GWB* - Arbusto Oil and the bin Laden Connection

[Q]

Arbusto Oil and the bin Laden Connection

By William Bowles

05/11/03: ( Information Clearing House ) Oh what a tangled Web we weave. Salem bin Laden, one of 57 children their father Mohammed sired with his 12 wives, and Bush were founders of the Arbusto Energy oil company in Texas (I assume not with the 12 wives as well).

He died in a plane crash -- like his father -- but not before the Arbusto Energy Oil Company, founded in 1978, had become hugely successful. Later, Spectrum 7 Corp bought out Arbusto (now called Bush Exploration Co). In 1986, with the company on the verge of bankruptcy, it was purchased by Harken (see Harken entry), and even though Bush Exploration Co had debts of $3 million, Harken paid Bush $2 million for his stock.

See also the BCCI (Bank of Credit & Commerce) connection, another murky international scandal involving drug money laundering etc which one of the original investors in Arbusto, James R. Bath, a Houston businessman and old friend of GWB was involved in.

"Time magazine described Bath in 1991 as "a deal broker whose alleged associations run from the CIA to a major shareholder and director of the Bank of Credit & Commerce." BCCI, as it was more commonly known, closed its doors in July 1991 amid charges of multibillion-dollar fraud and global news reports that the financial institution had been heavily involved in drug money laundering, arms brokering, covert intelligence work, bribery of government officials and–here's the kicker–aid to terrorists." - http://www.informationclearinghouse.info/article3332.htm

[DagmarK]

1. Isn't Bath also the guy who got grounded with Bush Jr. from flying...

because they wouldn't take a drug test??????

Correct me if I am wrong....

My, Bush Sr. really nurtured some little gems: Rove, Bush Jr., Bath

[Octafish]

5. It's the same Bath.

Bath fronted for the bin Ladens in the USA. That's how bin Ladens helped Smirko stay in business, even though everything he touched turned to crapola. Here's more background:




Excerpt...

Jihad

The 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)

CONTINUED (WITH SOURCES)...

http://www.hermes-press.com/BushSaud.htm

BTW: All this BCCI business was made public through the efforts of one freshman Senator — John Kerry.

[GainesT1958]

2. I'm really looking foward to Michael Moore's next movie...

It's starting to look as though the more pages that are left "blank" in that 9/11 Report, the juicier the revelations in that flick of his are going to be! :eyes:

B-)

[whoYaCallinAlib]

3. Can't wait. And the timing couldn't be better.

I just hope he backs up his accusations with provable facts so the repukes can't discredit the movie as left-wing whacko propaganda.

[robbedvoter]

4. Hold on - "Arbusto became hugely successful"? I doubt it.

In fact I read in different places that the buy-out from Spectrum was engineered as a bail-out for W. Arbusto was supposed to find oil and never did.

[lfairban]

6. More links:

Bush family’s dirty little secret:
President’s oil companies funded by Bin Laden family and wealthy Saudis who financed Osama bin Laden

http://www.americanfreedomnews.com/afn_articles/bushsecrets.htm

More Harken and OBL at:
http://home.columbus.rr.com/lfairban/Pages/Corporate.htm#Harken

More about Bush (scroll down to History):
http://home.columbus.rr.com/lfairban/Pages/Liberal.htm#Bush