Has anyone done homework on the possible F.B.I investigation with Cirrus Design Corporation, Crescent Capital of Atlanta, the First Islamic Investment Bank of Bahrain in the United Arab Emerites and as part of the Cirrus 83,000,000 million dollar deal in new equity and a 17 million dollar credit line and to build their aircraft in europe and possibly near or in the middle east?This could be very serious.The more one investigates this the more one should investigate.
This is a crock.
As discussed in previous posts, Crescent Capital is a known, established entity with a track record of minimal-interference investment in normal American businesses. Caribou Coffee (midwest version of Starbucks), Yakima sports racks, etc. Gee, has anyone done “homework” on the possible FBI investigation of Yakima sports racks being used to carry bombs?
If you had $100 million to invest in terrorism, applying it to a small airplane company would seem about the stupidest thing to do Why not just BUY some planes off the shelf now and put them to use??
Islamic banks stung by claims they fund violent extremists
By James Drummond in Bahrain
Published: October 7 2001 19:16
Islamic banks are under the spotlight, as worldwide efforts to trace
terrorist financing have accelerated since the September 11 attacks in
Now the institutions are responding. Last week, the General Council
for Islamic Banks and Financial Institutions, a representative body
founded only a few days before, issued a defensive statement attacking
“false allegations” made about the sector.
“The campaign is characterised by misleading information and unfounded
claims and statements that Islamic banks are funding and providing
banking and financial cover to terrorist groups,” the council said.
Two banks in Bahrain are taking legal action after claims were made in
a French newspaper linking them to Osama Bin Laden, prime suspect in
the attacks. A third bank based in the United Arab Emirates, Dubai
Islamic, has also been the subject of speculation although the
evidence is at present circumstantial.
Dubai Islamic itself is saying little. It says that it will only reply
to written questions with the permission of its chairman.
The central banks of the six-member Gulf Co-operation Council have
asked the institutions they regulate to close down any accounts
carried on a list issued by the US authorities and alleged to have
terrorist links. In Bahrain and in Saudi Arabia at least the process
has turned up nothing.
“We are expecting more names to be added,” says an official at the
Bahrain Monetary Agency, the central bank. Bankers here have also been
surprised by the names included and excluded in the US list.
“Any list that doesn’t include a Swiss or a Pakistani bank has got to
be wide of the mark,” says another banker in Manama.
It seems more likely that the if Mr Bin Laden did use an Islamic
financial institution as a vehicle to pass funds around the world, it
would have been as a result of technical incompetence rather than a
“The depth of management talent within the sector is very thin. The
quality of the people is the real problem,” says a lawyer at a
Bahraini Islamic bank.
The sector has been growing consistently since the 1970s but, held
back by a want of widely agreed terminology and regulation, it has
remained a niche player even in the Gulf.
Iran and Pakistan have nominally wholly Islamic banking systems but in
both countries it is more a question of nomenclature than practice.
Malaysian and Indonesian banks operate Islamic “windows” inside
Only in Bahrain which has set out to design itself as the centre of
the industry worldwide and Sudan where the whole sector is strictly
Islamic are there really sizeable Isla mic banking sectors.
In Bahrain at least one player is bullish. “We’re not afraid and we’re
not hiding,” says Atif Abdulmalik, the CEO of First Islamic Investment
“This region has half of the world’s energy reserves and the US is
half of the world’s economy. We still have to trade with the US and
the US has to trade with us,” Mr Abdulmalik says.
“If anything good can come out of this, it is perhaps that there will
be an increased recognition in the region for good regulation and
transparency,” says Rifat Abdel Karim, secretary-general of the
Accounting and Auditing Association for Islamic Financial
Mr Abdel Karim has been battling for years to have his IAS compliant
standards accepted outside Bahrain and Sudan and to a lesser extent
Qatar and Saudi Arabia.
I agree with Jim F. 100%. To quote http://www.thetimes.co.uk/article/0,2001310020-2001350205,00.htmlPrime Minister Tony Blair: “It angers me, as it angers the vast majority of Muslims, to hear bin Laden and his associates described as Islamic terrorists. They are terrorists pure and simple. Islam is a peaceful and tolerant religion, and the acts of these people are contrary to the teachings of the Koran.”
I agree that by all appearances Cirrus has a legitimate source of funds. I would be concerned if I were them about the means of receiving them. It is very likely that the terrorist war will expand significantly in the financial realm. The terrorist financial networks will be seen to use many banks. If those banks don’t provide complete transparancy (a foreign concept in most Middle Eastern cultures, from France south!) they might find their access to the US denied. I’d want to be sure I had access to liquid funds not likely to be frozen.
Maybe he’s right? What about the JFK assassination or the trilatteral commission. Perhaps the terrorists are really aliens (from Roswell, of course) about to undermine the entire planet so they can colonize it and subjugate all humans.
Sorry, how silly of me? Just a knee JERK reaction, to another.
Wow! That’s a new thought. NOT! Perhaps you’ve left similar messages here before? Somehow I doubt that INVESTING million in a US company with marginal cash flow (if any) is financing terrorism. Since the Saudis have invested billions in GM and Microsoft, should we investigate them as well?
Get a life. Spread your rubbish elsewhere. If you’re sincere, post with your name and stand behind your words. How is slandering a US company which employs hundreds of taxpaying US workers, many of which are supporting families, in any way going to hurt terrorism? Perhaps it is you who is trying to commit economic terrorism?