MIDEAST TERROR WAR ADDS URGENCY TO CARLYLE GROUP
CONTROVERSY
Former President Bush Works for International Investment Firm
With Ties To Saudi Arabia
Company Had Bin Laden Family Connections
(Washington, DC) Judicial Watch, the public interest law firm that
investigates and prosecutes government corruption, today pointed out that
the recent spate of terror attacks on Israel has lent new urgency to the
need for former President Bush to resign from the Carlyle Group, an international
investment firm with close ties to the government of Saudi Arabia.
The former president, the father of President Bush, worked for the bin Laden
family business in Saudi Arabia through the Carlyle Group, meeting with them
at least twice. The terrorist leader Osama bin Laden had supposedly been
âdisownedâ by his family, which runs
a multi-billion dollar business in Saudi Arabia and was a major investor
in the senior Bushâs firm. Other reports have stated his
Saudi family have not truly cut off Osama bin Laden.
In the wake of Judicial Watch and other criticism of its ties to the bin
Laden family business, the Carlyle Group reportedly no longer does business
with the bin Laden conglomerate. Yet the Group, among other conflicts of
interest, reportedly has a major business relationship with the Saudi Arabian
government, which many have criticized for its lack of cooperation in
Americaâs war on terrorism and its financial and other
support for terrorist attacks on Israel and U.S. interests.
âIt stands to reason, as noted in the David Sanger piece
in The New York Times today, that President Bush consults with his
father on issues of the day. In a normal situation, this would be appropriate,
but with President Bushâs father being effectively an agent
of the Saudi Arabian government, it raises, in the least, a conflict of interest
problem. Questions can be raised, for instance, if the âkid
glovesâ treatment of Saudi Arabia by the Bush Administration
has anything to do with his fatherâs financial ties to
the Saudi regime. Former President Bush would be doing his son and his country
a favor by immediately resigning from the Carlyle Group,â
stated Judicial Watch Chairman and General Counsel Larry Klayman.
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