Word: munther
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...into a $30 million loan that the bank extended to the country in 1988-89. Government officials told TIME they suspect that some of the money may have gone to pay bribes to stifle a four-year-old investigation of a major B.C.C.I. client, coffee smuggler and arms merchant Munther Bilbeisi. "If the $30 million was given to corrupt public officials and that can be proved, then the loan should be wiped out or reduced," says Fernando Arevalo Reina of the Guatemalan Attorney General's office. (Bilbeisi has denied any wrongdoing...
When times were golden for Florida coffee importer Munther Ismael Bilbeisi, he would tell friends his business was so important that the Bank of Credit & Commerce International set up a special branch in Boca Raton just to handle his accounts and those of a few other high rollers. His boast was not unfounded. During the 1980s his Coffee Inc. sold millions of pounds of Central American beans to American buyers. A Mercedes, a Porsche and a Rolls-Royce sat in the driveway of the expatriate Jordanian's $1.8 million home...
Competition for water is especially fierce between Israel and Jordan, which must share the Jordan River basin. Many towns in Jordan receive water only two times a week, and the country must double its supply within 20 years just to keep up with population growth. "We are cornered," admits Munther Haddadin, a Jordanian development official. With time running out, Jordan hopes to draw additional reserves from the Yarmuk river. Israel, however, will fight any plans for use of the river that do not give guarantees of access to the Yarmuk waters that the country currently uses...