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Questions Linger About Bush, Bin Laden And BCCI.

Analysis by Lucy Komisar

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.
http://www.informationclearinghouse.info/article17488.htm
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quote:
When the BCCI scandal began to break in the late 1980s, the Sr. Bush administration did what it could to sit on it. The Justice Department went after the culprits -- was virtually forced to -- only after New York District Attorney Robert Morgenthau did. But evidence about BCCI's broader links exist in numerous U.S. and international investigations. Now could be a good time to take another look at the BCCI-Osama-Saddam-Saudi-Bush connection. http://www.ipsnews.net/news.asp?idnews=37212

John Kerry was INSTRUMENTAL in the exposure of the BCCI Scandal. This is a pdf Copy of his report to Congress: http://www.fas.org/irp/congress/1992_rpt/bcci/
quote:
In 1988, John Kerry began an investigation of international drug connections as chairman of the Senate Subcommittee on Terrorism, Narcotics, and International Operations. He discovered that the Bank of Credit and Commerce International, a powerful global financial institution, was laundering drug money for Panamanian dictator Manuel Noriega and serving as a banker for some of the world's most notorious terrorists, criminals and despots, including Osama bin Laden and Saddaum Hussein.

Kerry met with opposition in Washington from powerful political figures in both parties. Even George H.W. Bush, whose son George W. Bush received $25 million BCCI loan for his oil businesses, pressured Kerry to drop the investigation. Finally, the chairman of the Senate Foreign Relations Committee, Democratic Sen. Claiborne Pell, formally asked Kerry to end his probe.

Instead Kerry gave his information to New York District Attorney Robert Morgenthau, who launched a criminal investigation into BCCI. By 1991, the investigation exposed what Morgenthau described as "one of the biggest criminal enterprises in world history."

As Kerry's subcommittee discovered, BCCI catered to many of the most notorious tyrants and thugs of the 20th century, including Iraqi dictator Saddaum Hussein, the heads of the Medellin cocaine cartel, and Abu Nidal, the notorious Paliestinian terrorist. It also did business with those who went on to lead al Qaiada.

By July 1991, Kerry's work paid off. That month, British and US regulators finally responded to the evidence provided by Kerry, Morgenthau, and a concurrent investigation by the Federal Reserve. BCCI was shut down in seven countries and served indictments for grand larceny, bribery, and money laundering.

A decade after Kerry shut down the bank, the CIA discovered Bin Laden was among those who had accounts at the bank. A French intelligence report in 2002 identified dozens of companies and individuals who were found to be involved with BCCI and were found to be dealing with Bin Laden after the the bank collapsed, and the financial network operated by Bin Laden today is similar to the network put into place in the 1980's by BCCI.

One U.S. investigator said in 2002, "BCCI was the mother and father of terrorist financing operations." Years before money laundering became a centerpiece of the antiterrorist efforts Kerry crusaded for controls on global money in the name of national security. Kerry during his battle with BCCI, revealed himself as a man of integrity who refused to back down under pressure of special interests who could have ruined his political career. Kerry believes that privilege has it's duties and that public service means putting oneself in the line of fire, whether literally in the jungles of Vietnam or metaphorically in the political minefields of Washington, D.C.. http://journals.aol.com/outkast1564/ABiographyofJohnFor.../john-kerry-bcci/348

Even a Cursory reading of the published reports will clearly show why the Senior Bush Administration was resisting Kerry. This needs to be aired by, say Rush Limbaugh or Bill O'Reilly, if for no other reason than to rehabilitate their credibility.
Last edited by Karl Leuba
quote:
Originally posted by EdEKit:
quote:
When the BCCI scandal began to break in the late 1980s, the Sr. Bush administration did what it could to sit on it. The Justice Department went after the culprits -- was virtually forced to -- only after New York District Attorney Robert Morgenthau did. But evidence about BCCI's broader links exist in numerous U.S. and international investigations. Now could be a good time to take another look at the BCCI-Osama-Saddam-Saudi-Bush connection. http://journals.aol.com/outkast1564/ABiographyofJohnFor.../john-kerry-bcci/348

John Kerry was INSTRUMENTAL in the exposure of the BCCI Scandal. This is a pdf Copy of his report to Congress: http://www.fas.org/irp/congress/1992_rpt/bcci/05foreign.htm
quote:
In 1988, John Kerry began an investigation of international drug connections as chairman of the Senate Subcommittee on Terrorism, Narcotics, and International Operations. He discovered that the Bank of Credit and Commerce International, a powerful global financial institution, was laundering drug money for Panamanian dictator Manuel Noriega and serving as a banker for some of the world's most notorious terrorists, criminals and despots, including Osama bin Laden and Saddaum Hussein.

Kerry met with opposition in Washington from powerful political figures in both parties. Even George H.W. Bush, whose son George W. Bush received $25 million BCCI loan for his oil businesses, pressured Kerry to drop the investigation. Finally, the chairman of the Senate Foreign Relations Committee, Democratic Sen. Claiborne Pell, formally asked Kerry to end his probe.

Instead Kerry gave his information to New York District Attorney Robert Morgenthau, who launched a criminal investigation into BCCI. By 1991, the investigation exposed what Morgenthau described as "one of the biggest criminal enterprises in world history."

As Kerry's subcommittee discovered, BCCI catered to many of the most notorious tyrants and thugs of the 20th century, including Iraqi dictator Saddaum Hussein, the heads of the Medellin cocaine cartel, and Abu Nidal, the notorious Paliestinian terrorist. It also did business with those who went on to lead al Qaiada.

By July 1991, Kerry's work paid off. That month, British and US regulators finally responded to the evidence provided by Kerry, Morgenthau, and a concurrent investigation by the Federal Reserve. BCCI was shut down in seven countries and served indictments for grand larceny, bribery, and money laundering.

A decade after Kerry shut down the bank, the CIA discovered Bin Laden was among those who had accounts at the bank. A French intelligence report in 2002 identified dozens of companies and individuals who were found to be involved with BCCI and were found to be dealing with Bin Laden after the the bank collapsed, and the financial network operated by Bin Laden today is similar to the network put into place in the 1980's by BCCI.

One U.S. investigator said in 2002, "BCCI was the mother and father of terrorist financing operations." Years before money laundering became a centerpiece of the antiterrorist efforts Kerry crusaded for controls on global money in the name of national security. Kerry during his battle with BCCI, revealed himself as a man of integrity who refused to back down under pressure of special interests who could have ruined his political career. Kerry believes that privilege has it's duties and that public service means putting oneself in the line of fire, whether literally in the jungles of Vietnam or metaphorically in the political minefields of Washington, D.C.. http://journals.aol.com/outkast1564/ABiographyofJohnFor.../john-kerry-bcci/348
Even a Cursory reading of the published reports will clearly show why the Senior Bush Administration was resisting Kerry. This needs to be aired by, say Rush Limbaugh or Bill O'Reilly, if for no other reason than to rehabilitate their credibility.



I have said on previous posts, a while back that one needs to just research the Bush family, Prescott, George Sr. and Saddam and Bin Ladin, and find out exactly ALL the business dealings...

Makes ya wonder just WHY Bush has "conveniently" forgot the name Bin Ladin... The monetary holdings with Saddam was finished a while back... [ Roll Eyes ] BUT his businesses with the Bin Ladin's is still active.

Research it all, you shall find it yourself...
quote:
Originally posted by Kindred_Spirit:
I have said on previous posts, a while back that one needs to just research the Bush family, Prescott, George Sr. and Saddam and Bin Ladin, and find out exactly ALL the business dealings...
Makes ya wonder just WHY Bush has "conveniently" forgot the name Bin Ladin... The monetary holdings with Saddam was finished a while back... [ Roll Eyes ] BUT his businesses with the Bin Ladin's is still active.

Research it all, you shall find it yourself... [/color][/b]
One of the above links is incorrect. It is to the pdf of the Report to congress. This is the correct link. http://www.fas.org/irp/congress/1992_rpt/bcci/
EdEKit

John Kerry was INSTRUMENTAL in the exposure of the BCCI Scandal. This is a pdf Copy of his report to Congress: http://www.fas.org/irp/congress/1992_rpt/bcci/
quote:
In 1988, John Kerry began an investigation of international drug connections as chairman of the Senate Subcommittee on Terrorism, Narcotics, and International Operations. He discovered that the Bank of Credit and Commerce International, a powerful global financial institution, was laundering drug money for Panamanian dictator Manuel Noriega and serving as a banker for some of the world's most notorious terrorists, criminals and despots, including Osama bin Laden and Saddaum Hussein.

Kerry met with opposition in Washington from powerful political figures in both parties. Even George H.W. Bush, whose son George W. Bush received $25 million BCCI loan for his oil businesses, pressured Kerry to drop the investigation. Finally, the chairman of the Senate Foreign Relations Committee, Democratic Sen. Claiborne Pell, formally asked Kerry to end his probe.

Instead Kerry gave his information to New York District Attorney Robert Morgenthau, who launched a criminal investigation into BCCI. By 1991, the investigation exposed what Morgenthau described as "one of the biggest criminal enterprises in world history."

As Kerry's subcommittee discovered, BCCI catered to many of the most notorious tyrants and thugs of the 20th century, including Iraqi dictator Saddaum Hussein, the heads of the Medellin cocaine cartel, and Abu Nidal, the notorious Paliestinian terrorist. It also did business with those who went on to lead al Qaiada.

By July 1991, Kerry's work paid off. That month, British and US regulators finally responded to the evidence provided by Kerry, Morgenthau, and a concurrent investigation by the Federal Reserve. BCCI was shut down in seven countries and served indictments for grand larceny, bribery, and money laundering.

A decade after Kerry shut down the bank, the CIA discovered Bin Laden was among those who had accounts at the bank. A French intelligence report in 2002 identified dozens of companies and individuals who were found to be involved with BCCI and were found to be dealing with Bin Laden after the the bank collapsed, and the financial network operated by Bin Laden today is similar to the network put into place in the 1980's by BCCI.

One U.S. investigator said in 2002, "BCCI was the mother and father of terrorist financing operations." Years before money laundering became a centerpiece of the antiterrorist efforts Kerry crusaded for controls on global money in the name of national security. Kerry during his battle with BCCI, revealed himself as a man of integrity who refused to back down under pressure of special interests who could have ruined his political career. Kerry believes that privilege has it's duties and that public service means putting oneself in the line of fire, whether literally in the jungles of Vietnam or metaphorically in the political minefields of Washington, D.C..

________________________________________________________________________________________________

I followed this through the progressive media at the time and Kerry began his investigation with the highest intentions but was sabotaged from the start. It also came out of the revelations of CIA connections to the Nicaraguan Contra's drug smuggling that were covered up and ignored by the Iran Contra hearings.

Not only was he pressure by his own party I believe his co chairman was somebody like Jesse Helms who highjacked the hearings to focus mainly on Noriega. It was a set up for the later Bush Sr invasion on Panama. Drug smuggling was the pretext but the real reason was Noriega began to act independently of Washington Policy and his refusal to sign the Canal back over to the US.

The mainstream media gave the hearings superficial coverage until they fingered Noriega.

BCCI was used by the CIA as their bank to hide and move money into their "Black Op's."

Kerry stood up to these powerful forces but he did pay a political price as we saw in the "swift boating" of his Presidential bid.

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