Difference between revisions of "Banque Arabe et Internationale d'Investissments"
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{{group | {{group | ||
| − | | | + | |wikipedia=https://fr.wikipedia.org/wiki/Banque_arabe_internationale_d'investissement |
|abbreviation=BAII | |abbreviation=BAII | ||
|description=A partner in crime with the better known BCCI. | |description=A partner in crime with the better known BCCI. | ||
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| − | BAII was “heavily involved in the oil trade; it finances oil imports and the export of capital goods and equipment for the refining and petrochemical industries.” [[Peter Truell]] and [[Larry Gurwin]] note that BAII was also intimately associated with the [[BCCI]]. “Run by a board member of BCCI, [[Yves Lamarche]], BAII had played a critical role in some of BCCI’s dubious schemes, lending $50 million to help finance the takeover of First American and also providing funds to allow [[Ghaith Pharaon|[Ghaith] Pharaon]] to buy Independence Bank in Los Angeles.[[KuwAm]] director [[Hamzah M. Behbehani|Behbehani]] worked for [[BCCI]]'s partner BAII from the time Pharaon purchased [[Independence Bank]] and throughout the time that the financial crimes, in which these banks engaged, came to a crescendo." | + | BAII was “heavily involved in the oil trade; it finances oil imports and the export of capital goods and equipment for the refining and petrochemical industries.”<ref>Traute Wohlers-Scharf, Arab and Islamic banks: new business partners for developing countries, OCDE Paris, 1983</ref> [[Peter Truell]] and [[Larry Gurwin]] note that BAII was also intimately associated with the [[BCCI]].<ref>Peter Truell and Larry Gurwin, False Profits: The Inside Story of BCCI, the World’s Most Corrupt Financial Empire, Houghton Mifflin, 1992, p 297</ref> “Run by a board member of BCCI, [[Yves Lamarche]], BAII had played a critical role in some of BCCI’s dubious schemes, lending $50 million to help finance the takeover of First American and also providing funds to allow [[Ghaith Pharaon|[Ghaith] Pharaon]] to buy Independence Bank in Los Angeles.[[KuwAm]] director [[Hamzah M. Behbehani|Behbehani]] worked for [[BCCI]]'s partner BAII from the time Pharaon purchased [[Independence Bank]] and throughout the time that the financial crimes, in which these banks engaged, came to a crescendo."Ghaith] Pharaon |
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
Latest revision as of 13:46, 26 July 2016
 Banque Arabe et Internationale d'Investissments    | |
|---|---|
| Abbreviation | BAII |
| A partner in crime with the better known BCCI. | |
BAII was “heavily involved in the oil trade; it finances oil imports and the export of capital goods and equipment for the refining and petrochemical industries.”[1] Peter Truell and Larry Gurwin note that BAII was also intimately associated with the BCCI.[2] “Run by a board member of BCCI, Yves Lamarche, BAII had played a critical role in some of BCCI’s dubious schemes, lending $50 million to help finance the takeover of First American and also providing funds to allow [Ghaith] Pharaon to buy Independence Bank in Los Angeles.KuwAm director Behbehani worked for BCCI's partner BAII from the time Pharaon purchased Independence Bank and throughout the time that the financial crimes, in which these banks engaged, came to a crescendo."Ghaith] Pharaon
