U.S. Military Awards $80 Million Contract to Saudi Fugitive

by Douglas J. Hagmann, Director

5 June 2008: The United States Department of Justice is seeking information for the whereabouts of Saudi “businessman” Ghaith PHARAON. Anyone with any information on his location are requested to contact the FBI or a US Embassy in the applicable country, according to FBI spokesman Richard Kolko.

Perhaps the U.S. Justice Department should give the Pentagon a jingle, because PHARAON’S company - Attock Refinery Ltd., was just awarded a contract worth $80,452,502.39 by the U.S. military to provide jet fuel to military jets in Afghanistan. This year’s contract is worth over $40 million more than the 2007 contract between PHARAON’S company and the U.S.

Why is Ghaith PHARAON wanted by the U.S. Department of Justice, you ask?

Remember the Bank of Credit and Commerce International (BCCI) “scandal” that made headlines in the early 1990’s? BCCI was an international bank founded in 1972 by Agha Hasan Abedi, a financier from Pakistan.

Throughout its first 20 year history, BCCI evolved into a mega-criminal enterprise involving the most despicable and elite - and the most despicably elite. Numerous governments, intelligence agencies, terrorists, politicians, lawyers and lobbyists all had some level of involvement with BCCI, which was finally shut down in 1991.

On July 29, 1991, Manhattan District Attorney Robert Morgenthau, who had been investigating BCCI for over two years, announced that a grand jury seated in Manhattan had indicted BCCI and its founder Agha Hasan Abedi on twelve counts of fraud, money laundering and larceny.

Ghaith PHARAON, the aforementioned businessman and owner of Attock Refinery Ltd., was deeply involved with BCCI (and the CenTrust savings and loan scandal), which cost the U.S. taxpayers an estimated $1.7 billion.

If you think that’s outrageous - wait - there’s more.

PHARAON was an investor in Arbusto Energy, an oil company formed in 1977 by President George W. Bush. Arbusto Energy was at the center of controversy after the September 11, 2001 attacks when it was revealed that one of the investors of Bush’s company was none other than Salem bin Laden, the older, half-brother of Osama bin Laden.

Bin Laden’s investment into Bush’s company was made through James Reynolds BATH, co-owner of Arbusto Energy, and former director of Bank of Credit and Commerce International (BCCI).