As the bin Ladens struck it rich in the building industry, the bin Mahfouz clan turned a buck in the banking business, the Bank of Credit and Commerce International, especially. Then CIA-fellah Robert Gates called it the "Bank of Crooks and Criminals." He left of "Intelligence."
From our Friends at TruthOut.org:
Questions Linger About Bushes and BCCI By Lucy Komisar
Inter Press Service
Thursday 05 April 2007
New York - Now that the U.S. Congress is investigating the truth of President George W. Bush's statements about the Iraq war, they might look into one of his most startling assertions: that there was a link between Saddam Hussein and Osama bin Laden.
Critics dismissed that as an invention. They were wrong. There was a link, but not the one Bush was selling. The link between Hussein and Bin Laden was their banker, BCCI. But the link went beyond the dictator and the jihadist - it passed through Saudi Arabia and stretched all the way to George W. Bush and his father.
BCCI was the Bank of Credit and Commerce International, a dirty offshore bank that then-president Ronald Reagan's Central Intelligence Agency used to run guns to Hussein, finance Osama bin Laden, move money in the illegal Iran-Contra operation and carry out other "agency" black ops. The Bushes also benefited privately; one of the bank's largest Saudi investors helped bail out George W. Bush's troubled oil investments.
BCCI was founded in 1972 by a Pakistani banker, Agha Hasan Abedi, with the support of Sheik Zayed bin Sultan al Nahyan, ruler of Abu Dhabi and head of the United Arab Emirates. Its corporate strategy was money laundering. It became the banker for drug and arms traffickers, corrupt officials, financial fraudsters, dictators and terrorists.
The CIA used BCCI Islamabad and other branches in Pakistan to funnel some of the two billion dollars that Washington sent to Osama bin Laden's Mujahadeen to help fight the Soviets in Afghanistan. It moved the cash the Pakistani military and government officials skimmed from U.S. aid to the Mujahadeen. It also moved money as required by the Saudi intelligence services.
SNIP...
U.S. Congressman Henry Gonzalez held a hearing on BNL in 1992 during which he quoted from a confidential CIA document that said the agency had long been aware that the bank's headquarters was involved in the U.S. branch's Iraqi loans.
Kickbacks from 15 percent commissions on BNL-sponsored loans were channeled into bank accounts held for Iraqi leaders via BCCI offices in the Caymans as well as in offshore Luxembourg and Switzerland. BNL was a client of Kissinger Associates, and Henry Kissinger was on the bank's international advisory board, along with Brent Scowcroft, who would become George Bush Sr.'s national security advisor. That connection makes the Bush administration's surprise and indignation at "oil for food" payoffs in Iraq seem disingenuous.
CONTINUED...
http://www.truthout.org/docs_2006/printer_040607L.shtml Wherever there's money or oil or power,
we have Henry Kissinger.
Oh, yeah. And behind him, Poppy Bush.
PS: I'd h've thoaght this post would have more than one "Recommend."