(Excerpted from Chapter 5: Persian Gulf Rent-A-Sheik: Big Oil & Their Bankers…)
Kuwait’s investments abroad have not been without scandal. They owned two California hotels with S&L crook Charles Keating. [191] Kuwait is part-owner of the HSBC-controlled Midland Bank, a major player in the Silver Triangle drug money shuffle and clearing agent for the government of Panama, whose board is loaded with ex-Pentagon officials. In 1981, the same year that the GCC was created, KOC bought Sante Fe International, a US firm with close ties to the CIA. The company had developed a horizontal drilling technology which the Kuwaitis employed in stealing Iraqi oil. Continue reading →
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Tagged Algeria, Angola, BIG OIL & THEIR BANKERS, Chad, dean henderson, Democratic Republic of Congo, Frank Carlucci, House of Saud, Kuwait, left hook, Lockheed Martin, Mobutu Sese-Seiko, Mozambique, NFS, Northrup, Patrice Lumumba, RENAMO, SAUDI ARABIA, STICKIN' IT TO THE MATRIX, SUDAN, THE GRATEFUL UNRICH, UNITA