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View Diary: Bandar Bush Fingered In $2 Billion Bribery Probe (157 comments)

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  •  Thanks for this link... (9+ / 0-)

      This is the first place I had seen the name of the Bank in Washington where monies were being transferred. Ready! Drum Roll. Riggs Bank. Here are a few points about Riggs for those that don't know its sordid history.

    Scandals
    In the early 2000s, Riggs was beset with scandal. Investigators were surprised that so little oversight was conducted involving suspicious international transactions, especially after the September 11 attacks. A bank regulated by the Office of the Comptroller of the Currency, the OCC itself lost some creditability especially when other government agencies and the U.S. Senate launched their own investigations and discovered transgressions that the OCC should have cited long ago.

    [edit] Saudi money transfers
    A Saudi named Omar al-Bayoumi housed and opened bank accounts for two of the 9/11 hijackers. About two weeks after the assistance began, al-Bayoumi's wife began receiving monthly payments totaling tens of thousands of dollars from Princess Haifa bint Faisal, the wife of Saudi ambassador and Bush confidant Prince Bandar bin Sultan, through a Riggs bank account.[1] Upon discovery of these transactions, the FBI began investigating the bank for possible money-laundering and terrorist financing.

    Although the FBI and later the 9/11 Commission ultimately stated that the money was not intentionally being routed to fund terrorists, investigators were surprised to see how lax the safeguards at Riggs Bank were. Several Saudi accounts were discovered to have financial improprieties, including a lack of required background checks and a consistent failure to alert regulators of large transactions, in violation of the law. Many of these transactions involved Prince Bandar personally, often transferring over $1 million at a time.

    Jonathan Bush, uncle of President George W. Bush, was an executive at Riggs Bank during this period.

        As of May, 2005, the name has been changed to PNC but the abuses keep crawling from the cracks. Federal prosecutors should subpoena all transactions from this Bank over the last 25 years. The monies that have gone through this Bank would make a good start for the World Hall of Fame for Criminals.
        This will be all over MSM news just as soon as they get over the shock an expose on Paris Hilton out of prison already after just 3 days.
       

    Eisenhower- "We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage."

    by NC Dem on Thu Jun 07, 2007 at 07:17:46 AM PDT

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    •  Another Bush bank tied to money laundering? (7+ / 0-)

      What a surprise that another Bush bank is tied to financing warmongering evil-doers.

      Like great-grandfather - Herbert Walker (Nazis)

      Thyssen did not need any foreign bank accounts because his family secretly owned an entire chain of banks. He did not have to transfer his Nazi assets at the end of World War II, all he had to do was transfer the ownership documents - stocks, bonds, deeds and trusts--from his bank in Berlin through his bank in Holland to his American friends in New York City: Prescott Bush and Herbert Walker. Thyssen's partners in crime were the father and father-in-law of a future President of the United States.

      Like grandfather - Prescott Bush (Nazis)

      The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator's action should have been grounds for prosecution for giving aid and comfort to the enemy.

      Like uncle - Jonathan Bush (9-11 hijackers)

      Riggs Bank:  A Saudi named Omar al-Bayoumi housed and opened bank accounts for two of the 9/11 hijackers. About two weeks after the assistance began, al-Bayoumi's wife began receiving monthly payments totaling tens of thousands of dollars from Princess Haifa bint Faisal, the wife of Saudi ambassador and Bush confidant Prince Bandar bin Sultan, through a Riggs bank account.  Upon discovery of these transactions, the FBI began investigating the bank for possible money-laundering and terrorist financing.

      Like brother - Neil Bush (Contras and drug cartels)

      Village Voice:  Silverado was part of a daisy chain of fraud riddled S&Ls that had business links to organized crime figures and CIA operatives. After all, George [HW Bush]'s own father had made a business out of dealing with the Nazis, and George himself has a personal affinity for dictators, spooks, and speculators.

      Like - what a coincidence!

      "Victory attained by violence is tantamount to a defeat, for it is momentary." - Mahatma Gandhi

      by LondonYank on Thu Jun 07, 2007 at 07:37:51 AM PDT

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      •  So perhaps there is much more to (1+ / 0-)
        Recommended by:
        LondonYank

        Blair stopping the investigation that just jobs in the UK. Interesting, indeed.

        17. Ne5

        In chess you may hit a man when he's down -- Irving Chernev, on Przepiorka v. Prokes, Budapest, 1929

        by Spud1 on Thu Jun 07, 2007 at 10:09:08 AM PDT

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