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NEWS
May 15, 1987 | WILLIAM C. REMPEL, Times Staff Writer
Control of Adnan Khashoggi's prized yacht, the Nabila, has been seized by the Sultan of Brunei for nonpayment of a $50-million loan, The Times has learned, in the latest in a series of financial setbacks bedeviling the Saudi Arabian businessman who was a key middleman in U.S.-Iran arms deals last year. It also has been confirmed that Khashoggi's luxury DC-8 jetliner has been grounded by litigation over a $15-million loan he defaulted on last year.
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NEWS
May 15, 1987 | WILLIAM C. REMPEL, Times Staff Writer
Control of Adnan Khashoggi's prized yacht, the Nabila, has been seized by the Sultan of Brunei for nonpayment of a $50-million loan, The Times has learned, in the latest in a series of financial setbacks bedeviling the Saudi Arabian businessman who was a key middleman in U.S.-Iran arms deals last year. It also has been confirmed that Khashoggi's luxury DC-8 jetliner has been grounded by litigation over a $15-million loan he defaulted on last year.
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NEWS
January 16, 1987 | From the Washington Post
A lavishly furnished DC-8 airplane belonging to arms broker Adnan Khashoggi has been seized by French authorities in the latest sign that the flamboyant Saudi is suffering growing financial problems stemming in part from his role as financier of the U.S. arms shipments to Iran. In a series of court actions this week, Khashoggi has found himself under siege by creditors pursuing large chunks of his apparently floundering business empire.
NEWS
December 20, 1986 | WILLIAM C. REMPEL and DAN FISHER, Times Staff Writers
In an apparent contradiction of Israeli claims that Israel played only a minor role in the shipment of U.S. arms to Iran this year, sources confirmed Friday that a top aide to Prime Minister Shimon Peres tried to help two arms merchants secure $15 million to finance a spring, 1986, U.S.-to-Iran weapons deal. The aide, Amiram Nir, accompanied Saudi Arabian arms dealer Adnan Khashoggi and Iranian businessman Manucher Ghorbanifar to a meeting in London the night of April 8 with Roland W.
NEWS
July 26, 1989 | JOHN J. GOLDMAN and WILLIAM C. REMPEL, Times Staff Writers
A federal judge set $10-million bail Tuesday for Adnan Khashoggi, whose wealth once was legendary, and ordered him to wear unaccustomed jewelry--"an unremovable electronic bracelet"--to monitor his whereabouts. Although Khashoggi's financial affairs have been in turmoil in recent years, associates said there was little doubt his family soon would be able to raise the funds. However, bail had not been posted by Tuesday night.
NEWS
December 20, 1986 | WILLIAM C. REMPEL and DAN FISHER, Times Staff Writers
In an apparent contradiction of Israeli claims that Israel played only a minor role in the shipment of U.S. arms to Iran this year, sources confirmed Friday that a top aide to Prime Minister Shimon Peres tried to help two arms merchants obtain $15 million to finance a U.S.-to-Iran weapons deal this spring. The aide, Amiram Nir, accompanied Saudi Arabian arms dealer Adnan Khashoggi and Iranian businessman Manucher Ghorbanifar to a meeting in London the night of April 8 with Roland W.
NEWS
July 20, 1989 | WILLIAM C. REMPEL and JOHN GOLDMAN, Times Staff Writers
Adnan Khashoggi, once regarded as the world's richest man, was flown in first-class comfort from Switzerland to a federal detention center in lower Manhattan Wednesday to await trial on charges that he helped Ferdinand and Imelda Marcos plunder Philippine national assets. He was denied bail. FBI agents took custody of Khashoggi aboard the jetliner where, earlier, first-class passengers had been pampered with caviar and champagne.
NEWS
December 16, 1986 | WILLIAM C. REMPEL, Times Staff Writer
Adnan Khashoggi, the Saudi Arabian arms dealer once reputed to be the "richest man in the world," was deeply in debt and pressed by creditors and unpaid employees when he became a key intermediary facilitating U.S. weapons sales to Iran, sources told The Times on Monday. By the time the arms deals began in 1985, according to these accounts, Khashoggi was besieged with claims for unpaid jet fuel, bounced payroll checks and overdue loans in what associates describe as his "cash flow problem."
NEWS
December 28, 1986
After six years of magic, President Reagan broke the spell. By deceiving the nation, he and those around him badly damaged his presidency. This traumatic tale is still unfolding, with no end in sight. This is how it developed. About 10 days later, presumably oblivious to Buckley's brutal fate, three businessmen in $600 silk suits were in a festive mood.
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