Word: dhabi
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Lake's firm also represents the Abu Dhabi Investment Authority, which owns a majority stake in the scandal-plagued Bank of Credit and Commerce International. Massachusetts Senator John Kerry has accused the holding company of hiding evidence of B.C.C.I.'s fraud from U.S. investigators. In April, according to documents filed with the Justice Department, Lake put aside his campaign work for five days and flew to Abu Dhabi to consult with company officials about "strategy and developments." Says Lake: "We gave them advice. That's not lobbying...
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...
Anyone who doubted that the Olympics represents a gathering of nations need only have listened to Leo Latino serenading diners in the Coyote Cafe Tex-Mex restaurant, or have seen the Abu Dhabi princes enjoying the attentions of a Brazilian waitress down the street, while Biancas and Andys swapped kisses in the Dakota Rock Bar. "The T-bone steak is with French fries and Mexican beans?" demanded a Nordic athlete of an Elvis-impersonating Frenchman, while the American at the next table, a drug tester, remarked wryly, "Yes, Ben Johnson really put doping...
...most prominent victim of Abedi's flimflam operation was the man whose wealth helped finance B.C.C.I.: Sheik Zayed bin Sultan al-Nahayan of Abu Dhabi, President of the United Arab Emirates. Investigators say approximately $2 billion of Zayed's own money, along with $7 billion in Abu Dhabi state funds, has disappeared into the bank's black hole. In the U.S., B.C.C.I.'s secret ownership of Washington's largest bank, First American, implicated former Defense Secretary Clark Clifford. As chairman of First American, Clifford had denied that B.C.C.I. controlled the Washington bank; he and his partner, Robert Altman, now face...
...Middle East. "What B.C.C.I. was all about is the infusion of Arab dollars into the U.S. and the political influence that goes with it," says a B.C.C.I. investigator. Just what Zayed might demand for pouring more billions into what's left of B.C.C.I. remains unspoken, but Abu Dhabi has made it clear in the past that it would prefer some sort of restructuring to outright liquidation...