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Senator says bin Laden had accounts in bank shut down in fraud scandal (BCCI)
AP via MSNBC ^ | 09/27/2001

Posted on 09/27/2001 9:49:24 AM PDT by Pokey78

Investigators have learned that Osama bin Laden was among those with accounts in a bank shut down in 1991 in one of the world’s biggest banking scandals, Sen. John Kerry said Wednesday. The Bank of Credit and Commerce International was closed after bank regulators around the globe linked it to fraud, theft, secret weapons deals, terrorist financing and drug-money laundering. Investigators didn’t know it at the time, but it turns out bin Laden had accounts at BCCI, said Kerry, a Massachusetts Democrat who led an investigation into the Third World bank. The BCCI-bin Laden tie was first reported by's Christopher Byron Tuesday.

“WE HAVE LEARNED SINCE from law enforcement and intelligence that when we shut it down, we dealt him a very serious economic blow because of the size of those accounts and his dependency on that flow,” Kerry said.

Saudi Arabian multimillionaire bin Laden and his al-Qaida network are the prime suspects in the Sept. 11 hijackings of four U.S. commercial jetliners and attacks on the World Trade Center and Pentagon.

U.S. officials are trying to trace the money behind bin Laden’s network, leading to a renewed push by Kerry and other lawmakers for tougher money laundering laws.

Kerry commented on BCCI’s link to bin Laden at a Senate Banking Committee hearing on money laundering legislation.

Arab terrorist Abu Nidal and Colombian cocaine cartels also were among the bank’s 1.3 million customers. Depositors lost millions of dollars when authorities seized BCCI’s assets.

TOPICS: Business/Economy; News/Current Events
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To: First_Salute've been very busy.

It's going to take me a while to digest all this.

I guess I wasn't so wrong about a sequel to JFK, was I?

41 posted on 09/28/2001 2:49:17 PM PDT by snopercod
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To: snopercod
42 posted on 09/28/2001 2:50:48 PM PDT by snopercod
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To: First_Salute
From Charles Smith now:
43 posted on 09/28/2001 2:52:55 PM PDT by flamefront
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To: First_Salute
What info do yu have on People for the American Way?? Is this Norman Lear's outfit??
44 posted on 09/28/2001 2:53:21 PM PDT by Ann Archy
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To: spudsmaki
Also, as I recall, Ramsey Clark (September 29th) was part of the BCCI Scandel.
45 posted on 09/28/2001 2:53:53 PM PDT by BunnySlippers
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To: snopercod

Is is just me, or do our HTML tags effect the preview?

I was noticing that the SPAN tag didn't work anymore as of yesterday, and now I know why. But what if I want a pink background? Sigh...more of our freedom down the drain...

46 posted on 09/28/2001 2:57:19 PM PDT by snopercod
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Well...I originally posted an article about National Homeland Defense being in the works for 2 years but I did not know about the rest of that stuff.

Thanks...I will do a search on it.

47 posted on 09/28/2001 7:27:36 PM PDT by Aerial
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To: rdavis84
thanx for the link.
48 posted on 09/29/2001 5:26:06 AM PDT by thinden
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To: flamefront
Byron pulls the usual leftist spin: One of Bush’s original partners in his oil company - which initially bore the name Arbusto Corp. — had been a fellow named James Bath.

James Bath was up to his eyeballs in the S&L shakedown.

BATH, JAMES: Houston airplane company owner; CIA asset; associated with Reza Pahlavi, son of the late Shah of Iran; business partner of LAN BENTSEN, son of former Texas Senator LLOYD BENTSEN; business partner of GEORGE W. BUSH; borrowed from looted LAMAR SAVINGS and MAINLAND SAVINGS.

More on Bath from THE MAFIA, THE CIA, AND GEORGE BUSH by Pete Brewton, concerning the S&L scandal:

BATH was born in 1936 in Natchitoches, Louisiana. He joined the Air Force, where he was a fighter pilot for five years. His service included three years stationed ay Richards-Gebaur Air Force Base south of Kansas City. When he left the Air Force, BATH moved to Houston, Texas, where he immediately began flying almost full time for the Air National Guard. While in the Air National Guard, BATH met GEORGE W. BUSH, and they became good friends. BATH also met LLOYD BENTSEN III, a son of the Democratic Senator from Texas while serving in the Air Guard.

After the Air Guard, BATH sold aircraft for BROWN AERO CORPORATION in Houston for three years, then took a position with ATLANTIC AVIATION CORPORATION to help open a Houston office for them. ATLANTIC AVIATION is headquartered in Wilmington, Delaware, and is reportedly the largest business-aircraft sales and service company in the world. It is owned by EDWARD DUPONT, the richest of the DUPONT family, active in Republican Party politics in Delaware and cousin of PIERRE ("PETE") DUPONT, former Delaware Governor. RICHARD C. DUPONT was on the board of ATLANTIC AVIATION and also owned the CIA-connected SUMMIT AVIATION.

While working with ATLANTIC AVIATION, BATH negotiated a distribution deal with ISRAEL AIRCRAFT INDUSTRIES (IAI), founded by ADOLF SCHWIMMER, and American-born Israeli arms dealer and special advisor to Israeli Prime Minister SHIMON PERES. SCHWIMMER and YAACOV NIMRODI, former Israeli Defense Attache to Tehran), ADNAN KHASHOGGI and others began devising ways to gain release of hostages being held in Lebanon and open dialogue with Iran. Through this group came the TOW missile shipments in the Fall of 1985.

In 1973, BATH quit ATLANTIC AVIATION, forming BATH/BENTSEN interests with LLOYD ("LAN") BENTSEN III. BATH/BENTSEN developed an apartment complex outside Houston, some airport hangars, and other real estate ventures. BENTSEN and BATH supposedly parted company in 1976, but BATH continued to use BATH/BENTSEN letterheads for correspondence up to 1990.

In 1976, BATH formed JIM BATH & ASSOCIATES, and was named trustee for SHEIKH SALEM BIN LADEN of Saudi Arabia, a member of the family that owns the largest construction company in the Middle East. BATH's job was to handle all of BIN LADEN's North American investments and operations. SALEM BIN LADEN is OSAMA BIN LADEN's half brother. SALEM BIN LADEN's father, MUHAMMED BIN LADEN, was a patient of the physician father of CIA-connected arms merchant ADNAN KHASHOGGI. MUHAMMED BIN LADEN got ADNAN KHASHOGGI involved in his first deal as a middle man. This was a truck sale that Khashoggi engineereed in the 1950s just as he returned from college in America. KHASHOGGI returned the $25,000 commission to MUHAMMED BIN LADEN, who returned it to KHASHOGGI.

Arab business started pouring into JIM BATH & ASSOCIATES. BATH became trustee for SHEIKH ABDULLAH BAROOM, the owner of a large Saudi cement and steel company. Then came the business of SHEIKH KHALID BIN MAHFOUTZ, the former CEO of National Commercial Bank, Saudi Arabia's biggest bank. SHEIKH KAHLID was CEO of National Commercial Bank until one week after he and HAROON KAHLOON were indicted in New York on charges they had schemed to defraud depositors, regulators, and auditors of the insolvent BANK OF CREDIT AND COMMERCE INTERNATIONAL (BCCI). The Federal Reserve Board than found that SHEIKH KAHLID had violated American banking laws in his attempt to acquire FIRST AMERICAN BANCSHARES, an affair that involved CLARK CLIFFORD) in concert with BCCI. SHEIKH KAHLID's assets in the United States were frozen.

CHARLES W. "BILL" WHITE, who graduated from the US NAVAL ACADEMY in the same class as OLIVER NORTH, became one of BATH's closest business associates. WHITE stated that BATH had told him that BATH was working for the CIA. BATH had been recruited in 1976 by GEORGE HERBERT WALKER BUSH when BUSH was CIA Director. BATH's job was to monitor Arab investments in the United States.

That's all for now.

49 posted on 09/29/2001 7:06:48 AM PDT by roughrider
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To: roughrider, thinden, Howlin
Just another friend (of Bush) noted here ---

This comes from an article, "Bush's Choice of EPA Advisers Signals Tilt Toward Industry" - "An Investigative Report of the Center for Public Integrity", whoever they are:-----

"Bob Grady, a bureaucrat-turned-venture capitalist, started out working at the gubernatorial and congressional level, became the chief speechwriter and senior adviser for the 1988 Bush-Quayle campaign, and then served in that administration's Office of Management and Budget. He now counts himself among the heavy hitters at the Carlyle Group, where he is a partner and managing director in venture capital. (Carlyle is headed by former Defense Secretary Frank Carlucci, who has recruited several ex-Reagan and Bush staffers, including former Secretary of State James Baker and past budget chief Richard Darman. Billionaire financier George Soros and members of the Mellon family are also partners.) Grady also gave $9,000 to various federal campaigns in the past two years, $1,000 of that directly to Bush."

50 posted on 09/29/2001 7:18:45 AM PDT by rdavis84
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To: Ann Archy
You asked about Evercore.

Have you not read the information --- replies to you --- above?

51 posted on 09/29/2001 8:46:30 AM PDT by First_Salute
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To: First_Salute, rdavis84, independentmind, thinden
Seems like a good thread to post the reminder that Robert Mueller III was roundly criticized from both sides of the aisle for his failure to properly pursue the BCCI investigation he headed while at DOJ. Most of what we know about BCCI came from British regulators and Robert Morgenthau's New York investigation rather than from our own DOJ.

Looks like maybe some pretty influential folks appreciated Mueller's foot-dragging.

52 posted on 09/29/2001 9:32:56 AM PDT by LSJohn
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To: LSJohn,snopercod
"It just gets better."
53 posted on 09/29/2001 9:48:16 AM PDT by First_Salute
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To: LSJohn,snopercod
I suppose the next thing we will "discover," is that Mr. Mueller, III, was actually THE F.B.I. point man on the Vince Foster death?
54 posted on 09/29/2001 9:49:29 AM PDT by First_Salute
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To: First_Salute
I suppose the next thing we will "discover," is that Mr. Mueller, III, was actually THE F.B.I. point man on the Vince Foster death?

Nah, just BCCI and that little event in Lockerbie, Scotland.

55 posted on 09/29/2001 9:53:14 AM PDT by LSJohn
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To: Aerial
I read your article. It is a ridiculous hit piece that alleges such a tangled web of acquaintances and business deals that it is difficult to follow and almost impossible to see the link to Bush. The only thing that I gleaned from this incredible jumble of information was that Clinton's friends the Stephens Co, from ARk, were linked to BCCI and possibly did business with Bin Laden.

The article was a waste of time.

56 posted on 09/29/2001 10:09:18 AM PDT by Eva
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To: Ann Archy,litany_of_lies

Did you read this page?

You keep asking about information, which is on this page.


Then do searches.

Connect the dots.


There is much more to Evercore than what is merely at THEIR website.

Do searches on the people.

William Daley is not merely on the stump.


Good luck to you both.

57 posted on 09/29/2001 4:31:26 PM PDT by First_Salute
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To: Eva
Well...thanks for your thoughts...Eva.
58 posted on 09/30/2001 2:34:37 AM PDT by Aerial
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To: Pokey78
Bump for daylight reading.
59 posted on 09/30/2001 2:48:17 AM PDT by fone
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To: fone
Well, this made my coffee bitter this morning.

Bump for the AM crowd...

60 posted on 09/30/2001 6:47:23 AM PDT by fone
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