Word: morgenthau
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Dates: during 1990-1999
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Simultaneous probes by the office of New York District Attorney Robert Morgenthau, the Justice Department and the Federal Reserve indicate that Clifford, as chairman of First American, and Altman, as president, acted as knowing front men for B.C.C.I. founder Agha Hasan Abedi, falsifying documents and lying to authorities. The two are also charged with using First American's 1987 purchase of National Bank of Georgia as a vehicle for transferring huge and unmerited profits to B.C.C.I., all under Abedi's direction...
Adham is just the latest of several Saudis with intimate ties to the royal family who have been dragged into the 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...
...message from New York District Attorney Robert Morgenthau, still in pursuit of culprits in the Bank of Credit & Commerce International scandal, was broadly aimed. "No participant in the B.C.C.I. scheme, here or abroad, however influential, should expect to escape justice," declared Morgenthau. The D.A. then made good on his threat by delivering a grand jury indictment of billionaire Sheik Khalid bin Mahfouz, CEO of the National Commercial Bank, the largest commercial bank in Saudi Arabia, and a financial adviser to the Saudi royal family, on charges of fraud. Other targets of a criminal grand jury led by Morgenthau include intimates...
...Ahmad, who fled to Pakistan after authorities sought him for questioning in 1990, had sneaked back into the U.S. to sell his house and is now being held without bail as a material witness. He is currently being interrogated by the Justice Department and New York District Attorney Robert Morgenthau's B.C.C.I. team...
...corporate guilty plea will not slow down the pending indictments of individuals connected to the bank. The investigation has speeded up now that cooperation has improved between federal officials, led by U.S. Attorney General William Barr, and state prosecutors in New York, led by Manhattan district attorney Robert Morgenthau. For months Morgenthau's unprecedented worldwide probe had been running rings around the foot-dragging Justice investigation. Plenty remains to be uncovered. A grand jury in Manhattan is looking into the roles played in B.C.C.I.'s schemes by First American's ex- chairman, former Defense Secretary Clark Clifford...