-Caveat Lector-

the Carlyle Group's web page has been yanked so that
it may be "redesigned" - sanitized?

http://www.judicialwatch.org/press_release.asp?pr_id=1624

WALL STREET JOURNAL: BUSH SR. IN BUSINESS WITH BIN
LADEN FAMILY CONGLOMERATE THROUGH CARLYLE GROUP

FAMILY HAD RENOUNCED TIES TO TERRORIST SON BUT FAMILY
STILL UNDER FBI INVESTIGATION

FATHER OF PRESIDENT SHOULD PULL OUT OF INTERNATIONAL
CONSULTING FIRM


(Washington, DC) Judicial Watch, the public interest
law firm that investigates and prosecutes government
corruption and abuse, reacted with disbelief to The
Wall Street Journal report of yesterday that George
H.W. Bush, the father of President Bush, works for the
bin Laden family business in Saudi Arabia through the
Carlyle Group, an international consulting firm. The
senior Bush had met with the bin Laden family at least
twice. (Other top Republicans are also associated with
the Carlyle group, such as former Secretary of State
James A. Baker.) The terrorist leader Osama bin Laden
had supposedly been ¡§disowned¡¨ by his family, which
runs a multi-billion dollar business in Saudi Arabia
and is a major investor in the senior Bush¡¦s firm.
Other reports have questioned, though, whether members
of his Saudi family have truly cut off Osama bin
Laden. Indeed, the Journal also reported yesterday
that the FBI has subpoenaed the bin Laden family
business¡¦s bank records.

Judicial Watch earlier this year had strongly
criticized President Bush¡¦s father¡¦s association
with the Carlyle Group, pointing out in a March 5
statement that it was a ¡§conflict of interest (which)
could cause problems for America¡¦s foreign policy in
Middle East and Asia.¡¨ Judicial Watch called for the
senior Bush to resign from the firm then.

¡§This conflict of interest has now turned into a
scandal. The idea of the President¡¦s father, an
ex-president himself, doing business with a company
under investigation by the FBI in the terror attacks
of September 11 is horrible. President Bush should not
ask, but demand, that his father pull out of the
Carlyle Group,¡¨ stated Judicial Watch Chairman and
General Counsel Larry Klayman.

¡§This has the potential of making ¡¥Billygate¡¦
(Jimmy Carter¡¦s brother¡¦s dealings with Libya) look
like small potatoes,¡¨ added Judicial Watch President
Tom Fitton.

See "Bin Laden Family Could Profit From a Jump In
Defense Spending Due to Ties to U.S. Bank," by Daniel
Golden, James Bandler, and Marcus Walker, The Wall
Street Journal, 9/28/01 (www.wsj.com, subscription
required).


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