Word: bins
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Dates: during 1990-1999
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THEY WERE COMRADES-IN-ARMS AND CO-COMMANDers of the Persian Gulf War, but Prince Khaled bin Sultan of Saudi Arabia has now issued some fighting words about his old friend General H. Norman Schwarzkopf. At issue is Schwarzkopf's current best seller, It Doesn't Take a Hero, which General Khaled has read and found riddled with "inaccuracies and slanted remarks." In an unusually open gesture for a member of the Saudi royal family, the prince released a public statement accusing the general of exaggerating his own role during the ) conflict ("One has to wonder whether there...
...journalists. Criminal counts against the bank, shut down by regulators last July, included specific allegations that B.C.C.I. bribed government and banking officials in 10 countries. A B.C.C.I. director, Sheik Kamal Adham, last week became the second prominent Saudi to be caught up in the scandal; last month Sheik Khalid bin Mahfouz, head of the largest commercial bank in Saudi Arabia, was indicted in New York. (See related story on page...
...B.C.C.I. investigations. Also indicted by Manhattan District Attorney Robert Morgenthau was Ghaith Pharaon, the most flamboyant of the Saudis, who bought the National Bank of Georgia from Bert Lance, President Carter's onetime budget chief, and later sold it to First American. Last month Morgenthau moved against Sheik Khalid bin Mahfouz, who headed the largest commercial bank in Saudi Arabia. Still another enormously rich Saudi remains under investigation: Abdul Raouf Khalil, a shareholder in both B.C.C.I. and First American. The barrage of charges against these prominent Saudis poses a sticky problem for the Bush Administration, one that threatens to uncover...
Morgenthau has also been taking a tough line with another U.S. ally in the region, Sheik Zayed bin Sultan al-Nahayan, ruler of Abu Dhabi and President of the United Arab Emirates. "Abu Dhabi has been promising cooperation for a year, but we've gotten nothing out of them," the district attorney said last week. His frustration is understandable: Zayed, now the owner of the tattered remains of B.C.C.I. founder Agha Hasan Abedi's erstwhile $20 billion banking empire, has placed 18 of the bank's top officials -- all of them potential witnesses who could help explain the workings...
...last year Americans heard of the labyrinthine lawlessness of the Pakistani Bank of Credit & Commerce International. But unlike depositors shut out in places like Britain and Hong Kong, they felt no real impact. That changed after a New York grand jury indicted Sheik Khalid bin Mahfouz, head of Saudi Arabia's National Commercial Bank, for fraud in connection with the scandal. Last week the Federal Reserve sought a $170 million fine from Mahfouz -- the largest ever from an individual -- for his alleged role in illegally buying a controlling interest in Washington's First American Bankshares from B.C.C.I., and the Comptroller...