuel and other services for general aviation aircraft at the city-owned Ellington Field. The company also provides fuel to NASA and transient military aircraft, and to Air Force One, the president's plane, when it comes to Houston. Bath filed the lawsuit against the bank and her former husband, James R. Bath, a local entrepreneur.
""Mr. Mahfouz, as owner of National Commercial Bank, hopes to accommodate Mr. Bath's desire to assume control of Southwest Airport Services Inc., and treat it as his personal piggy-bank as he has done over the preceding several years,'' says the lawsuit."
The Times of India Sept 25 2001
(This is a bit off topic but interesting. News you don't find in the USA)
"LONDON: A 30-year-old photograph of Osama bin Laden, wearing purple flared trousers, a skinny-rib jumper and leaning against a pink Cadillac, that enduring symbol of America, is being hawked around by a Swedish picture agency at 1,000 pounds a copy. Meanwhile, Western security agencies are reported to believe that one of the hijackers who flew into the World Trade Centre (WTC) was part of the team that seized Indian Airlines flight IC 814 from Kathmandu, and took it to Kandahar in 1999.
The paper said Mughniyeh's whereabouts are likely to be raised with the Iranian government by British foreign secretary Jack Straw during his ongoing visit to Teheran. Mughniyeh, who has proven expertise in hijackings, is especially prone to using pocket knives and scissors in hijacks, rather than guns. The paper recalled that the Indian Airlines hijack was accomplished by a similarly-armed gang, who stabbed 25-year-old Rupin Katiyal, while other passengers were ordered to watch him bleed to death. It said that intelligence officers discerned the same pattern in the American hijackings, with a stewardess and a business-class passenger being stabbed on the flight that crashed in rural Pennsylvania. The other passengers were told to keep watching.
Investigators say Mughniyeh is linked to Bin Laden's Al-Qaeda network, through the leader of the Egyptian Islamic Jihad, Dr Ayman al-Zawahiri, who is known to be close to Bin Laden. But even as intelligence agencies investigate the extent of Bin Laden's links with terrorist outfits around the world, the West is digesting quite a different image of the young boy through a family photograph, taken in the Swedish town of Falun in the summer of 1971. The photograph, which appeared in several British tabloids on Monday, accompanies media revelations that not only was the young Bin Laden fairly Westernised before he embraced Islamist radicalism, he also had a close family link with American President George W. Bush. The paper said that Salem, who died in a plane crash in 1983, became Bush's business partner through James Bath, a close friend of the future American president.
Salem, says the paper, appointed Bath as his representative in Houston, Texas. It was Bath who invested 50,000 dollars in BushAes company and also bought Houston Gulf Airport on behalf of Osama's elder brother. The paper said a White House spokesman was unavailable for comment on the subject on Sunday night. The Swedish owner of the hotel Osama Bin Laden stayed at all those years ago, is quoted to say "they (Osama and Salem) were such nice boys, beautiful boys, so elegantly dressed. Everybody loved them". She added that the innocent young Osama often played with her two sons."
The Wall Street Journal, Sept 28 1999:
"Mr. Bath's interesting connections to Saudi Arabia go back to at least 1976. It was then, according to a report in the Houston Chronicle, that Salem bin Laden, heir to one of the largest building companies in the Middle East, signed a trust agreement appointing Mr. Bath his Houston representative. (Salem bin Laden's half-brother, Osama bin Laden, has in recent years gained world-wide notoriety as a funder of fundamentalist terrorism, though he has reportedly broken with his family in Saudi Arabia). Court documents show that Mr. Bath purchased an airfield in south Texas, Houston Gulf Airport, in 1978 on behalf of Salem bin Laden. Mr. bin Laden died in a plane crash near San Antonio in 1988, and his interest in the airfield passed to Mr. bin Mahfouz, according to the Chronicle. Mr. Bath later founded Southwest Airport Services to manage Houston Gulf Airport and also to provide fueling service at another Houston-area airport, Ellington Field, where the company fueled military aircraft. Mr. Bath also was the president of Skyway Aircraft Leasing Ltd., a Cayman Islands-registered company that acted as a supplier of large passenger and cargo jets. According to a court document cited by the Houston Chronicle, and to someone familiar with Skyway's operation who spoke recently to the Journal, the true owner was Mr. bin Mahfouz. Mr. Bath did not respond to requests for an interview.
Questioned by the Houston Post in 1990, Mr. Bush said he had "never done any business" with Mr. Bath, but that Mr. Bath was "a lot of fun." Last month, Ms. Hughes, the Bush spokeswoman, said that other than the Arbusto investment, "Gov. Bush did not have any other financial dealings with Mr. Bath." She said Gov. Bush has seen Mr. Bath once or twice at social events over the past six years. A review of the Bush record as governor finds few traces of the past financial connections reviewed above. The one exception might be the January appointment of Kem Thompson Frost, a lawyer who has represented Mr. Bath, to the Texas 14th Court of Appeals. Ms. Frost's law firm, Winstead, Sechrest & Minick, has contributed to Mr. Bush's gubernatorial and presidential campaigns an amount that "exceeds $50,000," according to Texans for Public Justice, a campaign-finance monitor. In a brief telephone interview, Judge Frost said her work for Mr. Bath "ended in the early 1990s." She added that she had "never met Gov. Bush, never discussed Mr. Bath with any of his representatives, and filled out a standard judicial application."
If he wins the presidency, Mr. Bush would have great direct and indirect influence over issues of more moment to his past associates -- such as relations with Saudi Arabia. Issues of law enforcement also are particularly sensitive, as we've seen in the Clinton administration. Mr. bin Mahfouz has never been explicitly banned from U.S. banking, for example, and has vigorously tried to rehabilitate his reputation -- at one point enlisting the aid of Harvard Law Prof. Laurence Tribe to write a 38-page report denouncing BCCI prosecutors for "scapegoating" the Saudi banker. More recently, Mr. bin Mahfouz was ousted as head of National Commercial Bank in a murky power play reportedly engineered by the Saudi Arabian Monetary Agency. A family representative says Mr. bin Mahfouz then confined himself to a military hospital for treatment of drug abuse; his wife and sons still maintain a substantial stake in the bank.
Any president has to balance his public duties with his inevitable private associations. Mr. Bush has collected a rather rich assortment of connections in his career as the son of a man who was president, vice president and director of the Central Intelligence Agency. His personal financial position seems secure, thanks in no small way to friends of his father. This is of course no disqualification from serving as president. Indeed, a charitable voter might consider it a plus, on the assumption that the experience has taught him some lessons and he has learned something about when to keep a healthy distance.
Washington Post Sept 26 2001:
"* The White House is vehemently denying recent reports by various foreign news outlets that Saudi construction mogul Salem bin Laden, the eldest brother of Osama bin Laden, was in the late 1970s an early investor -- to the tune of $50,000 -- in then-oilman George W. Bush's Arbusto Energy Co. A presidential spokesman told us yesterday that Bush's pal James Bath, identified by these reports as Salem bin Laden's Houston business rep, put his own money into Arbusto. The elder bin Laden died in 1988, and our attempts to reach Bath were unsuccessful yesterday.
Sunday Herald Oct 7 2001
"Bush's lifelong friend James Bath acted as a representative in Texas for Osama's older brother, Salem, between 1976 and 1988. Bath bought real estate for the family, including Houston Gulf Airport.)Other companies and organisations connected to the Binladin Group family business include General Electric - the most valuable US company - and Citigroup, the biggest US bank, as well as Motorola, Quaker, Nortel, Unilever, Cadbury Schweppes and the investment bank ABN Amro. Judicial Watch, the Washington DC legal watchdog, said any company dealing with the Binladin Group was "disloyal to the US". The UK mobile phone group, Multitone, suspended business with the Binladin Group immediately after the September 11 attacks.)Then there are the academic institutions linked to the family. Dale Eickelman is the current bin Laden visiting fellow at Oxford University's Centre for Islamic Studies, which is financed to the tune of $150,000 ((pounds) 100,000) by Osama's family. Harvard University has fellowships endowed by the family worth $2m ((pounds) 1.35m), and Tufts University in America received $300,000 ((pounds) 200,000) from the bin Ladens.))The irony of the bin Laden network is hard to miss. A few years ago, when Saudi Arabia was in fear of attacks on its soil by al-Qaeda, signs outside Prince Sultan Air Base, where US service personnel are stationed, read: "Security upgrades by Binladin Group". The same signs were in Aden last year when FBI agents arrived to investigate the bombing of the USS Cole. The bin Ladens, it seems, are on both sides of the terrorist war. He blows things up and his family rebuild them.)"
The Plain Dealer Nov 11 2001
"President George W. Bush himself has been a beneficiary of Carlyle's largesse. In 1990, before the younger Bush ran for governor of Texas, Carlyle put him on the board of directors of its subsidiary Caterair, an airline catering company. The younger Bush also had a tenuous connection to the bin Laden family. In 1979, James Bath, a close friend, gave Bush $50,000 for a 5 percent stake in Arbusto Energy, Bush's first business. Bath was the U.S. business representative for Salem bin Laden, one of Osama's brothers, who headed the family's business enterprises. It has been speculated that Bath invested the bin Ladens' money, but the White House recently denied this, saying Bath invested his own money. As governor, Bush appointed the board that managed the Texas teachers pension fund. Last November, the board voted to invest $100 million in Carlyle. The University of Texas has invested $15.6 million in funds managed by the Carlyle Group."