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Context of '1984-1986: CIA Director Repeatedly Meets with Head of Criminal BCCI Bank, Funding of Afghan War Is Discussed'

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Agha Hasan Abedi.Agha Hasan Abedi. [Source: Terry Kirk / Financial Times]Investigative journalist Joseph Trento will later report that in 1976, the Safari Club, a newly formed secret cabal of intelligence agencies (see September 1, 1976-Early 1980s), decides it needs a network of banks to help finance its intelligence operations. Saudi Intelligence Minister Kamal Adham is given the task. “With the official blessing of George H. W. Bush as the head of the CIA, Adham transformed a small Pakistani merchant bank, the Bank of Credit and Commerce International (BCCI), into a world-wide money-laundering machine, buying banks around the world to create the biggest clandestine money network in history.” BCCI was founded in 1972 by a Pakistani named Agha Hasan Abedi, who was an associate of Adham’s. Bush himself has an account at BCCI established while still director of the CIA. French customs will later raid the Paris BCCI branch and discover the account in Bush’s name. [Trento, 2005, pp. 104] Bush, Adham, and other intelligence heads work with Abedi to contrive “a plan that seemed too good to be true. The bank would solicit the business of every major terrorist, rebel, and underground organization in the world. The intelligence thus gained would be shared with ‘friends’ of BCCI.” CIA operative Raymond Close works closely with Adham on this. BCCI taps “into the CIA’s stockpile of misfits and malcontents to help man a 1,500-strong group of assassins and enforcers.” [Trento, 2005, pp. 104] Soon, BCCI becomes the fastest growing bank in the world. Time magazine will later describe BCCI as not just a bank, but also “a global intelligence operation and a Mafia-like enforcement squad. Operating primarily out of the bank’s offices in Karachi, Pakistan, the 1,500-employee black network has used sophisticated spy equipment and techniques, along with bribery, extortion, kidnapping and even, by some accounts, murder. The black network—so named by its own members—stops at almost nothing to further the bank’s aims the world over.” [Time, 7/22/1991]

Entity Tags: Central Intelligence Agency, Bank of Credit and Commerce International, Safari Club, Agha Hasan Abedi, George Herbert Walker Bush, Raymond Close, Kamal Adham

Timeline Tags: Complete 911 Timeline, War in Afghanistan

CIA covert weapons shipments are sent by the Pakistani army and the ISI to rebel camps in the North West Frontier province near the Afghanistan border. The governor of the province is Lieutenant General Fazle Haq, who author Alfred McCoy calls Pakistani President Muhammad Zia ul-Haq’s “closest confidant and the de facto overlord of the mujaheddin guerrillas.” Haq allows hundreds of heroin refineries to set up in his province. Beginning around 1982, Pakistani army trucks carrying CIA weapons from Karachi often pick up heroin in Haq’s province and return loaded with heroin. They are protected from police search by ISI papers. [McCoy, 2003, pp. 477] By 1982, Haq is listed with Interpol as an international drug trafficker. But Haq also becomes known as a CIA asset. Despite his worsening reputation, visiting US politicians such as CIA Director William Casey and Vice President George H. W. Bush continue to meet with him when they visit Pakistan. Haq then moves his heroin money through the criminal Bank of Credit and Commerce International (BCCI). A highly placed US official will later say that Haq “was our man… everybody knew that Haq was also running the drug trade” and that “BCCI was completely involved.” [Scott, 2007, pp. 73-75] Both European and Pakistani police complain that investigations of heroin trafficking in the province are “aborted at the highest level.” [McCoy, 2003, pp. 477] In 1989, shortly after Benazir Bhutto takes over as the new ruler of Pakistan, Pakistani police arrest Haq and charge him with murder. He is considered a multi-billionaire by this time. But Haq will be gunned down and killed in 1991, apparently before he is tried. [McCoy, 2003, pp. 483] Even President Zia is implied in the drug trade. In 1985, a Norwegian government investigation will lead to the arrest of a Pakistani drug dealer who also is President Zia’s personal finance manager. When arrested, his briefcase contains Zia’s personal banking records. The manager will be sentenced to a long prison term. [McCoy, 2003, pp. 481-482]

Entity Tags: Bank of Credit and Commerce International, Muhammad Zia ul-Haq, Central Intelligence Agency, Pakistan Directorate for Inter-Services Intelligence, Fazle Haq, William Casey, George Herbert Walker Bush, Pakistani Army

Timeline Tags: Complete 911 Timeline, War in Afghanistan

According to Alfred W. McCoy, author of The Politics of Heroin, in 1983 Pakistani President Muhammad Zia ul-Haq allows Pakistani drug traffickers to deposit their drug profits in the BCCI bank without getting punished. The criminal BCCI bank has close ties to the Pakistani government and the US funding of the Afghan war. It will be shut down in 1991. BCCI also plays a critical role in facilitating the movement of Pakistan’s heroin money. By 1989, Pakistan’s heroin trade will be valued at $4 billion a year, more than all of Pakistan’s legal exports. [McCoy, 2003, pp. 480]

Entity Tags: Muhammad Zia ul-Haq, Alfred McCoy, Bank of Credit and Commerce International

Timeline Tags: Complete 911 Timeline

An ailing Agha Hasan Abedi in 1991.An ailing Agha Hasan Abedi in 1991. [Source: Associated Press]NBC News later reports that CIA Director William Casey secretly meets with the head of the criminal Bank of Credit and Commerce International (BCCI) from 1984 until 1986, shortly before Casey’s death. The NBC report, quoting unnamed BCCI sources, will claim that Casey met with BCCI head Agha Hasan Abedi every few months in a luxury suite at the Madison Hotel in Washington. The two men allegedly discussed the Iran-Contra arms-for-hostages transactions and CIA weapons shipments to the mujaheddin in Afghanistan. The CIA denies all the allegations. [Associated Press, 2/21/1992] But books by Time magazine and Wall Street Journal reporters will corroborate that Casey repeatedly met with Abedi. [Scott, 2007, pp. 116] Casey also meets with Asaf Ali, a BCCI-connected arms dealer, in Washington, DC, and in Pakistan. On one occasion, Casey has a meeting in Washington with Abedi, Ali, and Pakistani President Muhammad Zia ul-Haq. [Beaty and Gwynne, 1993, pp. 308]

Entity Tags: Asaf Ali, Central Intelligence Agency, Bank of Credit and Commerce International, Agha Hasan Abedi, Muhammad Zia ul-Haq, William Casey

Timeline Tags: Complete 911 Timeline, Iran-Contra Affair, War in Afghanistan

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