BCCI Oil Money
The first of many G.W. Bush business ventures eventually bailed out or
liquidated before bankruptcy was his oil company Arbusto Energy. In 1977,
Bush received a $50,000 investment from James R. Bath, a Houston businessman
who "made his fortune by investing money for [Sheikh Kalid bin] Mahfouz and
another BCCI-connected Saudi, Sheikh bin Laden" according to Time
correspondents Jonathan Beaty and S.C. Gwynne. Of special note is that
Sheikh bin Laden is widely believed to be the father of Osama bin Laden,
terrorist bomber of two U.S. embassies in 1998.
Bath, who had no funds of his own, is believed to have acted as the
American representative for Saudi Arabian sheikhs who, as Hatfield describes
it, used "their enormous financial resources to influence U.S. policy." As
son of the recent director of the CIA, G.W. Bush and his oil startup were a
perfect opportunity to buy influence. Ironically, it was with money
allegedly tied to the family of Saudi terrorist Osama bin Laden.
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