Word: hakim
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Dates: during 1980-1989
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...Button account was disclosed by a key player in the scandal, Iranian- born Businessman Albert Hakim. He handled the financial side of the Iran- contra "enterprise," while North took care of the political end and retired Air Force Major General Richard Secord, a business partner of Hakim's, oversaw operations. "I intended to profit from my activities," said Hakim. "I never made any pretense about that fact." And profit he did. The enterprise made a total of $14.9 million from its transactions; $8 million of those profits were frozen in bank accounts after the scandal broke...
...government outsider, but he took his absurd style of governing as a government outsider a bit too far when he allowed his aides to formulate and execute American foreign policy in the White House basement, bypassing the State Department as well as the Congress. At one point Albert Hakim, an Iranian financier and arms merchant, was sent to Iran by high administration officials to negotiate secret treaties on behalf of the U.S. with the ayatollahs...
Much of the testimony at the congressional hearings has revolved around the question of profiteering. Secord admitted that he and his business partner, Albert Hakim, hold in Swiss bank accounts some $8 million generated by the Iran-contra "enterprise." He said he had no interest in keeping this money and would gladly give it to the contras as a memorial to the late CIA director William Casey. But meanwhile he has taken court action to keep U.S. investigators from acquiring the bank records of these accounts...
This week the congressional committee will hear from Albert Hakim, an Iranian-born businessman who worked on both the Iran arms deal and the contra- arms network. Meanwhile, David Kimche, a former official of the Israeli Foreign Ministry who has been identified as the originator of a plan to sell U.S.-made weapons to Iran, successfully resisted an attempt by Walsh to compel him to testify before a grand jury...
Another bone of contention was the $7.9 million paid by Iran for U.S. weapons and left in Swiss accounts. Legislators contended that it is Government property, since it derives from the sale of federal assets. Secord insisted that it properly belonged to the "enterprise," meaning essentially Hakim and him. Under that interpretation, observed House Counsel Nields, "you could have gone off and bought an island in the Mediterranean." Yes, said Secord, "but I did not go to Bimini." The allusion to Gary Hart's troubles set off a gale of laughter. Secord eventually asserted that he intended to donate...