BUSH'S SON LINKED TO NUGAN HAND BANK
George Bush's eldest son, George W., is involved in a business
deal in the Persian Gulf with one William H. Quasha, a Manila
attorney who represented the Philippines branch of the Nugan Hand
Bank. Nugan Hand is the notorious CIA proprietary that collapsed
in 1980 amid charges that it was deeply involved in laundering
drug money. In 1977, it was revealed that Nugan Hand was part of a
network that had exported billions of dollars' worth of heroin
from Bangkok prior to June 1976. (George Bush, senior, took over
as head of the CIA in January 1976).
According to published accounts, Quasha tried to obstruct
investigations into Nugan Hand's illegal operations, advising Gen.
LeRoy Manor, Nugan Hand's representative in the Philippines, to
flee the country to avoid official investigators. Quasha and his
son, New York attorney Alan G. Quasha, are among the principal
owners of Harken Energy Corp., a Texas-based oil company that took
over George W. Bush's failing oil company, Spectrum 7, in 1986.
The younger Bush has served on Harken's board of directors since
then. In January 1990, Harken received exclusive exploration and
drilling rights to all of Bahrain's off-shore territories, a deal
which Charles Strain, a Houston-based energy analyst, told Forbes
magazine was "an incredible deal, unbelievable for this small
company."