Monday, June 09, 2008

Indicted Saudi Crook Given $80 Mil Contract By Pentagon

Since George Bush doesn't care about the rule of law when it comes to his actions as President, why would it matter for anyone else? For Saudi financier and indicted crook Gaith Pharaon, it helps to have friends at high places in the Bush Administration. Gaith was implicated in the Bank of Credit and Commerce International collapse and is wanted by the Department of Justice. They never got him because he fled the country but apparently for Bush, he can still help himself to our taxpayer dollars to the tune of $80,000,000.

From Newshoggers:

The Bush administration looks out for it's friends even when they support the terrorists. (Hat Tip to John Cole)

Indicted Saudi Gets $80 Million US Contract

The US military has awarded an $80 million contract to a prominent Saudi financier who has been indicted by the US Justice Department. The contract to supply jet fuel to American bases in Afghanistan was awarded to the Attock Refinery Ltd, a Pakistani-based refinery owned by Gaith Pharaon. Pharaon is wanted in connection with his alleged role at the failed Bank of Credit and Commerce International (BCCI), and the CenTrust savings and loan scandal, which cost US tax payers $1.7 billion.

The Saudi businessman was also named in a 2002 French parliamentary report as having links to informal money transfer networks called hawala, known to be used by traders and terrorists, including Al Qaeda.

Interestingly, Pharaon was also an investor in President George W. Bush's first business venture, Arbusto Energy.


See, a little help from way back in George's Texas days goes a long way! Who cares if he helps funnel money to Al Qaeda or caused the U.S. economy to blow $1.7 billion in the BCCI scandal? As long as you are one of Bush's friends, nothing else matters.