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Profile: Adolfo Calero
Adolfo Calero was a participant or observer in the following events:
Saudi Arabia begins making secret monthly payments of $1 million to the Contras. The money is deposited into a secret Cayman Islands account owned by Contra leader Adolfo Calero. [PBS, 2000]
Months before the National Security Council (NSC)‘s Oliver North sets up his network to illegally divert funds from Iranian arms sales to the Nicaraguan Contras (see December 6, 1985 and April 4, 1986), the NSC uses the Bank of Credit and Commerce International (BCCI—see July 22, 1991) to channel money to the Contras. This money is sent from White House-controlled funds to Saudi Arabia to “launder” its origins, then deposited into a BCCI bank account controlled by Contra leader Adolfo Calero. [Time, 7/22/1991]
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