(3/8/00)  Khaled Bin Mahfouz has been placed under house arrest at a hospital in Taef at the request of American authorities.  Mahfouz is reported to have made contributions to "welfare associations" close to terrorist Ussama Bin Laden.  Bin Laden is America's most wanted terrorist. The story will develop.  The details are shrouded in secrecy.  Who ordered this arrest?  Clinton?  Old Bush regime holdovers?  Why?  

When George W. Bush Jr. worked as a director and Shareholder of Harken oil company, Saudi financier Abdullah Taha Bakhsh bailed out the debt-ridden company by purchasing a 17% share. Bakhsh's banker in Saudi Arabia was Mahfouz, head of the country's largest bank, National Commercial, and one of the key players in the BCCI scandal.

In 1987, David Edwards, Arkansas investment banker and Clinton crony, brought  Bakhsh to Harken,  which was in debt and needed cash to survive.  Bakhsh bought a 17% share of Harken.  Bakhsh's banker in Saudi Arabia was Mahfouz, head of the National Commercial Bank.  The Bush public relations machine has never denied that Mr. Bakhsh's 17% share was purchased with funding from  Mahfouz's National Commercial Bank of Saudi Arabia.  

NewsMakingNews asks:  Do George W. Bush and companies for which he serves as a Director or major shareholder still have financial ties to Mahfouz?   It is a violation of federal law for Americans to provide monetary support (directly or indirectly) to groups (such as Bin Laden's organization) listed on the FBI's terrorist list.

In 1992, New York City D.A. Robert Morgenthau and the Federal Reserve Board charged Khalid Bin Mahfouz with scheming to conceal BCCI's role in U.S. banking.  Mahfouz paid $225 million in fines and restitution as part of a settlement, and agreed not to again seek a major role in U.S. banking.

In 1993, Bahrain chose tiny oil company Harken, in a joint exploration pact with the Bass Brothers, to explore an offshore site for gas and oil.  George W. Bush was a Harken director and shareholder. Soon the Operation Desert Storm war commenced.  And as the troops marched to face death and Gulf War diseases, the money flowed and flowed into the Bush coffers.                                             

Click.  Read the labyrinthine details in an excerpt of the Wall Street Journal article (9/27/99) by Micah Morison.