home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
CNN Newsroom: Global View
/
CNN Newsroom: Global View.iso
/
txt
/
jpr
/
jpr0891.002
< prev
next >
Wrap
Text File
|
1994-05-02
|
4KB
|
93 lines
<text>
<title>
BCCI Closure Exemplifies 'Western Justice'
</title>
<article>
<hdr>
Joint Publications Research Service, August 9, 1991
Political: BCCI Closure Exemplifies "Western Justice"
</hdr>
<body>
<p>By Argus, "This is a Massacre of Innocents", [Islamabad, The
Muslim in English, 11 Jul 91, pp. 1,9]
</p>
<p> Why has lightening struck the BCCI (Bank of Credit and
Commerce International)? Of course, the Bank of England is no
novice in the business. They cannot be assumed to be so
innocent as not to know that one very simple, easy and
inexpensive way to get rid of something you don't want around
is: give the dog a bad name and hang it. Then, if there is some
hue and cry, pretend you are not listening. And tomorrow is
another day, anyway.
</p>
<p> All banking is a predatory business up to a point.
Multinational banking is the game of sharks. Sharp dealing is no
crime. That's what it's all about, a seasoned insider would
admit without batting an eyelid. You are seldom punished for
shady deals. But fingers which remain clean all the time might
end up with burns and boils.
</p>
<p> What can be more cynical business than holding money for
known dictators, tyrants, gunrunners, drug dealers. Every
dictator--military or civvy--dethroned monarch, ousted
swindler, is welcome to Swiss banking. Some of the biggest
bankers thrive on some of the dirtiest money, loot and plunder.
Where is Batista's, or Marcos' or Duvalier's, or the Persian's
Shah money? In the best and biggest of the banking houses of
Europe and U.S.!
</p>
<p> Human imagination cannot think of more tarnished money
because it has been looted from the poorest and the most
wretched of people on earth. This is not immoral banking. No
laws are seen to be violated in this stark violation of all
decencies. This then, is the character of those who have made a
target of the BCCI for the last so many years. When the judges
be steeped in vice, how is one to honor their verdict on issues
of morality or legality? In the United States the BCCI was
hounded out in a manner which was blatantly unfair, if not
downright perverse. BCCI was accused and convicted of
laundering drug money. No use wasting time arguing the point.
All right, BCCI was guilty. You punished it to your spleen's
content. The BCCI is no more in the U.S. But billions of drug
money is. It is increasing by the spilt second. Who is
laundering it now? Not the BCCI. The obvious answer is the U.S.
banks, who else? Now you see, the one reason for going for the
BCCI. One among several soon to be explained.
</p>
<p> The banking business in the West is every bit inspired and
controlled by shylockian ethos. In his eyes, the BCCI was
fatally flawed on a minimum of four counts:
</p>
<p> 1) It was a Third World enterprise, capable of showing a
candle to the First World banking genii. That was intolerable;
</p>
<p> 2) it was a Muslim enterprise. Muslims are not supposed to
enter the forbidden field of Western banking;
</p>
<p> 3) it was an Arab-financed institution, and flourishing.
A rankling thorn in the Zionist side; and
</p>
<p> 4) it was atrociously smart, efficient and profitable.
</p>
<p> As far as the Zionist dominated money market is concerned, it
is an absolutely no-go area for Muslims, Arabs, Third World
people, particularly Pakistanis. The BCCI would have been
allowed to survive if it was clumsy, inefficient, cringing,
servile, a true copy of the picture of the Third World that the
rich in the West love to see and then heap hate on. BCCI's
capital offence was that it nearly outshone the brahmins of
banking, the Jews in the city, London, Wall Street, New York,
N.Y., U.S. Once the decision to guillotine was finally made,
excuses to justify the killing could always be found.
Particularly when you are the complainant, the investigator,
the prosecutor and the judge as well as the hatchet man.
</p>
<p> Long give Western justice, fairplay, tolerance and what have
you. The persecution of BCCI is one glowing example of Western
values in full cry. In simple lingo of simple people, what the
Bank of England has done to BCCI is the massacre of innocents.
</p>
</body>
</article>
</text>