Taking the CIA helm in January 1976, Bush cemented strong relations with the intelligence services of both Saudi Arabia and the shah of Iran. He worked closely with Kamal Adham, the head of Saudi intelligence, brother-in-law of King Faisal and an early BCCI insider. After leaving the CIA in January 1977, Bush became chairman of the executive committee of First International Bancshares and its British subsidiary, where, according to journalists Peter Truell and Larry Gurwin in their 1992 book "False Profits," Bush "traveled on the bank's behalf and sometimes marketed to international banks in London, including several Middle Eastern institutions."
For The Record
Los Angeles Times Sunday February 01, 2004 Home Edition Opinion Part M Page 2 Editorial Pages Desk 0 inches; 30 words Type of Material: Correction
Bin Laden connection -- A Jan. 11 Opinion article by Kevin Phillips, "The Barreling Bushes," stated that Kalid bin Mahfouz was a relative of Osama bin Laden. He is not.
Once in the White House, first as vice president to Ronald Reagan and later as president, George H.W. Bush was linked to at least two Middle East-centered scandals. It's never been entirely clear what Bush's connection was to the Iran-Contra affair, in which clandestine arms shipments to Iran, some BCCI-financed, helped illegally fund the operations of the anti-Sandinista Contra rebels in Nicaragua. But in 1992, special prosecutor Lawrence E. Walsh asserted that Bush, despite his protestations, had indeed been "in the loop" on multiple illegal acts.
Much clearer was Bush's pivotal role, both as vice president and president, in "Iraqgate," the hidden aid provided by the U.S. and its military to Saddam Hussein's Iraq in its high-stakes war with Iran during the 1980s. The U.S. is known to have provided both biological cultures that could have been used for weapons and nuclear know-how to the regime, as well as conventional weapons. As ABC-TV broadcaster Ted Koppel put it in a June 1992 "Nightline" program after the 1991 Persian Gulf War: "It is becoming increasingly clear that George [H.W.] Bush, operating largely behind the scenes through the 1980s, initiated and supported much of the financing, intelligence and military help that built Saddam's Iraq into the aggressive power that the United States ultimately had to destroy."
During these years, Bush's four sons -- George W., Jeb, Neil and Marvin -- were following in the family footsteps, lining up business deals with Saudi, Kuwaiti and Bahraini moneymen and cozying up to BCCI. The Middle East was becoming a convenient family money spigot.
Eldest son George W. Bush made his first Middle East connection in the late 1970s with James Bath, a Texas businessmen who served as the North American representative for two rich Saudis (and Osama bin Laden relatives) -- billionaire Salem bin Laden and banker and BCCI insider Khalid bin Mahfouz. Bath put $50,000 into Bush's 1979 Arbusto oil partnership, probably using Bin Laden-Bin Mahfouz funds.