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--- Begin Message ----Caveat Lector- Saudi Entrepeneur Adnan Khashoggi Linked to 911 Terrorists, Part IBy Alex Constantine Decades before burning skyscrapers, codified torture, secret trials and mass detentions, there was Barrick Gold, a mining concern in Canada with roots in the American intelligence establishment. It is fitting that gold, the seductive but dead heart of world capitalism, should christen a story about the most unconscionable event in Wall Street history: 911. Barrick¹s incorporation is obscure. Most accounts claim that the firm was founded by Peter Munk, a former radio manufacturer who made a splash in the Canadian press when he disposed of his shares in the company shortly before it was declared insolvent, a golden parachute paid for by investors and the Canadian taxpayer. His name was instantly mud in the investment community, but fortunately for Munk, no indictment was ever brought against him. Today, his overall worth is estimated at $350 million.1 Munk¹s redemption was the work of Saudi entrepeneur Adnan Khashoggi, who would go on to notoriety as an Ollie North intermediary in the Iran-Contra affair. Khashoggi and Munk kicked off their partnership with a series of hotel investments. In 1983, the Saudi entrepeneur raided his fat cash reserves to purchase Barrick. Munk was installed as chairman. Khashoggi distanced himself from Barrick shortly after the Iran-Contra scandal broke (but held onto his stock, tied up as collateral for North¹s arms transfers to Iran in 1985), notes Observer reporter Gregg Palast in a book on the 2000 presidential election, before Bush was invited in. That was in 1995: ³Munk's reputation was restored, at least in his own mind, in part by massive donations to the University of Toronto. Following this act of philanthropy, the university awarded Munkadviser Bush an honorary degree. Several students were arrested protesting what appeared to them as a cash-for-honors deal.²2 The bonds were positively Sicilian. in 1986, Khashoggi was was arrested for fraud and held in a New York prison. Munk paid his $4 million bail.3 Financial researcher Lois Battuello was Palast¹s key source of information concerning Barrick. It was Battuello who gave Palast a file on Barrick Resources International (BRI), the nascent firm founded two years before Barrick Gold, a spin-off, by the Central Intelligence Agency¹s Kermit Roosevelt to serve as a dummy business front. This was roughly the same time that Roosevelt cemented relations with Khashoggi, who brought Munk along, on behalf of the CIA. In 1983, Battuello says, the disgraced entrepeneur ³picked up the mantle of this clandestine front (read looted taxpayer dollars) in Toronto as though it was his operation. It was simply put together with Œevil money,¹ and it gave Adnan Khashoggi an excuse to be visible in Toronto, where he established yet more businesses and outposts.²4 The offshore division of Khashoggi's Barrick Resources, for instance, controlled Jetborne, Inc., a company in Toronto used by Khashoggi to ship arms to Iran under the direction of Reagan¹s NSC.5 Khashoggi¹s empire, raised on a bed of gold, metastisized rapidly. In 1973, he dropped in his burgeoning portfolio a company in possession of nearly two million acres of prime real estate, the Arizona-Colorado Land & Cattle Company -- not far from the 100,000 acre Paloma Ranch near Gila Bend, deeded to the CIA¹s Kermit Roosevelt and John B. Anderson.6 Two years later, in cahoots with Sheik Kamal Adham -- then director of Saudi intelligence (1963-79), brother-in-law of King Faisal and the CIA¹s key liaison to the Arab world -- Khashoggi founded Oryx. But the Saudi Sheik¹s thieving bonds with Khashoggi and the CIA were forged decades earlier, with the incorporation of Barrick. The company¹s seed investors were Saudis with Agency ties, including Shiek Kamal Adham, Adnan Khashoggi, and Prince Nawaf bin Abdul Aziz (a major investor in Barrick, code-named ³Tumbleweed² by his CIA contacts).7 By 1978, Adham was worth roughly $134 million. It was but two years earlier that the son of Prescott Bush, a well-heeled CIA director, struck up an alliance with Saudi Arabia and Iran under the Shah. George H.W. Bush¹s left-hand man at Langley was Kamal Adham. After leaving the CIA in January, 1977, Bush was appointed to the executive committee chair of First International Bancshares (FIB), the largest bank in the District of Columbia. (In the 1980s, the Shiek and Abdul Khalil ((Adham¹s successor as Saudi intelligence director)), then officers of BCCI, were implicated in a hostile bid for FIB, by this time transmorgrified into a dummy front for its scandal-infested parent, BCCI.) Raymond Close, another revolving-door, covert dervish, CIA station chief in Saudi Arabia, took arms from the Saudis and gave them to Pakistan, and in Œ70s left the Agency and went to work for BCCI director Kamal Adham. Majority shares in Capcom, a BCCI susidiary, were held by Saudi spooks Adham and Khalil. Capcom sidelines included money laundering and drug trafficking.8 Adham was eventually prosecuted for fraud in the BCCI case and paid a $100 million fine. Oryx, the demonic corporate brat of Khashoggi and Adham, has recently been linked by investigative reporter Daniel Hopsicker (Welcome to Terrorland) to Wallace Hilliard, proprietor of Huffman Aviation in Florida, where Mohammed Atta¹s suicide cult trained in aero-terrorism. Of the 220 flight schools in Florida, Atta had to pick Huffman. Wallace Hilliard, Khashoggi¹s lackey, bought Huffman Aviation in 1999, and hired Rudi Dekkers, a Dutchman, to run it. The following year, Hilliard¹s LearJet was stopped on the runway at Orlando Executive Airport by armed DEA agents. At Huffman, too, the CIA was a silent partner. Sander Hickes, a reporter for the Long Island Press, found that Hilliard ³did business with Myron Du Bain, who worked alongside late ex-CIA director John McCone on the boards of several banks. Du Bain was chairman of the Fireman's Fund Insurance Company in 1981 when the company announced plans to acquire Employers Health, an insurance company cofounded by Hilliard.²9 In July, Daniel Hopsicker, after a two-year investigation into Huffman Aviation, offered from his MadCowMorningNews web soapbox the suggestion that Mohammed Atta had been engaged ³in a lucrative drug trafficking operation which linked Osama bin Laden's thugs and drug lieutenants to their equally-thuggish American counterparts. This places the two terrorists at the same airport where DEA agents brandishing submachine guns seized a Lear jet belonging to the owner of the flight school [Hilliard] where Atta and Al-shehhi were taking lessons ... at that very moment.² DEA agents, Hopsicker wrote, ³discovered 43 pounds of heroin aboard Hilliard¹s Lear. The Orlando Sentinel hailed the bust as Œthe largest seizure in Central Florida's history.¹ After we'd learned the whole story, we discovered the bust had been an accident, carried out by low-level DEA operatives not clued-in to the protected nature of the trade. Nor was this the only time Hilliard's name came up in connection with narcotics trafficking.²10 Likewise, Hilliard¹s Saudi boss would soon be immersed in criminal activity of his own -- with direct ties to terrorism -- in Armenia. Banking fraud was rampant there, Global News Wire reported in August, 2004, ³thanks to the Arab millionaire Adnan Khashoggi -- an active partner of Armenian businessmen in the illicit drug and arms trades.² Khashoggi¹s first bucket-shop banking operation was a branch of the Caucasus Investment Bank in Susa. In quick succession, with the assistance of Abu Muslum, an Arab businessman, he opened the Hamaz and Beit ul-Muqaddas banks. Rovsan Novruzoglu, a political scientist and director of the International Strategic Research Center in Azerbaijan, observes that Adnan Khashoggi¹s banks ³played a big part in the formation of terrorist camps and in the opening of laboratories for developing chemical and bacteriological weapons in Nagornyy Karabakh.²11 Back home, Hilliard's flight school, as Hopsicker reported, ³was training dozens of terrorists to fly -- including both pilots crashing into the World Trade Center.² ... ------------- NOTES 1) Greg Palast, ³Poppy Strikes Gold,² excerpt from The Best Democracy Money Can Buy,² http://www.democraticunderground.com/articles/03/07/09_gold.html. 2) Ibid. 3) Greg Palast, ³Best democracy money can buy: Gregory Palast examines the sources of the $500m that boosted Bush's bid for the White House,² Observer, November 26, 2000. 4) Lois Ann Battuello, e-mail exchange with author, October 1, 2004. 5) Ibid. Today, Khashoggi has interests in some 1500 companies, and indirect involvement in others. The second largest shareholder in Ruppert Murdoch¹s News Corp., for instance, is Prince Walid bin Talal bin Abdulaziz as Saud (Prince Alwaleed), a Khashoggi colleague. 6) Ibid. 7) Jay Taylor, ³Jay Taylor: J. Taylor's Gold and Technology Stocks² (Volume 22 No. 15), January 3 2004. 8) Martin J. Rivers, ³A Wolf in Sheikhs Clothing: Bush Business Deals with 9 Partners of bin Laden¹s Banker,² Geocities, March 15, 2004. 9) Sander Hicks, ³No Easy Answer - Heroin, Al Qaeda And The Florida Flight School,² Long Island Press, February 19, 2004. 10) Daniel Hopsicker, ³9/11's Big Dirty Secret,² MadCowMorningNews, July 19 2004, http://www.madcowprod.com. 11) M. Macidli, ³Azerbaijani Daily Outlines Activities of International Armenian Haybun Organization,² Global News Wire, August 27, 2003. www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. 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Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[EMAIL PROTECTED]/ <A HREF="http://www.mail-archive.com/[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
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