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NADA MANAGEMENT (AL TAQWA)

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.)

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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


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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