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Bank of Credit and Commerce International (view source)
Revision as of 19:18, October 31, 2016
, 19:18, October 31, 2016→Pakistani nuclear bomb
But while BCCI founder Abedi had intended BCCI to finance the development of a Pakistani nuclear bomb, this effort was compromised at the start by the presence of Kamal Adham, who through Credit and Commerce American Holdings (CCAH) was the controlling power behind First American. Adham was both a [[CIA]] and a [[Mossad]] asset. Adham attended CIA training school with the head of the Mossad.
But while BCCI founder Abedi had intended BCCI to finance the development of a Pakistani nuclear bomb, this effort was compromised at the start by the presence of Kamal Adham, who through Credit and Commerce American Holdings (CCAH) was the controlling power behind First American. Adham was both a [[CIA]] and a [[Mossad]] asset. Adham attended CIA training school with the head of the Mossad.
{{Quotebox|"Kamal Adham, who was the CIA's principal liason for the entire [[Middle East]] from the mid-1960's through 1979, was the lead frontman for BCCI in its takeover of First American, was an important nominee [[shareholder]] in BCCI, and remains one of the key players in the entire BCCI affair."<ref>Senator John Kerry and Senator Hank Brown, ''The BCCI Affair: a Report to the Committee on Foreign Relations'', United States Senate, December 1992</ref>}}
{{Quotebox|"Kamal Adham, who was the CIA's principal liason for the entire [[Middle East]] from the mid-1960's through 1979, was the lead frontman for BCCI in its takeover of First American, was an important nominee [[shareholder]] in BCCI, and remains one of the key players in the entire BCCI affair."<ref>Senator John Kerry and Senator Hank Brown, ''The BCCI Affair: a Report to the Committee on Foreign Relations'', United States Senate, December 1992</ref>}}
==Noriega and the Afghan rebels==
BCCI became a important conduit for CIA intelligence and the [[NSA]]. When Norman Bailey at the [[National Security Council]] urged NSA to "follow the money" as part of the "wars" on terrorism and drugs, the NSA had BCCI as an obvious banking target. The CIA was there also to assist in the monitoring of BCCI related money flows of other intelligence and criminal enterprises. BCCI had become a giant laundry machine, and the CIA made use of BCCI for their own covert money transfers.
The CIA used BCCI branches in Pakistan to launder payments to the Afghan rebels, and Pakistani officials used the same bank to launder [[heroin]] profits. The finance minister of Pakistan confirmed that the bank laundered CIA contributions to the Afghan rebels, but claims it was "not even handling 1 percent of total drug money."<ref>Financial Times, July 25, 1991</ref>
Another example involves [[Manuel Noriega]]. Noriega had earlier gotten into trouble with the [[US State Department]] because of his drug dealing. But this changed when his support was needed in the negotiations for a new [[Panama Canal Treaty]].
==American branch==
==American branch==