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Judicial Watch
9/28/2001 Press Office
202-646-5172
WALL STREET JOURNAL: BUSH SR. IN BUSINESS WITH BIN LADEN
FAMILY
CONGLOMERATE THROUGH
CARLYLE GROUP
FAMILY HAD RENOUNCED TIES TO TERRORIST SON BUT FAMILY STILL UNDER
FBI INVESTIGATION
FATHER OF PRESIDENT SHOULD PULL OUT OF
INTERNATIONAL CONSULTING FIRM
Washington, DC) Judicial Watch, the public interest law firm that
investigates and prosecutes government corruption and
abuse, reacted with disbelief to The Wall Street Journal report of yesterday
that George H.W. Bush, the father of President
Bush, works for the bin Laden family business in Saudi Arabia through the
Carlyle Group, an international consulting firm.
The senior Bush had met with the bin Laden family at least twice. (Other top
Republicans are also associated with the
Carlyle group, such as former Secretary of State James A. Baker.) The
terrorist leader Osama bin Laden had supposedly
been âdisownedâ* by his family, which runs a multi-billion dollar
business in Saudi Arabia and is a major investor in
the senior Bushâs firm. Other reports have questioned, though, whether
members of his Saudi family have truly cut off
Osama bin Laden. Indeed, the Journal also reported yesterday that the FBI
has subpoenaed the bin Laden family
businessâs bank records.
Judicial Watch earlier this year had strongly criticized President Bushâs
fatherâs association with the Carlyle
Group, pointing out in a March 5 statement that it was a âconflict of
interest (which) could cause problems for
Americaâs foreign policy in Middle East and Asia.â* Judicial Watch called
for the senior Bush to resign from the firm
then.
âThis conflict of interest has now turned into a scandal. The idea of the
Presidentâs father, an ex-president
himself, doing business with a company under investigation by the FBI in the
terror attacks of September 11 is horrible.
President Bush should not ask, but demand, that his father pull out of the
Carlyle Group,â* stated Judicial Watch
Chairman and General Counsel Larry Klayman.
âThis has the potential of making âBillygateâ (Jimmy Carterâs
brotherâs dealings with Libya) look like
small potatoes,â* added Judicial Watch President Tom Fitton.
See "Bin Laden Family Could Profit From a Jump In Defense Spending Due to
Ties to U.S. Bank," by Daniel Golden,
James Bandler, and Marcus Walker, The Wall Street Journal, 9/28/01
(www.wsj.com, subscription required).
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