How GHW Bush's Carlyle Group Gains Windfall from Wars
August 2, 2015
In 2003, the directors of the American based Carlyle Group -- one of the world’s largest armament -- companies met in Lisbon. The Carlyle Group was heavily involved in supplying arms to the Coalition forces fighting in Iraqi. It also holds a majority of shares in the Seven Up company and Federal Data Corporation, supplier of air traffic control surveillance systems to the FAA. The board of the $12 billion company includes a former president and former intelligence and Pentagon officials.
How Bush Family Group Gains Windfall from Wars
The Carlyle Group, integrated by the Bush and bin Laden families awarded a billion dollar contract to "rebuild" Iraq
(April 6, 2003) -- Directors of one of the world’s largest armament companies are planning on meeting in Lisbon in three weeks time. The American based Carlyle Group is heavily involved in supplying arms to the Coalition forces fighting in the Iraqi war.
It also holds a majority of shares in the Seven Up company and Federal Data Corporation, supplier of air traffic control surveillance systems to the US Federal Aviation Authority. The 12 billion dollar company has recently signed contracts with United Defence Industries to equip the Turkish and Saudi Arabian armies with aviation defence systems.
Top of the meeting’s agenda is expected to be the company’s involvement in the rebuilding of Baghdad’s infrastructure after the cessation of current hostilities. Along with several other US companies, the Carlyle Group is expected to be awarded a billion dollar contract by the US Government to help in the redevelopment of airfields and urban areas destroyed by Coalition aerial bombardments.
The Group is managed by a team of former US Government personnel including its president Frank Carlucci, former deputy director of the CIA before becoming Defence Secretary. His deputy is James Baker II, who was Secretary of State under George Bush senior.
Several high profile former politicians are employed to represent the company overseas, among them John Major, former British Prime Minister, along with George Bush senior, one time CIA director before becoming US President.
The financial assets of the Saudi Binladen Corporation (SBC) are also managed by the Carlyle Group. The SBC is headed up by members of Osama bin Laden’s family, who played a principle role in helping George W. Bush win petroleum concessions from Bahrain when he was head of the Texan oil company, Harken Energy Corporation -- a deal that was to make the Bush family millions of dollars. Salem, Osama bin Laden’s brother, was represented on Harken’s board of directors by his American agent, James R. Bath.
The connection between the Bush and bin Laden families can also be traced to the collapse of the Bank of Credit and Commerce International (BCCI) in the 1990s. Members of the Anglo Pakistani bank’s board of directors included Richard Helms and William Casey, business partners of George Bush senior and former CIA agents. During their time at BCCI both Helms and Casey worked alongside fellow director, Adnan Khasshoggi, who also represented the bin Laden family’s interests in the US.
The Portugal News has been told by a reliable source that the Carlyle Group meeting in Lisbon will discuss the relationship between the Saudi Binladen Corporation (SBC) and Osama bin Laden. Many US officials claim that the SBC continues to finance his political activities, and has done so for many years.
If true, this would place George Bush senior and his colleagues at the Carlyle Group in an embarrassing position. As managers of SBC’s financial investments they might well be accused of indirectly aiding and abetting the United States’ number one enemy.
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