Islamism, Fascism and Terrorism, by Marc Erikson
The
Swastika and the Crescent, by Martin A. Lee
Italian police detain two Egyptian financiers for alleged al-Qaida
links
by Gabriella Brioggi
Associated Press Writer
11/17/01
CAMPIONE D'ITALIA, Italy – Working in concert with the United States and
Italy, Swiss police on Wednesday detained two Arab financiers allegedly
linked to Osama bin Laden's terrorist network and an Egyptian
fundamentalist group.
Youssef M. Nada and Ali Himat were being held for questioning in Lugano,
Switzerland, just across the border from their homes in Campione
D'Italia, said Italian police Lt. Francesco Rapino.
The raids in the Italian enclave were conducted as the Bush
administration moved to crack down on bin Laden's financial network
worldwide.
Washington froze the terrorist mastermind's assets in at least nine
countries including the United States and added 62 entities and people –
including Nada and Himat – to a list of suspected terrorist associates.
While Swiss and Italian authorities identified the men as Egyptian,
Himat was identified on the U.S. Treasury list as holding Swiss and
Tunisian citizenship.
Officials say Nada and Himat are the managing director and executive
director of Nada Management Organization in Lugano.
U.S. authorities say the organization is part of an unregulated
financial network – sometimes called hawala – that is used to funnel
money to bin Laden's al-Qaida terrorist group through companies and
nonprofit organizations.
Nada and Himat are also senior members of the Muslim Brotherhood, a
fundamentalist group that wants to establish an Islamic state in Egypt,
a leading Brotherhood member told the AP in Cairo. He spoke on condition
of anonymity because the group is outlawed in Egypt.
Egyptian police have recently cracked down on the group. On Tuesday, 21
Muslim Brotherhood members were arrested. Lawyers said interrogations
did not touch on the Sept. 11 attacks or funding for militant groups.
Tuesday's sweep was the third mass arrest in recent months in Egypt.
Nada and Himat have homes in Campione, a gambling center and tax haven
known for "post office box" companies incorporated there for tax
purposes but with no real presence. The Italian enclave on Lake Lugano
is completely surrounded by Swiss territory.
Nada Management had recently changed its name from Al Taqua Management
Co. That company was also named on the U.S. Treasury Department list.
The U.S. government list also seeks to freeze assets in Switzerland,
Italy, Liechtenstein and the Bahamas, U.S. officials said Wednesday.
Officials at the Bank of Italy and the Italian Treasury Ministry told AP
that they had been monitoring Al Taqua's operations for some time.
The Muslim Brotherhood member in Cairo said Al Taqua was set up as an
offshore enterprise several years ago by group members and friendly
businessmen to provide banking services to Muslims. Islam's prohibition
on charging interest has been the impetus for an Islamic banking
industry.
The senior Muslim Brotherhood member said Al Taqua was liquidated last
year because of losses incurred in the Asian financial crisis and
because of what he termed harassment by several unspecified governments.
The bank had a committee that included several prominent Egyptian Muslim
clergymen responsible for
The Muslim Brotherhood, founded in 1928, is the Arab world's oldest
fundamentalist Muslim group. The Egyptian branch inspired similar groups
in Jordan and elsewhere. It is officially banned in Egypt, but is
believed to be the largest Islamic organization in the country.
The Brotherhood's activities are tolerated in Egypt to an extent.
Leaders issue statements from offices in Cairo and its members, running
as independents, won 17 seats in parliamentary elections last year. The
victories made the Brotherhood the largest opposition bloc in the
454-member legislature.
AP-WS-11-07-01 1024EST
NADA
MANAGEMENT (AL TAQWA)
by Spitfirelist.com
FTR#342—Al Taqwa—(Two 30-minute segments) (Sources are noted in
parentheses.) (Recorded on 1/6/2002.)
Note: Users of this website are emphatically encouraged to create a word
document out of the program descriptions and do a “search” on individual
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below) are emphatically encouraged to use the internet to disseminate as
much of the audio and printed material as possible. It is all FREE!
Note: FTR#’s 260-315, FTR#325 and succeeding programs are streaming on
Real Audio at
www.wfmu.org/daveemory. FTR#’s 01-270 are available for download only,
also on Real Audio, at
http://archive.wfmu.org:5555/archive/DX/.
1.
Nada Management and Al Taqwa are an important element in understanding the
role of what Mr. Emory calls “the Underground Reich” and its apparent role
in the events in, and around, the events of 9/11/2001. This broadcast
further develops this connection. (For more discussion of the terrorist
blitzkrieg of 9/11/2001, see FTR#’s 325-341, 342. For more on Nada
Management/Al Taqwa, see FTR#’s 335, 336, 338, 340.)
2.
Beginning with discussion of a fellow traveler of the German neo-Nazi NPD,
the broadcast highlights the connections between Ahmed Huber and the
milieu of Osama Bin Laden. (“Far Right Has Ties with Islamic Extreme” by
Hugh Williamson and Philip Jaklin; Financial Times; 11/9/2001; p. 4.)
3.
Huber has met members of Bin Laden’s organization, but denies that the Al
Taqwa management group and the related Nada Management firms were involved
with funding Bin Laden’s organization. (Idem.)
4.
Like Horst Mahler (discussed in FTR#333), Huber is an associate of the NPD,
as well as Islamic extremists. (Idem.)
5.
A doctrinaire anti-Semite and Holocaust denier, Huber was closely
associated with a Nazi émigré milieu in Nasser’s Egypt discussed in
numerous past broadcasts. (“Les Amis de Faurisson: Ahmed Rami” by Gilles
Karmasyn. (For more about Third Reich influence in the Middle East, see,
among other broadcasts, RFA#’s 3, 4, 22, Miscellaneous Archive Shows M19
and M21, as well as FTR#’s 70-72, 185, 216, 221, 237, 270, 306, 332, 333,
340.)
6.
In particular, Huber was associated in Egypt with Johann Von Leers, a
Goebbels assistant for anti-Semitic propaganda. (Idem.)
7.
In Egypt, Von Leers ran an anti-Semitic propaganda institute for Nasser,
and became associated with a milieu that included the notorious Swiss Nazi
Francois Genoud and the Grand Mufti. (Dreamer of the Day: Francis Parker
Yockey and the Postwar Fascist International; by Kevin Coogan; Autonomedia;
Copyright 1999 [SC]; ISBN 1-57027-039-2; p. 585.) (For more about the
Grand Mufti, see also: RFA-22, L-7, FTR #’s 2, 147, 159, 161, 237, 270,
328, 329, 330, 332, 333. For more about Genoud, see Miscellaneous Archive
Shows M19 and M21, as well as FTR#’s 333, 335, 341.)
8.
Wealthy Saudis have been a primary source of capital for the Al Taqwa
organization (later reorganized as Nada Management, part of the Al Taqwa
Group). In an interview with Richard Labeviere (author of Dollars for
Terror), Huber stressed the importance of the feudal nature of the Saudi
state in preserving the secrecy of Al Taqwa’s benefactors. (“Rich Saudis
Said to Back Bank Linked to Bin Laden”; The Boston Herald; by Jonathan
Wells; 11/8/2001.)
9.
Youssef Nada denies the charge by the U.S. government that his
organization is involved with Bin Laden’s terrorists. A number of facts
lend credibility to the charges, including the fact that the Bin Ladens
are among the wealthy Saudi contributors to Al Taqwa apparently referred
to by Huber. Six members of the Bin Laden family are among the original
contributors to the Nassau, Bahamas branch of Al Taqwa, founded in the
late 1980’s. (“The Scattered Case against an Alleged Terror Accomplice”;
Roger Thurow; Wall Street Journal; 12/27/2001; p. A6.)
10. Much of the broadcast consists of discussion and analysis of a recent
Swiss article detailing some of the diverse and powerful elements involved
with the Bin Laden terrorist milieu. (“Im Wunderland des Hasses”; by
Johannes von Dohnanyi; Weltwoche; Ausgabe 01/2002.)
11. Of particular significance in the analysis of the Al Queda milieu is
the presence at its core of members of the Bin Mahfouz family, (like the
Bin Ladens) one of the most powerful families of Saudi Arabia. (Idem.)
12. Like the Bin Laden family, the Bin Mahfouz family was represented in
North America by James R. Bath, an original investor in Arbusto Energy,
George W. Bush’s first energy company. (The Mafia, CIA & George Bush; by
Pete Brewton; SPI Books; Copyright 1992 [HC]; ISBN 1-56171-203-5; p.
221-222.)
13. Closely connected to the BCCI, Khalid Bin Mahfouz is reportedly
married to Osama Bin Laden’s sister! (“Im Wunderland des Hasses”; by
Johannes von Dohnanyi; Weltwoche; Ausgabe 01/2002)
14. The Bin Mahfouz and Bin Laden families have a number of business
operations together, including the Cambridge (Massachussetts) based
Hybridon firm. (Idem.) (For more about Hybridon, see FTR#334.)
15. The Weltwoche article highlights alleged connections between Bin
Laden’s terrorist milieu and Somali banking interests and the Kosovo
Liberation Army. (Idem.) (For more about Al Queda/KLA links, see FTR#341.)
16. Further developing links between Al Queda and the Chechen rebels, the
broadcast sets forth the activities of Sakina Security Services, an
apparent Al Queda front with an alleged training base in the United
States. (Idem.) (FTR#’s 329, 341 discuss Al Queda and Wahhabi activities
in Chechnya, as well as the possibility that intelligence elements
associated with “the Underground Reich” and the petroleum industry may be
involved with the guerillas.)
17. The Sakina trainers were described as having backgrounds with “the SAS
and the U.S. Marines.” (Idem.)
18. Of primary significance in the discussion of Weltwoche’s analysis is a
series of interlocking connections between powerful Saudi financial and
philanthropic organizations and Bin Laden’s terrorist activities. (Idem.)
19. These organizations are, in turn, allegedly connected to Al Taqwa.
(Idem.)
20. These institutions include: the Faisal Islamic Bank, Islamic
Investment Company of the Gulf, the Dar al Maal Al Islami and the
International Islamic Relief Organization (the primary Saudi vehicle for
the propagation of the Wahhabi brand of fundamentalism.) (Idem.)
21. The latter resides at the same address as the Bin Mahfouz-owned
International Development Foundation, and it has allegedly received money
from Al Taqwa. (Idem.)
22. Next, the broadcast reviews many of the Bush family/Bin Laden family
business connections, such as the Carlyle Group. (Idem.) (For more about
Carlyle, see also: FTR#’s 329, 334, 337.)
23. The Weltwoche article makes the important statement that the
connections of Islamic terrorism to powerful centers of financial and
industrial power in the West and Saudi Arabia must be interdicted if the
menace is to be successfully dealt with. (Idem.) Analysis of the
complicated events in, and around, the terrorist attacks of 9/11/2001 will
be undertaken in FTR#344.
24. Next, the program sets forth the connections between Youssef Nada,
Saudi Prince Alwaleed (one of the world’s richest men) and Italian Premier
Silvio Berlusconi. (For more on Berlusconi see: Miscellaneous Archive Show
M-61, FTR #’s 28, 94, 95, 113, 196, 217, 229, 252, 262, 267, 306, 307,
320, 321, 322.) Alwaleed is involved with Mediaset, one of Berlusconi’s
many media companies. (“The Alms of Monsieur Yousseff Nada” by Peter Gomez
and Leo Sisti; L’Espresso; 11/22/2001; p. 48.) Once again, the connections
between the power centers of the petroleum industry and fascist elements
in the West is central to an understanding of the events in, and around,
the 9/11/2001 attacks. (A member of the fascist P-2 Lodge, Berlusconi’s
government includes the fascist National Alliance and the xenophobic
Northern League.)
25. Next, the program reviews suspicions that the Al Taqwa firm (Nada
Management) was associated with the stock market manipulation discussed in
FTR#’s 327, 331, 335. (“Stock Trades Probed for Ties to Bin Laden” by
William Drozdiak; Washington Post; 9/18/2001; p. A08.)
26. Among the companies whose stocks were involved in the “short selling”
are Swiss Reinsurance and Munich Reinsurance. (Idem.) Both companies have
liability in the World Trade Center bombing. Allianz was another insurance
company whose stock was (according to some) suspiciously. Mr. Emory has
detailed his suspicions that the stock manipulation was performed by the
Bormann group (probably including the Al Taqwa Group.) The economic and
political component of a Third Reich gone underground, the Bormann
organization controls corporate Germany and much of the rest of the world.
[It was created and run by Martin Bormann, the organizational genius who
was the “the power behind the throne” in Nazi Germany.] The Bormann group
is a primary element of the analysis presented in the For the Record
programs. For more about the Bormann organization, see: FTR#’s 87, 90, 99,
102, 120, 122, 123, 125, 127, 134, 145, 152, 155, 158, 177, 179, 180, 187,
189, 193, 194, 195, 200, 215, 216, 218, 219, 224, 226, 232, 233, 234, 235,
238, 239, 240, 241, 242, 245, 248, 250, 251, 261, 272, 273, 274, 275, 276,
278, 283, 286, 292, 293, 294, 298, 299, 300, 302, 303, 305, 309, 313,
322.)
27. One of the primary elements of the Bormann organization is the
Thyssen-Bornemisza organization, headquartered in Lugano, Switzerland (the
base for Youssef Nada’s operations.) (Martin Bormann: Nazi in Exile; Paul
Manning; Copyright 1981 [HC]; Lyle Stuart Inc.; ISBN 0-8184-0309-8; P.
237.) Mr. Emory speculates that the Nada/Al Taqwa organization may very
well be part of the Bormann organization.
28. The program concludes with a look at the responses of two contemporary
Nazi organizations to the terror attacks. Ahmed Huber is, as we have seen,
associated with the NPD. Horst Mahler, a key member of the NPD, arguably
Germany’s top neo-Nazi group, applauded the attacks of 9/11. (“German
Right-Winger Applauds Terrorists” by Toby Helm; Daily Telegraph;
9/25/2001. (For more about Mahler, see FTR#’s 331, 333.)
29. The NPD is closely associated, in turn, with the National Alliance.
(“Far Right Violence Soars in Germany” by Martin A. Lee; San Francisco Bay
Guardian; 3/19/2001.) The National Alliance is the publisher of Serpent’s
Walk, the “Turner Diaries” of the Bormann organization. (See, among other
broadcasts, FTR#’s 212, 331, 335, 336, 339.)
30. The National Alliance has also endorsed the 9/11 attacks. (“U.S.
Groups Have Some Ties to Germ Warfare” by Jo Thomas; New York Times;
11/2/2001; p. B8.)
31. The last item in the program is an analysis of Islamic fundamentalism
as a form of “Islamofascism.” (For more on “Islamofascism,” see FTR#’s
329, 340.) “ . . .Our societies are in crisis. They’re illiterate,
impoverished, jobless. That makes it easy for religious leaders to exploit
people at the bottom. It enables fascism to come out of the closet. What
we’re seeing here is that fascism wears religious cloaks.” (“For Muslims,
Bin Laden’s Star Is Fading as Quickly as It Rose”; by David Lamb; Los
Angeles Times; 12/31/2001; p. A7.) (Recorded on 1/6/2002.)
FTR #370 Dutch Treat: More about the Thyssen/Bush
Banking Connection
Posted by Dave
Emory
July 29, 2002
1. This program
supplements previous discussion of the Bush
family’s Nazi financial heritage. Specifically,
the program revisits the Bush/Thyssen-Bornemisza
connection. Like Al Taqwa/Nada management and
the overlapping Banco del Gotthardo, the
Thyssen-Bornemisza operations are based in
Lugano Switzerland. This program poses the
question of whether the Thyssen-Bornemisza and
Al Taqwa milieu may be linked, and whether the
Nada/Banco del Gotthardo is part of the
Bormann nexus.
2. Various Al
Taqwa subsidiaries were recently placed on a
list of individuals and institutions viewed by
the Justice Department as supportive of
terrorism.
“Attorney
General John Ashcroft asked the State
Department on Monday to list nine foreign
groups and companies as terrorist
organizations. The listing would prohibit
any noncitizen members from entering the
United States. . . . The groups proposed for
by Ashcroft for listing: Al Taqwa Trade
Property and Industry Co. Ltd.; Bank Al
Taqwa Ltd; Nada Management Organization;
Youssef M. Nada & Co. Gesellshaft . . .”
(“Other
Developments: ... Terror Groups” [Chronicle News
Services]; San Francisco Chronicle;
7/23/2002; p. A4.)
3. The program
reviews the significance of Lugano for the Nada
operations.
“While
establishing its headquarters in a tax
haven, the Brothers’ bank opened a branch,
Al Taqwa Management Organization S.A., in
Italian Switzerland, in Lugano. Lugano, a
discreet frontier banking locale, is a
stone’s throw from Milan, a major financial
center, and above all the Islamist groups’
entry point to Europe.”
(Dollars for
Terror: The United States and Islam; by
Richard Labeviere; pp. 139–140.)
4. Nada has been
less than forthcoming about the true nature of
his organization. It should be noted in this
context that the Underground Reich/Bormann
Organization also maintains a rigorous, and
secretive infrastructure.
“Al Taqwa is
situated on the top floor of a small glass
building, right in the center of Lugano, in
the banking district, a district where
overly curious journalists are immediately
denounced to the police who then conduct
American-style identity checks in the middle
of the street . . . In Lugano, bank secrecy
is no laughing matter. Several times we
tried to meet Mr. Nada, who eventually
responded by mail, ‘We allow neither you
nor any other journalist, nor publication,
to speak about us -- positively or
negatively -- without our written
permission.’ Signed, Yussef Nada.”
(Ibid.; p. 140)
5. One of the
questions concerning Nada’s possible
affiliations with the Underground Reich derives
from his past.
Nada himself is
alleged to have been an agent of the Abwehr, the
military intelligence service of the
Third Reich.
“But Yussef
Nada is even better known to the Egyptian
[intelligence] services, who have evidence
of his membership in the armed branch of the
fraternity of the Muslim Brothers in the
1940’s. At that time, according to the same
sources, he was working for the Abwehr under
Admiral Canaris and took part in a plot
against King Farouk. This was not the first
time that the path of the Muslim Brothers
crossed that of the servants of the Third
Reich. The founder of the Fraternity
himself, Hasan al-Banna, served as an
intermediary between those who went on to
become the ‘free officers’ (in particular
Anwar al-Sadat) and the agents of Nazi
Germany.”
(Ibid.; pp.
140–141.) Al Banna is listed as a director of Al
Taqwa (see FTR#‘s 359, 369.)
6. As discussed
in past programs, Lugano, Switzerland is the
center of operations for the Thyssen-Bornemisza
family. (The Thyssens, in turn, are
long-standing intimates of Martin Bormann and
the Underground Reich.)
“Heinrich
Thyssen-Bornemisza runs his private
Dutch-based investment group from Lugano,
Switzerland, and his cousin Count Federico
Zichy-Thyssen, grandson of old Fritz Thyssen,
exercises control over Thyssen A.G. from his
base in Buenos Aires.”
(Martin
Bormann: Nazi in Exile; Paul Manning;
Copyright 1981 [HC]; Lyle Stuart Inc.; ISBN
0–8184-0309–8; p. 237.)
7. Much of the
program consists of a reading of important
article on the Thyssen-Bornemisza/Bush
connection. (“How the Bush Family Made its
Fortune from the Nazis” by John Loftus;
accessed at
www.john-loftus.com/Thyssen.htm .)
8. This article
documents the fact that a Dutch bank served as a
pivot-point for the Thyssen industrial interests
and that, through this Dutch connection, the
Thyssen-Bornemisza branch of the family held the
reins of economic power that (ultimately) guided
the Bush family’s fortune.
9.
“For the
Bush family, it is a lingering nightmare.
For their Nazi clients, the Dutch connection
was the mother of all money laundering
schemes. . . .Thyssen did not need any
foreign bank accounts because his family
secretly owned an entire chain of banks. He
did not have to transfer his Nazi assets at
the end of World War II, all he had to do
was transfer the ownership documents --
stocks, bonds, deeds and trusts -- from his
bank in Berlin through his bank in Holland
to his American friends in New York City:
Prescott Bush and Herbert Walker. Thyssen’s
partners in crime were the father and
father-in-law of a future President of the
United States.”
(Ibid.; p. 1)
10.
“It was a
secret that would lead former U.S.
Intelligence agent William Gowen, now
pushing 80, to the very doorstep of the
Dutch royal family.”
(Idem.)
11.
“Under the
rules of the Allied occupation of Germany,
all property owned by citizens of a neutral
nation which had been seized by the Nazis
had to be returned to the neutral citizens
upon proper presentation of documents
showing proof of ownership. Suddenly, all
sorts of neutral parties, particularly in
Holland, were claiming ownership of various
pieces of the Thyssen empire.”
(Ibid.; p. 2)
12. Allied
investigators focused on the Bank voor Handel en
Scheepvaart, the Dutch financial institution
that served as the pivot-point for the
Thyssen-Bornemisza/Bush family dealings at the
center of the discussion.
“Their
suspicions focused on one Dutch Bank in
particular, the Bank voor Handel en
Scheepvaart, in Roterdam. This bank did a
lot of business with the Thyssens over the
years. In 1923, as a favor to him, the
Rotterdam bank loaned the money to build the
very first Nazi party headquarters in
Munich. But somehow the allied
investigations kept going nowhere, the
intelligence leads all seemed to dry up.”
(Idem.)
13. Next, the
program highlights the role of Allen Dulles in
helping to stage-manage the investigation of the
Dutch/Thyssen connections.
“If the
investigators realized that the U.S.
intelligence chief in postwar Germany,
Allen Dulles, was also the Rotterdam Bank’s
lawyer, they might have asked some very
interesting questions. They did not know
that Thyssen was Dulles’ client as well. Nor
did they ever realize that it was Allen
Dulles’s other client, Baron Kurt Von
Schroeder, who was the Nazi trustee for the
Thyssen companies which now claimed to be
owned by the Dutch. The Rotterdam Bank was
at the heart of Dulles’ cloaking scheme, and
he guarded its secrets jealously.”
(Idem.)
14. Although he
distances himself from the Martin Bormann aspect
of Paul Manning’s investigation, Loftus goes on
to develop the relevance of the Manning
observations concerning the Thyssen-Bornemisza
branch of the family and its operations on
behalf of the Third Reich.
“Several
decades after the war, investigative
reporter Paul Manning, Edward R. Murrow’s
colleague, stumbled across the Thyssen
interrogations in the U.S. National
Archives. Manning intended to write a book
about Nazi money laundering. Manning’s
manuscript was a dagger at Allen Dulles’
throat: his book specifically mentioned
the Bank voor Handel en Scheepvaart by
name, albeit in passing.”
(Idem.)
15. Without
casting aspersions on either Loftus or Manning
(Mr. Emory views them both as heroes whose work
is invaluable), the program digresses briefly to
review an aspect of Manning’s investigation of
Bormann, per se. When Manning reviewed the FBI’s
file on Martin Bormann, it found some
interesting information.
“When the
[FBI] file (now in my possession) was
received at FBI headquarters, it revealed
that the Reichsleiter had indeed been
tracked for years. One report covered his
whereabouts from 1948 to 1961, in Argentina,
Paraguay, Brazil and Chile. The file
revealed that he had been banking under his
own name from his office in Germany in
Deutsche Bank of Buenos Aires since 1941;
that he held one joint account with the
Argentinean dictator Juan Peron, and on
August 4, 5, and 14, 1967, had written
checks on demand accounts in First National
City bank (Overseas Division) of New York,
The Chase Manhattan Bank, and Manufacturers
Hanover Trust Co., all cleared through
Deutsche bank of Buenos Aires.”
(Martin
Bormann: Nazi in Exile; Paul Manning;
Copyright 1981 [HC]; Lyle Stuart Inc.; ISBN
0–8184-0309–8; P. 205.)
16. As Loftus
points out, both he and Manning had uncovered
different ends of the Thyssen-Bornemisza/Bush
connection.
“American
investigators had to be sent anywhere but
Holland. And so the Dutch connection
remained unexplored until 1994, when I
published the book The Secret War Against
the Jews. As a matter of historical
curiosity, I mentioned that Fritz Thyssen
(and, indirectly, the Nazi Party) had
obtained their early financing from Brown
Brothers Harriman, and its affiliate, the
Union Banking Corporation. Union Bank, in
turn, was the Bush family’s holding company
for a number of other entities, including
the ‘Holland American Trading Company.’”
(“How the Bush
Family made its Fortune from the Nazis” by John
Loftus; p. 2–3.)
17.
“It was a
matter of public record that the Bush
holdings were seized by the U.S. government
after the Nazis overran Holland. In 1951,
the Bushes reclaimed Union Bank from the
U.S. Alien Property Custodian, along with
their ‘neutral’ Dutch assets. I did not
realize it, but I had stumbled across a very
large piece of the missing Dutch connection.
Bush’s ownership of the Holland-American
investment company was the missing link to
Manning’s earlier research in the Thyssen
investigative files. In 1981, Manning had
written: ‘Thyssen’s first step in a long
dance of tax and currency frauds began [in
the late 1930’s] when he disposed of his
shares in the Dutch
Hollandische-Amerikanische Investment
Corporation to be credited to the Bank voor
Handel en Scheepvaart, N.V., Rotterdam, the
bank founded in 1916 by August Thyssen,
Sr.’”
(Ibid.; p. 3)
18.
“In this one
obscure paragraph, in a little known book,
Manning had unwittingly documented two
intriguing points: 1) The Bushes’ Union
Bank had apparently bought the same
corporate stock that the Thyssens were
selling as part of their Nazi money
laundering, and 2) the Rotterdam bank [had
bought them]. Far from hindsight,
Manning and I had uncovered different ends
of the Dutch connection. After reading the
excerpt in my book about the Bushes’
ownership of the Holland-American trading
Company, retired U.S. intelligence agent
William Gowen began to put the pieces of the
puzzle together.”
(Idem.)
19.
“In 1999, Mr.
Gowen traveled to Europe, at his own
expense, to meet a former member of Dutch
intelligence who had detailed inside
information about the Rotterdam bank. The
scrupulous Gowen took a written statement
and then had his source read and correct it
for error. Here, in summary form, is how the
Nazis hid their money in America.”
(Idem.)
20. After
establishing the Rotterdam bank to mask his
assets from the Allies in World War I, August
Thyssen determined that it would never
happen again.
“One of
his sons would join the Nazis; the other
would be neutral. No matter who won the next
war, the Thyssen family would survive with
their industrial empire intact. Fritz
Thyssen joined the Nazis in 1923; his
younger brother married into Hungarian
nobility and changed his name to Baron
Thyssen-Bornemisza. The Baron later claimed
Hungarian as well as Dutch citizenship. In
public, he pretended to detest his Nazi
brother, but in private they met at secret
board meetings in Germany to coordinate
their operations. If one brother were
threatened with loss of property, he would
transfer his holdings to the other.”
(Idem.)
21.
“To aid his
sons in their shell game, August Thyssen had
established three different banks during the
1920’s -- The August Thyssen Bank in Berlin,
the Bank voor Handel en Scheepvaart in
Rotterdam, and the Union Banking Corporation
in New York City. To protect their corporate
holdings, all the brothers had to do was
move the corporate paperwork from one bank
to the other. This they did with some
regularity. When Fritz Thyssen ‘sold’ the
Holland-American Trading Company for a tax
loss, the Union Banking Corporation in New
York bought the stock. Similarly, the Bush
family invested the disguised Nazi profits
in American steel and manufacturing
corporations that became part of the secret
Thyssen empire.”
(Ibid.; pp. 3–4)
22.
“As soon
as Berlin fell to the allies, it was time to
ship the documents back to Rotterdam so that
the ‘neutral’ bank could claim ownership
under the friendly supervision of Allen
Dulles, who, as the OSS intelligence chief
in 1945 Berlin, was well placed to handle
any troublesome investigations.”
(Ibid.; p. 4)
23. When the
manager of the Dutch bank attempted to alert the
allies about the truth of the Thyssen affairs,
he died.
“In 1945,
the former Dutch manager of the Rotterdam
bank resumed control only to discover that
he was sitting on a huge pile of hidden Nazi
assets. In 1947, the manager threatened to
inform Dutch authorities, and was
immediately fired by the Thyssens. The
somewhat naïve bank manager then fled to New
York City where he intended to talk to Union
Bank director Prescott Bush. As Gowen’s
Dutch source recalled, the manager intended
‘to reveal [to Prescott Bush] the truth
about Baron Heinrich and the Rotterdam Bank,
[in order that] some or all of the Thyssen
interests in the Thyssen Group might be
seized and confiscated as German enemy
property. ‘The manager’s body was found in
New York two weeks later.”
(Idem.)
24. A Dutch
journalist also experienced a sudden bout of
mortality when he attempted to unearth the truth
about the Thyssen-Bornemisza empire, nearly
fifty years after the death of the Dutch bank
manager.
“Similarly, in 1996, a Dutch journalist Eddy
Roever went to London to interview the
Baron, who was neighbors with Margaret
Thatcher. Roever’s body was discovered two
days later. Perhaps, Gowen remarked dryly,
it was only a coincidence that both healthy
men had died of heart attacks immediately
after trying to uncover the truth about the
Thyssens.”
(Idem.)
25.
“Neither
Gowen nor his Dutch source knew about the
corroborating evidence in the Alien Property
Custodian archives or in the OMGUS archives.
Together, the two separate sets of U.S.
files overlap each other and directly
corroborate Gowen’s source. The first set
of archives confirms absolutely that the
Union Banking Corporation in New York was
owned by the Rotterdam Bank. The second set
(quoted by Manning) confirms that the
Rotterdam Bank in turn was owned by the
Thyssens.”
(Ibid.; pp. 4–5)
26.
“He
[Manning] was very close to uncovering the
fact that the Bush’s bank in New York City
was secretly owned by the Nazis, before
during and after WWII. Once Thyssen
ownership of the Union Banking Corporation
is proven, it makes out a prima facie case
of treason against the Dulles and Bush
families for giving aid and comfort to the
enemy in time of war.”
(Ibid.; p. 5)
27. Loftus goes
on to demonstrate, from Thyssen-Bornemisza
company records, that the Netherlands bank was
the key to the Bush/Thyssen money-laundering
connection.
“In 1979, the
present Baron Thyssen-Bornemisza (Fritz
Thyssen’s nephew) prepared a written family
history to be shared with his top
management. A copy of this thirty-page tome
entitled The History of the Thyssen Family
and Their Activities was provided by Gowen’s
source.”
(Idem.)
28.
“Thus, at the
beginning of World War II the Bank voor
Handel en Scheepvaart had become the holding
of my father’s companies -- a Dutch firm
whose only shareholder was a Hungarian
citizen. . . Prior to 1929, it held the
shares of the August Thyssen Bank, and also
American subsidiaries and the Union Banking
Corporation, New York. The shares of all
the affiliates were [in 1945] with the
August Thyssen Bank in the East Sector of
Berlin, from where I was able to have them
transferred into the West at the last
moment. After the war the Dutch
government ordered an investigation into the
status of the holding company and, pending
the result, appointed a Dutch former general
manger of my father who turned against our
family. . . In that same year, 1947, I
returned to Germany for the first time after
the war, disguised as a Dutch driver in
military uniform, to establish contact with
our German directors.’”
(Idem.)
29.
“‘The
situation of the Group gradually began to be
resolved but it was not until 1955 that the
German companies were freed from Allied
control and subsequently disentangled.
Fortunately, the companies in the group
suffered little from dismantling. At
last we were in a position to concentrate on
purely economic problems -- the
reconstruction and extension of the
companies and the expansion of the
organization. The banking department of
the Bank voor Handel en Scheepvaart, which
also functioned as the Group’s holding
company, merged in 1970 with Nederlandse
Credietbank N.V. which increased its
capital. The Group received 25 percent. The
Chase Manhattan Bank holds 31%. The name
Thyssen-Bornemisza Group was selected for
the new holding company.’ Thus the twin
U.S. Archives, Gowen’s Dutch source, and the
Thyssen family history all independently
confirm that President Bush’s father and
grandfather served on the board of a bank
that was secretly owned by the leading Nazi
industrialists. The Bush connection to these
American institutions is a matter of public
record. What no one knew, until Gowen’s
brilliant research opened the door, was that
the Thyssens were the secret employers of
the Bush family.”
(Idem.)
30. The Loftus
article deals with the Bush family’s awareness
of the Thyssen-Bornemisza connection and its
implications.
“But what did
the Bush family know about their Nazi
connection and when did they know it? As
senior managers of Brown Brothers Harriman,
they had to have known that their American
clients, such as the Rockefellers, were
investing heavily in German corporations,
including Thyssen’s giant Vereinigte
Stahlwerke. As noted historian Christopher
Simpson repeatedly documents, it is a
matter of public record that Brown Brother’s
investments in Nazi Germany took place under
the Bush family stewardship.”
(Ibid.; p. 6)
31.
“If Union
Bank was not the conduit for laundering the
Rockefeller’s Nazi investments back to
America, then how could the
Rockefeller-controlled Chase Manhattan Bank
end up owning 31% of the Thysssen group
after the war? It should be noted that the
Thyssen group (TBG) is now the largest
industrial conglomerate in Germany, and with
a net worth of more than $50 billion
dollars, one of the wealthiest corporations
in the world. TBG is so rich it even bought
out the Krupp family, famous arms makers for
Hitler, leaving the Thyssens as the
undisputed champion survivors of the Third
Reich. Where did the Thyssens get the
start-up money to rebuild their empire with
such speed after World War II? The enormous
sums of money deposited into the Union Bank
prior to 1942 is the best evidence that
Prescott Bush knowingly served as a money
launderer for the Nazis.”
(Idem.)
32.
“A fortune
this size could only have come from the
Thyssen profits made from rearming the Third
Reich, and then hidden, first from the Nazi
tax auditors, and then from the Allies.
The Bushes knew perfectly well that Brown
Brothers was the American money channel into
Nazi Germany, and that Union Bank was the
secret pipeline to bring the Nazi money back
to America from Holland. The Bushes had to
have known how the secret money circuit
worked because they were on the board of
directors in both directions: Brown Brothers
out, Union Bank in. Moreover, the size
of their compensation is commensurate with
their risk as Nazi money launderers. In
1951, Prescott Bush and his father-in-law
each received one share of Union Bank stock,
worth $750,000 each. One and a half million
dollars was a lot of money in 1951.”
(Idem.)
33. Further
developing the subject of the disposition of the
postwar disposition of the Bush/Nazi assets,
the program highlights the placing of the
Bush/Third Reich assets in a blind trust for
George H.W. Bush’s heirs, including the current
president.
“According to
classified documents from Dutch intelligence
and U.S. government archives, President
George W. Bush’s grandfather, Prescott
Bush made considerable profits off Auschwitz
slave labor. In fact, President Bush
himself is an heir to these profits from the
holocaust which were placed in a blind trust
in 1980 by his father, former president
George Herbert Walker Bush.” (“Heir to the
Holoaust” by Toby Rogers [Clamor Magazine];
accessed at
www.john-loftus.com/Thyssen.htm .)
34. Much of the
conclusion of the program focuses on the
Consolidated Silesian Steel Company, in turn
controlled by the Bush/ Harriman venture called
The Harriman 15 Corporation. (For more about
this program, see, among other broadcasts, FTR#361.)
“Averell
Harriman and Prescott Bush reestablished a
holding company called The Harriman 15
Corporation. One of the companies
Harriman had held stock in was the
Consolidated Silesian Steel Corporation.
. . On March 19, 1934, Prescott Bush handed
Averell Harriman a copy of that day’s
New York.”
(Ibid.; p. 6)
35. Because of
its proximity to Auschwitz, the Consolidated
Silesian Steel Corporation was one of the firms
that utilized the camp’s slave labor
capabilities. Prescott Bush allegedly helped to
manage some of the Auschwitz labor force.
“Consolidated Silesian Steel Corporation was
located near the Polish town of Oswiecim,
one of Poland’s richest mineral regions.
That was where Hitler set up the Auschwitz
concentraion camp. . . The prisoners of
Auschwitz who were able to work were shipped
to 30 different companies. One of the
companies was the vast Consolidated Silesian
Steel Corporation. ‘Nobody’s made the
connection before between Consolidated
Silesian Steel Corporation, Auschwitz and
Prescott Bush,’ John Loftus told Clamor.
‘That was the reason why Auschwitz was built
there. The coal deposits could be processed
into either coal or additives for aviation
gasoline. . . A portion of the slave labor
force in Poland was ‘managed by Prescott
Bush,’ according to a Dutch
intelligence agent.”
(Ibid.; p. 7)
36. The program
concludes with review of the connection between
the liquidation of UBC and the genesis of George
H.W. Bush’s business ventures.
“That
money enabled Bush to help his son,
George Herbert Walker Bush, to set up
his first royalty firm, Overby
Development Company, that same year. It
was also helpful when Prescott Bush left
the business world to enter the public
arena in 1952 with a successful
senatorial campaign in Connecticut. On
October 8th, 1972, Prescott Bush died of
cancer and his will was enacted soon
after. In 1980, when George H.W. Bush
was elected vice president, he placed
his father’s family inheritance in a
blind trust. The trust was managed by
his old friend and quail hunting
partner, William ‘Stamps’ Farish III.
Bush’s choice of Farish to manage the
family wealth is quite revealing in that
it demonstrates that the former
president might know exactly where some
of his inheritance originated. Farish’s
Grandfather, William Farish Jr., on
March 25th 1942, pleaded ‘no contest’ to
conspiring with Nazi Germany while
president of Standard Oil in New Jersey.
He was described by Senator Harry Truman
in public of approaching ‘treason’ for
profiting off the Nazi war machine.
Standard Oil invested millions in IG
Farben, who opened a gasoline factory
within Auschwitz in 1940.”
(Ibid.; pp.8–9)
Nada Management Organisation
by
TrackingTheThreat.com
12/5/03
The Federal Prosecutor’s Office on Thursday confirmed it had ordered the
accounts of the Nada Management Organisation blocked on suspicion that
the firm had possible links to the September 11 attacks. No details were
given about the amounts frozen or the banks concerned. The move comes
after the United States asked Switzerland, Italy, Liechtenstein and the
Bahamas to block all assets belonging to the Nada Management
Organisation, which was previously known as al-Taqwa. Two of the
company’s bosses were detained by police for questioning in Lugano on
Wednesday, as part of a coordinated operation by Switzerland, Italy and
Liechtenstein.
Youssef Mustafa Nada and Ali Ghaleb Himmat were taken into custody after
Italian police raided their homes on Wednesday in Campione D’Italia, a
tiny Italian enclave in Switzerland, surrounded by canton Ticino. They
were later released. Another Nada official, Ahmed Huber, was questioned
about al-Taqwa’s activities by Swiss officials in Bern before being
released. The Swiss federal prosecutor, Valentin Roschacher, said the
investigation was likely to take several months. “We now have enough
information to open an inquiry. We seized a lot of documentation on
Wednesday, some of which is in Arabic, and it will take a long time to
follow the paper trail.”
The US authorities say al-Taqwa is one of several informal cash
exchanges – known as “hawalas” – which funnel millions of dollars to
terrorists outside the traditional banking system.
Investigators suspect that hawalas also help terrorists acquire material
and supplies by acting as front organisations. They believe bin Laden
has made use of them to acquire and distribute funds.
Nada Management, founded in 1987 under the name al-Taqwa, is one of the
world’s largest financial institutions dedicated to Muslim clients and
Islamic business activities. One elemental service these groups provide
is the hawala exchange system, by which small amounts of money — usually
less than $1,000 — are transferred to other hawala agencies around the
world. A sum of money or valuable can be brought to a hawala agency in
Europe, for example, where a phone call to a network office in the
Middle East or Asia will free up a corresponding amount at the desired
destination.
The transaction is almost immediate, based entirely on trust and
requires no certification that might leave a paper trail. Western
antiterror experts suspect such unregulated transactions allow millions
of dollars to be funneled to Islamist groups engaged in terror.
http://www.time.com/time/europe/biz/magazine/0,13716,184081,00.html
Youssef Mustafa Nada, Leading member of Nada Management
Abdullah Al-Qaradawi, Leading member of Nada Management
Mariam Al-Sheikh A. Bin Aziz Al-Mubarak, Leading member of Nada
Management
Ahmed Idriss Nasreddin, Leading member of Nada Management
Nada Management Organisation, Linked to Al-Taqua Bank
Ali Ghaleb Himmat, Linked to Nada Management
Ahmed Huber, Linked to Nada Management
Ahmad Idris Nasr al-Dill, Linked to Nada Management
Terror suspect sues Swiss
government
June 1, 2006

Italian police and journalists in front of the villa of Nada
Management in Lugano at the start of the investigation (Keystone)
The founder of a now-defunct Muslim firm suspected of al-Qaeda links is
suing the Federal Prosecutor's Office for financial damages.
Youssef Nada said he was suing because of financial losses incurred
resulting from a three-and-a-half year investigation that was dropped
exactly one year ago.
"It was all wrong," Nada, the 75-year-old founder and former managing
director of Nada Management, formerly known as al-Taqwa, said at his
home in Italy near the Swiss border on Thursday. "Switzerland was
mistaken and misled."
The Swiss began investigating the company shortly after the September 11
attacks on Washington and New York. The US government says al-Taqwa
helped fund Osama bin Laden's terrorist network.
But Switzerland was forced to drop
the case against top officials of the company on July 1, 2005 because
they said authorities in the Bahamas had failed to provide essential
bank records by a court deadline.
US officials accused al-Taqwa of sending al-Qaeda money through Malta
and Switzerland to bank branches in the Bahamas.
Nada confirmed media reports in the Italian-speaking canton of Ticino
that he was seeking "tens of millions of Swiss francs", but would not
specify the exact amount.
Hansjuerg Mark Wiedmer, spokesman for the prosecutor's office in the
Swiss capital, Bern, declined to comment on whether a lawsuit had been
brought.
No charges
Nada and a Syrian born associate, Ali Himmat, 67, founded al-Taqwa in
1988, according to Swiss officials. The company was based in Ticino
until it was liquidated in December 2001, soon after the investigation
began.
A senior member of the Muslim Brotherhood in Cairo has said al-Taqwa was
set up to provide banking services in Europe according to Islamic
principles, which forbids the paying of interest.
The company has been listed by the United States since late 2001 as an
organisation accused of helping fund terrorism. Nada, Himmat and three
Swiss citizens on al-Taqwa's board were listed individually.
After the publication of the list in 2001, police raided the firm's
headquarters in Lugano and hauled away vanloads of documents. They also
searched the homes of Nada and Himmat in Italy.
Swiss authorities blocked the accounts of the company and the personal
accounts of board members, while neighbouring Liechtenstein froze the
accounts of an affiliate firm, the fiduciary company Asat Trust.
But the prosecutor's office never filed charges or made arrests. Company
officials have repeatedly denied links to terrorism and accused Swiss
authorities of taking part in a US-led anti-Muslim campaign.
Although the prosecutor's office removed its block from the bank
accounts of the company and its officers, they remain frozen because of
UN sanctions targeting those on the US list.
Court criticism
In May 2005 the Federal Criminal Court ruled that prosecutors should
have given further reasons for the allegations made against Lugano-based
Nada Management and its director in 2001.
It added that Nada, who had been demanding an end to proceedings since
2002, should have been advised of specific charges.
The court also said there was no reason for the prosecutor's office to
have taken so long to decide whether to hand the case over to a
tribunal.
It also criticised prosecutors for claiming late in 2004 that they were
about to launch judicial proceedings.
The prosecutor's office was ordered to pay SFr3,000 ($2,514) in damages
to Nada.
swissinfo with agencies
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