familyís dirty little secret:
Presidentís oil companies funded by Bin Laden family and wealthy Saudis who financed Osama bin Laden
Copyright: American Freedom News
Bush recently signed an executive order to freeze the US financial assets of
corporations doing business with Osama bin Laden. He described the order as a
"strike on the financial foundation of the global terror network.î
you do business with terrorists, if you support or succor them, you will not do
business with the United States," said President Bush.
didnít say anything about doing business with a terroristís brother ñ or
his wealthy financier.
President George W. Bush froze assets connected to Osama bin Laden, he didnít
tell the American people that the terrorist mastermindís late brother was an
investor in the presidentís former oil business in Texas.
He also hasnít leveled with the American public about his financial
connections to a host of shady Saudi characters involved in drug cartels, gun
smuggling, and terrorist networks.
business with the enemy is nothing new to the Bush family.
Much of the Bush family wealth came from supplying needed raw materials
and credit to Adolf Hitlerís Third Reich.
Several business operations managed by Prescott Bush ñ the
presidentís grandfather - were seized by the US government during World War II
under the Trading with the Enemy Act.
October 20, 1942, the federal government seized the Union Banking Corporation in
New York City as a front operation for the Nazis.
Prescott Bush was a director. Bush,
E. Roland Harriman, two Bush associates, and three Nazi executives owned the
bankís shares. Eight days later,
the Roosevelt administration seized two other corporations managed by Prescott
Bush. The Holland-American Trading
Corporation and the Seamless Steel Equipment Corporation, both managed by the
Bush-Harriman bank, were accused by the US federal government of being front
organizations for Hitlerís Third Reich. Again,
on November 8, 1942, the federal government seized Nazi-controlled assets of
Silesian-American Corporation, another Bush-Harriman company doing business with
business with the bin Laden empire, therefore, is only the latest extension of
the Bush familyís financial ties to unsavory individuals and organizations.
Now that thousands of American citizens have died in terrorist attacks
and the nation is going to war, the American people should know about George W.
Bushís relationship with the family of Osama bin Laden.
bin Laden, Osamaís older brother, was an investor in Arbusto Energy. ñ the
Texas oil company started by George W. Bush.
Arbusto means ìBushî in Spanish.
Salem bin Laden died in an airplane crash in Texas in 1988.
Mohammed bin Laden, the family patriarch and founder of its construction empire,
also died in a plane crash. Upon
his death in 1968, he left behind 57 sons and daughters ñ the offspring he
sired with 12 wives in Saudi Arabia, Syria, Lebanon, and Jordan.
About a dozen brothers manage Bin Laden Brothers Construction ñ one of
the largest construction firms in the Middle East.
out of Harvard Business School, young George W. Bush returned to Midland, TX, in
the late 1970s to follow his fatherís footsteps in the oil business.
Beginning in 1978, he set up a series of limited partnerships ñ Arbusto
í78, Arbusto í79, and so on ñ to drill for oil.
of President Bushís earliest financial backers was James Bath, a Houston
aircraft broker. Bath served with
President Bush in the Texas Air National Guard.
Bath has a mysterious connection to the Central Intelligence Agency.
to a 1976 trust agreement, Salem bin Laden appointed James Bath as his business
representative in Houston. Revelation
about Bathís relationship with the bin Laden financial empire and the CIA was
made public in 1992 by Bill White, a former real estate business partner with
Bath. White informed federal investigators in 1992 that Bath told him that he
had assisted the CIA in a liaison role since 1976 ñ the same year former
President George Herbert Walker Bush served as director of the CIA.
a bitter legal fight between White and Bath, the real estate partner disclosed
that Bath managed a portfolio worth millions of dollars for Sheik Khalid bin
Mahfouz and other wealthy Saudis. Among
the investments made by Bath with Mahfouzís money was the Houston Gulf
powerful banker in Saudi Arabia, Mahfouz was one of the largest stockholders in
the Bank of Credit and Commerce International.
BCCI was a corrupt global banking empire operating in 73 nations and was
a major financial and political force in Washington, Paris, Geneva, London, and
Hong Kong. Despite the appearance
of a normal banking operation, BCCI was actually an international crime
syndicate providing ìbanking servicesî to the Medellin drug cartel, Pamama
dictator Manuel Noriega, Saddam Hussein, terrorist mastermind Abu Nidal, and
Khun Sa, the heroin kingpin in Asiaís Golden Triangle.
BCCI scandal implicated some of the biggest political names in Washington ñ
both Democrats and Republicans ñ during the first Bush White House.
The bank was accused of laundering money for drug cartels, smuggling
weapons to terrorists, and using Middle Eastern oil money to influence American
chief of the Justice Departmentís criminal division under former President
Bush was Robert Mueller. Because
the major players came out of the scandal with slaps on the wrists, many critics
accused Mueller of botching the investigation.
Mr. Mueller was recently appointed by President George W. Bush as the new
Director of the FBI, replacing Louis Freeh who did nothing while William
Jefferson Clinton allowed the Red Chinese to loot our national security secrets.
Financial Crimes Enforcement Network (FinCEN), a division of the Justice
Department, reviewed allegations by Bill White in 1992 that James Bath funneled
money from wealthy Middle Eastern businessmen to American companies to influence
the policies of the Reagan and Bush administrations.
Robert Mueller, the new FBI chief, was in a senior position at the
Justice Department at the time of the review.
told a Texas court in 1992 that Bath and the Justice Department had
ìblackballedî him professionally and financially because he refused to keep
quiet about his knowledge of an Arabic conspiracy to launder Middle Eastern
money into the bank accounts of American businesses and politicians.
sworn depositions, Bath admitted he represented four wealthy Saudi Arabian
businessmen as a trustee. He also admitted he used his name on their investments and
received, in return, a five- percent stake in their business deals.
Texas tax documents revealed that Bath owned five percent of Arbusto í79 Ltd.,
and Arbusto í80 Ltd. Bush
Exploration Company controlled the limited partnerships, the general partnership
firm owned by young George W. Bush.
George W. Bushís Texas oil ventures were financial failures, his financial
backers recovered their investments through a series of mergers and stock swaps.
He changed Arbustoís name to Bush Exploration, then merged the new firm into
Spectrum 7 Energy Corporation in 1984.
Bush-controlled oil business eventually ended up being folded into Harken Energy
Corp., a Dallas-based corporation. Mr.
Bush joined Harken as a director in 1986 and was given 212,000 shares of Harken
stock. Bush used his White House
connections to land a lucrative contract for the obscure Harken Energy Corp.
with the Middle Eastern government of Bahrain.
On June 20, 1990, George W. Bush sold his Harken stock for $848,000 and
paid off the loan he took out to buy his small share in the Texas Rangers.
The Bahrain deal was brokered by David Edwards, a close pal to Bill
Clinton and a former employee of Stephens Inc. Shortly after Bush sold his
stock, Harkenís fortunes nose-dived when Saddam Hussein invaded Kuwait.
Some critics claim young George was tipped off in advance by his father
about the soon-coming Gulf War.
W. Bush, however, worked wonders for Harken Energy Corp. before the stock
collapsed. Using the Bush
family name, he managed to bring much-needed capital investment to the
struggling firm. George W. Bush
traveled to Little Rock, AR, to attend a meeting with Jackson Stephens ñ a
powerful Arkansas tycoon who helped bankroll the state campaigns of young Bill
Clinton. He first gained political prominence as a fund-raiser for President
Jimmy Carter. Stephens was also deeply involved in the BCCI scandal by helping
the corrupt bank take control of First American Bank in Washington, DC.
Stephens didnít need an introduction to young George W. Bush.
Mary Anne Stephens, his wife, managed Vice President George Bushís 1988
presidential campaign in Arkansas. Stephens
Inc., the well connected brokerage firm owned by Jack Stephens, donated $100,000
to a Bush campaign fundraising dinner in 1991.
When George W. Bush won the contested Florida election in 2000, Jack
Stephens made a substantial contribution to the Bush inauguration.
Recently, former President Bush played golf on April 11, 2001, with Jack
Stephens at the Jack Stephens Youth Golf Academy in Little Rock.
The former president told Stephens, ìJack, we love you and we are very,
very grateful for what you have done.î
Perhaps the former president
was thanking him for the money Stephens provided young George W. Bush.
Stephens arranged for a $25 million investment from the Union des Banques
Suisses. The Swiss Bank held the
minority interest in the Banque de Commerce et de Placements, a Geneva-based
subsidiary of BCCI.
Stephens and Abdullah Taha Bakhsh, a wealthy and well-connected Saudi real
estate investor, signed the financial transaction. The Geneva transaction was
paid through a joint venture between the Union Bank of Switzerland and its
Geneva branch of BCCI.
BCCI connection, therefore, linked George W. Bush with Saudi banker Khaled bin
Mahfouz. Known in Arab circles as
the ìkingís treasurer,î Mahfouz held a 20 percent take in BCCI between
1986 and 1990. Mahfouz is no
stranger to the Bush family. He was a big investor in the Carlyle Group, a
defense-industry investment group with deep connections to the Republican Party
establishment. Former President
Bush is a former member of the companyís board of directors. George W. Bush also held shares in Caterair, a Carlyle
subsidiary. Sami Baarma, a powerful
player in the Mahfouz-owned Prime Commercial Bank of Pakistan, is a member of
the Carlyle Groupís international advisory board.
Bush certainly is aware of that his former Saudi sugar daddy is still financing
Osama bin Ladenís terrorist network. USA
Today newspaper reported in 1999 that a year after bin Ladenís attacks on US
embassies in Africa, Khaled bin Mahfouz and other wealthy Saudis were funneling
tens of millions of dollars each year into bin Ladenís bank accounts.
Five top Saudi businessmen ordered the National Commercial Bank to
transfer personal funds and $3 million pilfered from a Saudi pension fund to the
Capitol Trust Bank in New York City. The
money was deposited into the Islamic Relief and Blessed Relief - Islamic
charities operating in the US and Great Britain as fronts for Osama bin Laden.
Capitol Trust Bank is run by Mohammad Hussein al-Amoudi.
His lawyer is Democratic Party bigwig Vernon Jordan, close friend of
former President Bill Clinton and Monica Lewinsky.
Taha Bakhsh, the Arab who cosigned the $25 million cash infusion into George W.
Bushís Harken Energy Corporation, appointed Talat Othman to manage his 17.6
percent share in Harken Energy Corp. Othman,
a native Palestinian, is president and CEO of Dearborn Financial Inc. ñ an
investment firm in Arlington Heights, IL.
also bought a 9.6 percent stake in Worthen Banking Corporation, the Arkansas
bank controlled by Jack Stephens. Abdullah
Bakhshís share was the identical percentage as the amount of shares sold by
Mochtar Riady, the godfather of the wealthy Indonesian family with close ties to
the Chinese communists, Bill Clinton and evangelist Pat Robertson.
Bakhsh is represented by Rogers & Wells, a well-connected Republican
law firm in New York whose partners include former Secretary of State William P.
investigator reporter David Twersky reported in the early 1990s that Othman had
a seat on Harkenís board of directors and met three times in the White House
with President George Herbert Walker Bush.
Organized by Chief of Staff John Sununu, Othmanís first meeting with
President Bush at the White House was in August 1990, just days after Saddam
Hussein invaded Kuwait.
exist to this day an Arab-Texas connection.
Khalid bin Mahfouz, financier of both George W. Bush and Osama bin Laden,
still maintains a palatial estate in Houston, TX.
Former President George Bush also lives in Houston.
James Bath, Texas political confidant of George W. Bush, managed to
obtain a $1.4 million loan from Mahfouz in 1990. Bath and Mahfouz, along with former Secretary of Treasury
John Connally, were also co-investors in Houstonís Main Bank.
Bath was also president of Skyway Aircraft Leasing Ltd, a Texas air
charter company registered in the Cayman Islands.
According to published reports in the early 1990s, the real owner was bin
Mahfouz. When Salem bin Laden,
Osamaí brother, died in 1988, his interest in the Houston Gulf Airport was
transferred to bin Mahfouz.
Osama bin Ladenís bloody attack on America on September 11, the federal
government has moved quickly to freeze bank accounts connected to Osama bin
Laden, Khalid bin Mahfouz, and a host of Islamic charities.
Copyright 2001 American Freedom News
Back To American Freedom News TOP HEADLINES