September 12, 1992 |
The former manager of an Italian bank branch in Atlanta who made $5 billion worth of loans that helped build Iraq's war machine before the invasion of Kuwait acted on his own in exchange for $4.25 million in bribes, the government said Friday. As a result, federal prosecutors abruptly withdrew plans to seek a lighter sentence for Christopher P. Drogoul, the former manager of the Banca Nazionale del Lavoro branch in Atlanta.
July 14, 1993 |
Former President George Bush was subpoenaed Tuesday to testify in the coming criminal trial of an Atlanta banker accused of providing $5 billion in unauthorized loans to help finance Iraq's military buildup before the Persian Gulf War. The banker's lawyer argued that Bush's testimony could prove that the U.S. government knew of the loans and permitted them as part of a strategy to arm Iraq secretly in its war against Iran and later to win favor with Iraqi leader Saddam Hussein.
October 6, 1992 |
The federal investigation of a massive loan scheme that helped build Iraq's military arsenal may have been hampered by high-level officials in Washington to avoid criticism of the Bush Administration's policy toward Baghdad, an Atlanta judge said Monday. U.S. District Judge Marvin H.
September 18, 1992 |
Lawyers for a former banker asked Thursday to withdraw their client's guilty plea in connection with a multibillion-dollar loan scheme that helped build Iraq's war machine. Christopher P. Drogoul's lawyers said they do not believe that he is guilty. They said Drogoul was acting with permission of his superiors at Italy's Banca Nazionale del Lavoro. They also claimed that Drogoul was aiding the U.S. government's prewar policy of supplying arms and technology to Iraq.
February 19, 1993 |
Poor cooperation by the CIA with federal law enforcement officers was partly responsible for lapses that nearly allowed Iraq to obtain sensitive nuclear triggers from a San Diego company a few months before the Persian Gulf War, the chairman of a key House committee charged Thursday. Rep. Henry B. Gonzalez (D-Tex.), whose Banking, Finance and Urban Affairs Committee has been investigating the George Bush Administration's relationship with Iraq before that country invaded Kuwait, credited a U.S.
September 4, 1993 |
The chairman of the House Banking, Finance and Urban Affairs Committee on Friday criticized a Justice Department plea bargain with an ex-banker who loaned $5 billion to Iraq, charging that the deal amounted to "a whitewash" of the so-called Iraqgate scandal. "It's the same old stuff and it smells," said Rep. Henry B. Gonzalez (D-Tex.), whose committee has spent three years investigating the Iraqi loan case.