Word: saudi
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Dates: during 1990-1999
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...last year Americans heard of the labyrinthine lawlessness of the Pakistani Bank of Credit & Commerce International. But unlike depositors shut out in places like Britain and Hong Kong, they felt no real impact. That changed after a New York grand jury indicted Sheik Khalid bin Mahfouz, head of Saudi Arabia's National Commercial Bank, for fraud in connection with the scandal. Last week the Federal Reserve sought a $170 million fine from Mahfouz -- the largest ever from an individual -- for his alleged role in illegally buying a controlling interest in Washington's First American Bankshares from B.C.C.I., and the Comptroller...
...service-wide stand-down so that all personnel can devote a full day to sexual-harassment training. And on Capitol Hill four women recounted tales of sexual harassment to a Senate panel. Jacqueline Ortiz, an Army reservist, told of being "forcibly sodomized" by Sergeant David Martinez while serving in Saudi Arabia during Desert Storm. When she reported the attack to her superiors, she was ignored. Last week the Army belatedly charged Martinez with sexual assault...
...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 of the royal families of Saudi Arabia and the United Arab Republic. Mahfouz, a principal shareholder in B.C.C.I., was charged with involvement in a billion...
...name. Bailed out once by a Mexican publisher, the struggling 34-year-old U.S. wire service again avoided dissolution when London-based Middle East Broadcasting Center agreed to purchase it for $3.95 million. The chairman and principal shareholder of MBC is Sheik Walid al-Ibrahim, brother-in-law of Saudi Arabia's King Fahd. The U.P.I. purchase marks the Saudis' first foray into the mainstream American press...
Muslim extremists are widening their following in Saudi Arabia. Despite the kingdom's jailing of the 20 leading Saudi fundamentalists, tape recordings of their sermons seem to be everywhere. The fundamentalists maintain that American troops were sent to the gulf not to fight Saddam Hussein but to prepare for war between Christianity and Islam. The Saudi preachers also contend that Protestants from the West have been exploiting tensions between Israel and its Arab neighbors to this end. They cite actions by American Presidents Richard Nixon and Jimmy Carter as well as televangelists Jimmy Swaggart, Jerry Falwell and Pat Robertson...