EDITORS NOTE: The following is a transcript of a link submitted to Scoop by a Scoop reader. Clearly questions are raised in this material about the nature of the relationship between the Bush family and the family of Osama Bin Laden.
In the circumstances the claims of the connections make some sense as Osama Bin Laden is well known to have been supported by the CIA (which George Senior headed) during his fight against the Russians in Afghanistan.
However the alleged links to George Bush Jr are the most remarkable aspect of this new piece to the puzzle around the horrendous attacks on the World Trade Center this week. Scoop has not verified any of the following (though the links have been checked) and cannot attest to its accuracy.
The GW Bush - Osama Bin Laden Connection
THE GW BUSH--OSAMA BIN LADEN CONNECTION
James R. Bath, friend and neighbor of George W. Bush, was used as a cash funnel from Osama bin Laden's rich father, Sheikh bin Laden, to set George W. Bush up in business, according to reputable sources from the Wall Street Journal and the New York Times. The connection between GW Bush, the bin Laden family, and the Bank Commerce Credit International (BCCI) is well documented.
The excerpts from the books and news articles are supplemented by the links at the bottom of the page to the cash flow charts of the bin Laden-backed BCCI money which was funneled into the Bush family in return for favors. Just click on the links at the bottom of the page to see the flow charts and use the back and forward keys on the screen to return to this page where you can then access the next flow chart link.
"Bath--who made his fortune by investing money for Mahfouz and another BCCI-connected Saudi, Sheikh bin-Laden--...was an original investor in George Bush Jr.'s oil exploration company..." from The Outlaw Bank, page 229.
"Bath provided financing to George W. Bush, the future president's eldest son, when he went into the oil business..." from False Profits, page 365.
"Bath told me he was in the CIA...he had been recruited by George Bush himself in 1976 when Bush was director of the agency...Bath and George, Jr. were pals and flew together in the same Air National Guard unit, and Bath lived down the street from the Bush family when George, Sr. was living in Houston...he became representative for Sheikh Khalid bin-Mafouz...one of the richest men in the world, and he was a controlling shareholder in...BCCI..." from The Outlaw Bank, page 228.
"BCCI was charged with laundering drug money..." from False Profits, page 433.
"During George Bush's tenure as CIA director, the agency was allegedly involved in a very curious business deal with James R. Bath, a Texas businessman who is a friend and sometime financial backer of one of Bush's sons (George Bush, Jr.). Bath was also a business associate of Khalid bin Mafouze and an important BCCI insider."
"...BCCI would make payments to key officials, sometimes in suitcases filled with cash. As BCCI officer Abdur Askhia stated in interviews tithe Subcommittee staff: Abedi's philosophy was to appeal to every sector. President Carter's main thing was charity, so he gave Carter charity. Pakistani President Zia's brother in law needed a job, he got a job. Bangladeshi president Ashraf's mistress needed a job, she got a job. Admission of your son to a top college, he would arrange it somehow. There was a world wide list of people who were in the payoff of BCCI...". from United States Senate Subcommittee Report on Bank Credit Commerce International, 1992--the Kerry Committee.
Osama bin Laden, whose funds were inherited from his father, Sheikh bin Laden's BCCI investments, has been operating out of Afghanistan since he was established as a conduit for CIA funds in the 1980's. "Afghanistan was by far the biggest; it was, in fact, the biggest CIA operationof all time, both in terms of dollars spent ($5-$6 billion)
The story of the Bush involvement in the BCCI scandal involved "trails that branched, crossed one another, or came to unexpected dead ends...". It was like a "three dimensional chess game." from The Outlaw Bank, page 227.
The BCCI bribery connection went straight to the George Bush oval office. The White House political director, a man whom the Senate noted sat in on presidential meetings, named Ed Rogers, was hired away from the Chief of Staff's Office to represent the BCCI's American representative, Sheik Adham..
"Q - Mr. President, considering your concern about propriety in government, what was your reaction when a senior member of your White House staff, Ed Rogers, left the White House employ and signed a contract with a Saudi sheikh accused of being a key figure in the BCCI scandal?
The President - Well, he is a free citizen to do anything he wants once he leaves the White House. My concern is about the White House itself, that it be beyond any perception of impropriety.
Q - Well, what do you think he was selling to the Saudis except for accessing---
The President - Ask him. I don't know anything what he's selling. I don't know anything about this man, except I've read bad stuff about him. And I don't like what I read about him. But I would suggest that the matter is best dealt with by asking this man what kind of representation he is doing for this sheikh. But it has nothing to do, in my view, with the White House." from the Official Papers of the Presidents, Press Conference, October 25, 1991. George Herbert Walker Bush.
The Senate Commitee on BCCI, the Kerrey Committee, noted that Ed Rogers, the White House political director, was hired directly away by the BCCI sheikh and paid, along with a hitherto unknown assistant named Haley Barbour (later to become National Republican Committee Chairman), the sum of $600,000 to not do much of nothing. The Senate Committee concluded that it, along with the "gifts" of cash to GW Bush, was intended to influence President Bush.
After GW Bush's company, Arbrusto, went bust, the bin Laden connection with BCCI went to work once again to prop up the president's son and to buy influence. GW swapped out shares until he had an interest in a new company, Harken Energy, which quickly received a lucrative oil concession in Bahrain..
An "extraordinary number of people connected to Harken or the oil deal have ties to BCCI...Sheikh Khalifa bin-Salman al-Khalifa helped to ensure that Harken was awarded the offshore drilling contract...Sheikh Abdullah Taha Baksh..Ghairth Pharaon...Bin Mahfouz...Talat Othman who has visited the White House..." from False Profits, page 370. "Knowledgeable oil company sources believe that the Bahrain oil concession was indeed an oblique favor to the president of the United States but say that Saudi Arabia (home of bin Laden) was behind the Decision". from Outlaw Bank, page 230.
The payback was access: "After the Harken-Bahrain deal was signed, Talat Othman was added to a group of Arabs who met with George Bush and National Security Adviser Brent Scowcroft three times in 1990 -- once just two days after Iraq invaded Kuwait. Othman was the representative of Sheikh Abdullah Bakhsh, who purchased 10% of Harken stock and had several ties to the infamous BCCI bank. Bakhsh was a co-investor in Saudi Arabia with alleged BCCI front man Ghaith Pharaon. Bakhsh's banker, Khalid bin Mahfouz, was another BCCI figure and head of the largest bank in Saudi Arabia. Sheikh Kalifah, the prime minister of Bahrain, was a BCCI shareholder and played the key role in selecting Harken for the oil contract."
"Brent Scowcroft, the national security advisor to President Bush, said that the younger Bush clearly lacks international credentials as reported to the Boston Globe April 5th. "Is he comfortable with foreign policy? I would say not." Scowcroft said. The governor's main experience "was being around when his father was in his many positions."
Three dimensional Chess Game - LINKS TO CASHFLOW ANALYSIS
BCCI Official Reports and the Bush White House