Mr. Bath, the bin Laden's official US business representative, was a close, dear friend W made in the Texas Air National Guard. Seems that the terror and fraud business makes for some extreme bedfellows.
BTW: Sen. John Kerry is the reason BCCI was busted. Too bad Ed Meese and Dick Thornburgh thought it best for the country to keep it operational. Kerry took the story to NYC DA Henry Morenthau. From the same article:
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JihadThe Wahhabi Taliban in Afghanistan had the blessings of the Saudi royal family and of The Big Three--the bin Laden family, the al Ahmoudi family, and the Mahfouz family--the richest clans in that medieval kingdom. (A C.I.A. official testified to Congress that Khalid bin Mahfouz is bin Laden’s brother-in-law). The desert oligarchs profited from world-wide investments as well as sleazy banking schemes such as the infamous Bank of Credit and Commerce International.
Salem bin Laden, Osama’s brother, has conducted all his American affairs through James Bath, a Houston crony of the Bush family. Bath’s former business partner Bill White testified in court that Bath had been a liaison for the C.I.A. In 1979 Bath invested $50,000 in Arbusto, George W. Bush’s first business venture. Rumor had it that Bath was acting as Salem bin Laden’s representative. "In conflicting statements, Bush at first denied ever knowing Bath, then acknowledged his stake in Arbusto and that he was aware Bath represented Saudi interests." (4)
In addition to doing aviation business with Saudi sheiks, Bath was part owner of a Houston bank whose chief stockholder was Ghaith Pharaon, who represented the Bank of Commerce and Credit International (BCCI), a criminal global bank with branches in 73 countries. BCCI proceeded to defraud depositors of $10 billion during the ‘80s, while providing a money laundry conduit for the Medellin drug cartel, Asia’s major heroin cartel, Manuel Noriega, Saddam Hussein, the C.I.A., and Islamist terrorist organizations worldwide. (5)
Big Three wheeler-dealer Khalid bin Mahfouz, one of the largest stockholders in the criminal bank, was indicted when the massive BCCI banking scandal blew apart in the early 1990s. The Saudi royal family placed him under house arrest after discovering that Mahfouz had used the royal bank to channel millions of dollars through fake charities into bin Laden’s organizations, but Mahfouz was not so much punished as inconvenienced. (6)
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http://www.hermes-press.com/BushSaud.htm