From CGI member oldmaninthedesert. CGI is RMN's readers forum where oldman is a member. Come join us!!

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A couple more chapters of Jonathan Kwitny's work 'The Crimes of Patriots A True Tale of Dope, Dirty Money & The CIA'. Murder of a drug king, and the scam they ran on American's in Saudi Arabia,both private and military...

.... As it did in several sections to make its investigation appear more thorough than it was, the Stewart commission devoted a lot of space to shooting down fringe allegations that had little credibility to start with—for example, a charge that Nugan Hand officials had attended a farewell luncheon for a dope dealer and later gave $25,000 to his wife. (The luncheon, reported only in the Communist newspaper Tribune, probably never took place, and the $25,000 went to another woman with a similar name.)

After devoting seven paragraphs to repeating and analyzing these two shaggy-dog stories, the Stewart commission tossed off in a mere two paragraphs Nugan Hand's undisputed involvement with a group of people so vile they make Murray Riley look angelic by comparison: The "Mr. Asia" gang....

....Houghton told the task force he insisted on reporting only to Hand because he wanted it clear he was working not for the Sydney company, but for the Nugan Hand Bank of the Cayman Islands, the entity Admiral Yates was president of. He said the bank, unlike the Sydney company, was owned entirely by Mike Hand—though by the other evidence, this wasn't correct.

"Did you have any previous experience in banking?" a member of the Corporate Affairs Commission asked Houghton.

"Just borrowing," he replied.

But he joined the industry at the height of OPEC's power, the year of the biggest oil price increase ever. Saudi Arabia had been awash with money since the first oil price jump in 1973, and now a vast new flood of money was pouring in. The Saudi government ordered all kinds of construction projects. Whole new cities were planned, and thousands of American professionals and managers were arriving to supervise the hundreds of thousands of Asian laborers who were also arriving.

To get their services, Saudi Arabia had to offer much higher salaries than either the Americans or the Asians could earn back home. Most of the Americans were going over for a couple of years, prepared to suffer the isolated, liquorless, sexless, joyless Moslem austerity in exchange for the big nest eggs they would have when they returned to the U.S.

When they got to Saudi Arabia, they faced a problem, however. Every week or two, they got paid, in cash, American or Saudi. And because Moslem law forbids the paying or collecting of interest, there were no banks in the Western sense of the word.

So what to do with all that money?

https://exploringrealhistory.blogspot.com/2019/12/part-8-crimes-of-patriotsthe-mr-asia.html