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September 25, 1992 | MURRAY WAAS and DOUGLAS FRANTZ, SPECIAL TO THE TIMES
The Bush Administration paid more than $416 million to a Persian Gulf bank after the Gulf War despite evidence that the bank was helping finance a loan to a shipyard owned by Iraq and Libya, it was disclosed Thursday. The payments to Gulf International Bank were criticized in a letter to the Treasury Department by Sen. Patrick J. Leahy (D-Vt.), chairman of the Senate Agriculture Committee, as violations of presidential orders banning transfer of U.S. funds to the two nations.
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NEWS
September 25, 1992 | MURRAY WAAS and DOUGLAS FRANTZ, SPECIAL TO THE TIMES
The Bush Administration paid more than $416 million to a Persian Gulf bank after the Gulf War despite evidence that the bank was helping finance a loan to a shipyard owned by Iraq and Libya, it was disclosed Thursday. The payments to Gulf International Bank were criticized in a letter to the Treasury Department by Sen. Patrick J. Leahy (D-Vt.), chairman of the Senate Agriculture Committee, as violations of presidential orders banning transfer of U.S. funds to the two nations.
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