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Saudi Executives give Millions to bin Laden
health and energy dot com ^ | October 29, 1999 | Not Given

Posted on 09/13/2001 4:55:08 AM PDT by Lexington

Business executives in Saudi Arabia continue to transfer tens of millions of dollars to bank accounts linked to Osama bin Laden, accused of the U.S. embassy bombings in East Africa.

Senior U.S. intelligence officials say the money transfers began more than seven years ago and have been used to finance several attacks by bin Laden, including an attempted assassination in 1995 of Egyptian President Hosni Mubarak in Ethiopia.

The United States Thursday said it would continue to meet Afghanistan's Taliban rulers to discuss demands for the expulsion of Saudi-born bin Laden, but officials cautioned that they expected no dramatic moves soon.

The United States accuses bin Laden, who lives in hiding in Afghanistan, of being behind explosions at U.S. embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania, in August 1998 which killed 224 people. Washington also believes bin Laden is implicated in a number of other planned attacks.

Bin Laden has denied the charges.

USA Today said Secretary of State Madeleine Albright was expected to raise the issue with Saudi defense minister Prince Sultan during his visit to Washington next week.

It cited a Saudi government audit acquired by U.S. intelligence which showed that five of Saudi Arabia's top business executives ordered the National Commercial Bank (NCB), the kingdom's largest, to transfer personal funds, along with $3 million diverted from a Saudi pension fund, to New York and London banks.

The money was deposited into the accounts of Islamic charities, including Islamic Relief and Blessed Relief, that serve as fronts for bin Laden, according to the report.

Intelligence sources said the businessmen, who are worth more than $5 billion, were paying bin Laden ``protection money'' to stave off attacks on their businesses in Saudi Arabia, intelligence officials said.

Bin Laden, whose family runs the largest Saudi construction firm, has called for the overthrow of the Saudi government.

USA Today said the money transfers were discovered in April after the royal family ordered an audit of NCB and its founder and former chairman, Khalid bin Mahfouz.

Mahfouz is now under ``house arrest'' at a military hospital in the Saudi city of Taif, intelligence officials said.

His successor, Mohammad Hussein Al-Amoudi, also heads the Capitol Trust Bank in New York and London, which U.S. and British officials are investigating for allegedly transferring money to bin Laden, USA Today reported.

Amoudi's Washington lawyer, Vernon Jordan, could not be reached for comment. Saudi Ambassador Prince Bandar bin Sultan declined to comment on the report, USA Original article: http://www.healthandenergy.com/osama_bin_laden.htm


TOPICS: Foreign Affairs; Miscellaneous
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Here's Saudi Arabia way of thanking us for saving their oil fields from Saddam during the Gulf War.
1 posted on 09/13/2001 4:55:08 AM PDT by Lexington (lexington@world-gov.cfr.org)
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To: Lexington
"The United States Thursday said it would continue to meet Afghanistan's Taliban rulers to discuss demands for the expulsion of Saudi-born bin Laden, but officials cautioned that they expected no dramatic moves soon"

In other words, we're not yet prepared to invade.

2 posted on 09/13/2001 5:00:19 AM PDT by elfman2
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To: Lexington
The Saudi ruling family has long provided billions to Islamic fundamentalists, as a means of keeping themselves in power...Look SA is a large country, geographically, yet sparsely populated..Nearly all the workers are Palestinian, imported into the country....that's why Sadam thought he could get away with it..he wasn't going tomstop at Kuwait, but keep going South.....the Saudis have been playing us against the fudamentalists for decades..it's going to stop now...they'll have to choose..
3 posted on 09/13/2001 5:02:59 AM PDT by ken5050
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To: Lexington
" Here's Saudi Arabia way of thanking us for saving their oil fields from Saddam during the Gulf War."

From your own post:

"Intelligence sources said the businessmen, who are worth more than $5 billion, were paying bin Laden ``protection money'' to stave off attacks on their businesses in Saudi Arabia"
The Saudi businessmen are not against us or for Ben Laden. They're just under blackmail and are cowardly trying to save their own ass.
4 posted on 09/13/2001 5:04:54 AM PDT by elfman2
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To: Lexington
Every time we put gas in our cars we help finance this terrorism. It's time to take oil from our land now. Drill in Alaska, the Gulf of Mexico or wherever we need to drill. Let the Saudi's eat the oil from the the Mideast!
5 posted on 09/13/2001 5:06:31 AM PDT by SternTrek
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To: elfman2
No one wants to invade Afghanistan. It almost wiped out the British and Russians.
6 posted on 09/13/2001 5:08:15 AM PDT by AppyPappy
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To: elfman2
"... "Intelligence sources said the businessmen, who are worth more than $5 billion, were paying bin Laden ``protection money'' to stave off attacks on their businesses in Saudi Arabia"

The Saudi businessmen are not against us or for Ben Laden. They're just under blackmail and are cowardly trying to save their own ass. ......"

Makes sense. Why shouldn't our first target be the Bin Laden construction company in SA?

7 posted on 09/13/2001 5:10:17 AM PDT by Mamzelle
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To: AppyPappy
No one wants to invade Afghanistan. It almost wiped out the British and Russians.

No need to invade. Just drop enogh nukes, and we'll get the bastard eventually.

8 posted on 09/13/2001 5:15:13 AM PDT by N00dleN0gg1n
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To: elfman2
USA Today said Secretary of State Madeleine Albright was expected to raise the issue with Saudi defense minister Prince Sultan during his visit to Washington next week.

FYI, this article was from 1999. I think it is poste just to show how long this funding has been going on and that nothing substantial was done to stop it in the previous administration. We've known all along that we were going to pay for the incompetence that was in the WH for 8 long years.......

9 posted on 09/13/2001 5:21:07 AM PDT by b4its2late
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To: Lexington
Hmmm....No source.

I ALWAYS consider unsourced news reports as propaganda.

Question: Who bombed Khobar Towers?

Question: Who got the contract to rebuild Khobar Towers?

You need to read the book "1984." Pay attention to the "two minute hate."

10 posted on 09/13/2001 5:41:07 AM PDT by rack42
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To: rack42
Sounds like Bin Laden borrowed the techniques of Jesse Jackson or vice versa. The biggest problem we have is our infastructure here at home and the Muslim partners we have in another part of the world. I am especially concerned by our troops being exposed to Bin Laden associates and supposedly our allies. This has to be a prime target of Bin Laden.
11 posted on 09/13/2001 5:56:07 AM PDT by meenie
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To: AppyPappy
We and not the British or the USSR. Fhere they failed we can win.
12 posted on 09/13/2001 5:56:11 AM PDT by Jack of Diamonds
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To: Lexington
This is what happens when you are dependent on oil from the Middle East because of a lack of an energy policy. Thank you liberals
13 posted on 09/13/2001 6:00:28 AM PDT by uncbob
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To: Lexington
We must take the Iraqi oil fields and pump enough oil to significantly reduce oil prices, stimulating the world economy. The lower oil prices will cause the mideast regimes like Saudi Arabia to collapse so we must be ready to set up democracies there. Create US bases in Iraq from which to strike terrorists and enforce regional stability. Afghanistan/Syria/Iran/Sudan are much easier to deal with once the US bases are in place with a million troops to back up our policies. And it gets rid of the requirement for US carriers over there and for massive military support of Israel.

DO IT NOW. WE MUST USE THIS OPPORTUNITY TO STABILIZE THE MIDEAST AND NEUTRALIZE TERRORISM.


BUMP

14 posted on 09/13/2001 6:07:26 AM PDT by tm22721
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To: Lexington
Well, I just heard David Shippers on Quinn in the Morning. He said that information was out there about this attack and the FBI ignored it. He also said that Bin Laden's money is coming from the US. Hamas raises money here for terrorist causes. Also, Oklahoma City and TWA flt#800 were Bin Laden attacks. The interview should be on archieves this afternoon. It is the last thing Quinn does.

Quinn in the Morning

15 posted on 09/13/2001 6:13:08 AM PDT by Varda
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To: Lexington
I remember how 20 years ago conservatives went to the bat to provide the highly sophisticated AWACs to Saudi Arabia. I guess, fellows and ladies, we were "had." Maybe we should conquer Saudi Arabia and seize her oil holdings for our own use. That would only begin to meet the financial compensation for the attacks in NYC and DC. Unless we do something meaningful, we will become as Nixon feared: "a pitiful, helpless giant."
16 posted on 09/13/2001 6:17:47 AM PDT by Theodore R.
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To: Lexington
His successor, Mohammad Hussein Al-Amoudi, also heads the Capitol Trust Bank in New York and London, which U.S. and British officials are investigating for allegedly transferring money to bin Laden, USA Today reported. Amoudi's Washington lawyer, Vernon Jordan, could not be reached for comment

Need I say more?

17 posted on 09/13/2001 6:28:16 AM PDT by mmmmmmmm....... donuts
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To: Lexington
The key to the Arab ability to wages war against the West and to hold the West hostage is OIL. Oil money finances their wars. And oil money finances the terrorism. There will be no peace in the Middle East and no respite from Arab terrorists as long as the Arabs control most of the world's oil supplies.

IMHO, the U.S. and other developed nations should give the Gulf Arabs an ultimatum. Turn over the oil fields to a joint commission of the major oil using countries and receive a modest income. Or have them taken by force and receive nothing.

18 posted on 09/13/2001 6:56:23 AM PDT by Magician
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To: Mamzelle
The Saudi businessmen are not against us or for Ben Laden. They're just under blackmail and are cowardly trying to save their own ass. ......"

We as a nation should be the last to criticize the business dealings of others. They are doing what they do for profit and not necessarily for political reasons as some of our own businesses have done by selling security sensitive equipment to communist regimes in violation of US law during the Clinton administration and other administrations as well. These money whores have no loyalty to anyone except profit and they will sell their mothers to the devil if they can make a dollar.

Our own government even contributes to our potential enemies by time and again arming them with weapons, courtesy of US taxpayers, which then later are used against our interests.

19 posted on 09/13/2001 7:36:51 AM PDT by varon
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To: AppyPappy
No one wants to invade Afghanistan. It almost wiped out the British and Russians."

Afghanistan was the USSR's Vietnam. And regarding the British, I can still remember a Kipling line:

"When you lie dyeing on the Afghanistan plains
and the women come out to cut up what remains,
just pick up your rifle and blow out your brains
and go to your death like a soldier."
In the early 80s, I once helped manage a large marine combined arms operations in Twenty-nine Palms. It's a very "Afghan-like" environment. The Marines are very skilled in small unit desert operations supplemented by air and artillery. They can adjust to the unexpected very rapidly. They're much more capable than the Russians in that regard. I agree, no one wants to invade Afghanistan, but we are capable of successfully doing so.
20 posted on 09/13/2001 8:41:52 AM PDT by elfman2
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