Word: adham
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Dates: during 1980-1989
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...Bert Lance most of his shares in the National Bank of Georgia for $2.4 million, a price far above the market value; other Arab moneymen reportedly arranged a loan for Lance of about $3.5 million. In another case, a group of Arabs, led by a shadowy sheik named Kamal Adham, the former chief of Saudi internal intelligence, touched off a confusing imbroglio in Washington by trying to take over 55-year-old Financial General Bankshares Inc. With assets of $2.3 billion, the holding company owns a chain of twelve banks stretching from Tennessee to New York. After a proxy fight...