A companion to the official Kerry-Edwards 2004 campaign website.

Monday, September 06, 2004

Busting Up BCCI


The BCCI Affair
A Report to the Committee on Foreign Relations

United States Senate
by Senator John Kerry and Senator Hank Brown



Bank of Credit and Commerce International (BCCI) was a major international bank. At its peak, it operated in 78 countries and had over 400 branches and claimed assets of $25 billion.
It was embroiled in the world's worst financial scandal in 1991. It was found to be involved in money laundering, bribery, "support of terrorism, arms trafficking, and the sale of nuclear technologies;... the commission and facilitation of income tax evasion, smuggling, and illegal immigration; illicit purchases of banks and real estate". The bank was found to be effectively worthless. $13 billion was unaccounted for.

-Wikipedia entry, "BCCI"


James Reynolds Bath was a former director of BCCI, and part owner of Arbusto Energy. Arbusto was formed by George W. Bush, with whom Bath served as a member of the Texas Air National Guard. Like Bush, Bath was suspended from flying status in 1972 for failing to accomplish his annual medical examination.

-Wikipedia entry, James R Bath


"During their investigation of Noriega, Kerry's staff found reason to believe that the Pakistan-based Bank of Credit and Commerce International (BCCI) had facilitated Noriega's drug trafficking and money laundering. This led to a separate inquiry into BCCI, and as a result, banking regulators shut down BCCI in 1991. In December 1992, Kerry and Sen. Hank Brown, a Republican from Colorado, released The BCCI Affair, a report on the BCCI scandal. The report showed that the bank was crooked and was working with terrorists, including Abu Nidal. It blasted the Department of Justice, the Department of the Treasury, the Customs Service, the Federal Reserve Bank, as well as influential lobbyists and the CIA."

-Wikipedia entry, John F Kerry


"BCCI's unique criminal structure -- an elaborate corporate spider-web with BCCI's founder, Agha Hasan Abedi and his assistant, Swaleh Naqvi, in the middle -- was an essential component of its spectacular growth, and a guarantee of its eventual collapse. The structure was conceived by Abedi and managed by Naqvi for the specific purpose of evading regulation or control by governments. It functioned to frustrate the full understanding of BCCI's operations by anyone. "

-Kerry/Brown BCCI Affair Investigation, Executive Summary


In other words Kerry was directly responsible for DISCOVERING and STOPPING this corrupt bank from dealing with terrorists and giving the money to guys like James Bath and Arbusto. Is everybody caught up on BCCI now? Granted this happened in the early 90s and I was about 8 years old. I am 21 now and ready to cast my first Presidential vote for John Kerry because I can READ the writing on the wall and it says Kerry had a fine Senate record busting up guys like George W Bush and James Bath who are in positions of power and influence right now! That is why they are so afraid of Kerry and the Truth he carries with him. He knows them and their tricks. Between him and John Edwards they will expose the massive amounts of criminal wrongdoings in the Bush Administration. This means BCCI, the Plame Affair, the bad intelligence, and Abu Ghraib. Bush has many questions to answer still and we will demand he answer them before election day!!