Word: iraq
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Dates: during 1990-1999
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...past three years B.C.C.I. has brokered and financed the sale of Astros II battlefield multiple-rocket launchers from Brazil to both Iran and Iraq. The enterprise has also sold Chinese Silkworm missiles to both countries. A spokesman for Avibras Industria, maker of the Astros rocket system, concedes sales to Iraq but denies any sales to Iran or any deals involving B.C.C.I. A spokesman also allows that the company received "insignificant" financing from the Brazilian B.C.C.I. bank that was used for "domestic purposes...
...B.C.C.I. supplied Iraq with French-made Roland antiaircraft missile systems and with G-6 mobile artillery units from South Africa...
...made a number of other claims that have been contested by the Justice Department, another well-placed source confirms that Asaf Ali is backed financially by B.C.C.I. in his worldwide deals and that he brokers Mirages, including some top-of-the-line Mirage 2000s that were sold to Iraq, Libya and Abu Dhabi, among other countries...
While munitions-control experts in the U.S. have evidence that B.C.C.I. played a role in the delivery of munitions-grade nuclear hardware and technology to Iraq and Iran, it is the Pakistanis who are the chief beneficiaries of Abedi's multifarious services. "You can't draw a line separating the bank's black operatives and Pakistan's intelligence services," says an international arms broker, who provided details of recent B.C.C.I.-generated orders for nuclear-bomb supplies for Pakistan. "And in Karachi his bankers are surprisingly patriotic...
Sources also point to China as a supplier of nuclear hardware for Pakistan, as well as missile-delivery systems for Pakistan, Syria, Iraq and Saudi Arabia, including a B.C.C.I.-brokered sale of midrange ballistic missiles to ( the Saudis in 1988. By way of explanation, they cite B.C.C.I.'s close banking relations with China, where $400 million in assets were frozen after the bank's offices were shut down in July. Abedi's bank had been the first Western-style bank allowed to operate on the communist mainland, in part because of Abedi's early support of CITIC, the Chinese investment...