Word: pharaonically
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...Arif Durrani, a B.C.C.I.-financed Pakistani arms dealer now doing time in a U.S. federal prison for illegally providing Hawk antiaircraft missile parts to Iran during the Iran-contra era, one of the biggest Mirage dealers in the world is a Pakistani multimillionaire named Asaf Ali. "Just as Ghaith Pharaon fronts for B.C.C.I. to purchase banks and businesses, Asaf is B.C.C.I.'s man in the weapons business," says Durrani, who financed many of his weapons deals through B.C.C.I. offices in London and New York City. While Durrani has made a number of other claims that have been contested...
...B.C.C.I. to acquire the stock, which they held for less than two years. TIME's sources say investigators are probing whether the $10 million profit was a payoff for First American's 1987 purchase of the National Bank of Georgia for some $200 million from B.C.C.I. front man Ghaith Pharaon. That deal bailed out Pharaon and effectively transferred the $200 million from First American to B.C.C.I. Clifford and Altman deny that they carried out the deal under B.C.C.I.'s orders...
...began looking into charges that former President Alan Garcia Perez looted government funds by siphoning them through B.C.C.I. accounts in Panama. Returning from a month-long vacation in Europe, Garcia hotly denied the accusations. At the same time, officials in Chile and Argentina scrutinized the financial affairs of Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man who is building Hyatt hotels in both countries...
...Pharaon and Paul, who is a target of a Miami grand jury investigation of CenTrust, struggled to keep the institution's doors -- and coffers -- open. Pharaon assured regulators that he was backed by oil-rich Arabs who would keep CenTrust solvent. When that tack failed to deter officials, Pharaon and Paul flew CenTrust's corporate jet to Washington to give similar promises to M. Danny Wall, who chaired the Home Loan Bank Board at the time. (Wall recalled the meeting in an interview but said he could not remember the outcome.) After the session, regulators said CenTrust could remain open...
...Just as Pharaon came to CenTrust's aid, so members of Washington's power elite have frequently gone to bat for B.C.C.I. Jack Blum, the former chief investigator for Kerry's subcommittee, stunned the hearing last week by declaring that Altman and Clifford advised Amjad Awan, a B.C.C.I. official who had run the bank's Panama office, to flee the U.S. for Paris in 1988 to avoid a congressional subpoena. Altman, a fast-rising star in Washington legal and social circles, then reportedly arranged for B.C.C.I. to transfer Awan to Paris. But Carl Rauh, an attorney for Clifford and Altman...