Liechtenstein

Liechtenstein

1977-78 – The Resal company in the Cayman islands was in turn owned by a Liechtenstein entity. The Resal foundation. The foundation was controlled by Sheikh Zayed, of UAE. (BCCI book).

1980s – BCCI was involved in Pakistan’s Islamic nuclear bomb project. The late Anthony Mascarenhas, a journalist with the Sunday Times in London. He began to investigate BCCI. BCCI was involved in processing nuclear technology for Pakistan through a Liechtenstein shell company and that Libya was involved.

2001-2004 – Michael Lauber was CEO of the Liechtenstein bankers association, from 2001 to 2004. He served as director of the Liechtenstein financial intelligence unit.

Jan 2005 – Al Taqwa al Qaeda banking network with offices in Switzerland, Liechtenstein, Italy and the Caribbean is suspected of providing transfers and banking facilities for al Qaeda. Al Taqwa was founded by Youssef Nada, an Egyptian born businessman, close to the Muslim Brotherhood. According to the US treasury, Al Taqwa acted as a money laundering facility for al Qaeda and other Islamic terrorist groups. It also provided indirect investment services for al Qaeda, investing funds for bin Laden and making cash deliveries on request to al Qaeda. Al Taqwa also provided a clandestine line of credit for a close associate of bin Laden. (Strategic insights vol iv issue 1 Jan 2005 Victor Comras.)

Cayman islands

Cayman islands

1973 – BCCI opened its first branch in London UK. BCCI bank HQ. Later established a holding company in another British colony, Cayman islands. Incorporated in Luxembourg.

1976 – Nugan Hand and BCCI used the same law firm in the Cayman isalnds, Bruce Campbell and co. The firm acted as registered agent for Nugan Hand. In 1976 it set up BCCI’s unit, International Credit and Investment company ltd, ICIC. Bruce Campbell also organized and managed several other corporate entities related to BCCI.

1977-78 – The Resal company in the Cayman islands was in turn owned by a Liechtestein entity, the Resal Federaton. The foundation was controlled by Sheikh Zayed and relatives of UAE.