The Bank of Credit and Commerce International scandal provides a roadmap into the Bush Organized Crime Family, what Danny Casolaro called the OCTOPUS. The BCCI scandal spreads its tentacles around the globe and across the worlds of espionage, money laundering, arms trafficking, drug smuggling, and political corruption.
BCCI was founded by a Pakistani with ties to ISI, funded by petrodollars from the UAE, SA and other Gulf states, and operated out of London, Luxembourg, Switzerland, the Caymans and just about every part of the world that needed the convenience of money laundering, no-questions-asked. The bank was used by dope dealers like Noriega, the Medellin drug cartel and Oliver North. BCCI was used by terrorists of the right and left, Oliver North, the KGB and the CIA. The bank also helped fund Banco Nazionale del Lavoro (BNL), which funneled US taxpayer dollars to Iraq.
What's scariest: BCCI also bribed its way into the highest reaches of power in whatever country it operated. In the USA, BCCI secretly owned a major US bank, fronted by Democratic superlawyer and counselor to presidents, Clark Clifford. No Democrat or Repug wanted to touch the bank, with the exception of Sen. John F. Kerry and a few other US government officials. Certainly the Reagan-Bush-Clinton Justice Departments wanted zero to do with scandal.
There's a great online overview at:
http://www.fas.org/irp/congress/1992_rpt/bcci/11intel.htmExcellent background and overview of BFEE malfeasance, post Reagan-Bush's 12-year reign of error:
http://www.copi.com/articles/pizzo_1.htmlThis isn't ancient history. The Iraqis used the money fronted to them by Reagan-Bush to build up a huge army. Moreover, they used Pruneface and Poppy's misappropriated US tax dollars to buy and build WMDs.
http://law.about.com/library/911/blnational.htmRegarding the books on BCCI are these titles:
"False Profits: The Inside Story of BCCI, the World's Most Corrupt Financial Empire" — by Peter Truell, Larry Gurwin (Contributor)
"A Full Service Bank: How Bcci Stole Billions Around the World " — by James Ring Adams, et al.
"The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI" — by Jonathan Beaty, S. C. Gwynne (Contributor)
"Dirty Money: BCCI, The Inside Story of the World's Sleaziest Bank" — by Mark Potts, et al
Bottom Line:
In BCCI's case, the bank pilfered its customers' money -- the legitimate, small-time customers' money -- to finance the nuclear program of Dr. Abdul Qadeer Khan of Pakistan. The Pakistani bomb technology is reported to have been shared with the Iranians and the North Koreans.
Small world. Who does that help? The Murkin military-industrial complex and their poster children, the BFEE. It makes them money and provides them power and that's about all they care about.
http://www.pakistan-facts.com/article.php/20040204181106258