Author Topic: Al-Kadi's ownership of Ptech acknowledged  (Read 1883 times)

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Offline ekimdrachir

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Al-Kadi's ownership of Ptech acknowledged
« on: December 01, 2009, 01:53:09 pm »
Al-Kadi's ownership of Ptech acknowledged

Rachel Ehrenfeld

On July 15, the Boston U.S. Attorney’s office announced the arrest of a former Ptech officer Buford George Peterson. The announcement also revealed indictments Paterson’s and Oussama Abdul Ziade, also a former officer of Ptech, Inc., a computer software company that operated from Quincy, Mass., for  making false statements to the U.S. Small Business Administration (SBA) in connection with a loan application. Thus, revealing that Yassin al Kadi was the major shareholder of the company that provided  IT services to most U.S. government offices, and had access to information detrimental to our national security.

In addition to Ptech, Kadi was the Director of the Saudi-based, bin Mahfouz owned Muwafaq Foundation ("Blessed Relief") that fronted for, and funded, Makhtab Al-Khidamat (MK), Al-Qaeda, Hamas, and the Abu-Sayyaf organization, to name just a few.  According to a Treasury Department letter to Switzerland’s Attorney General in November 2001, there was "a reasonable basis to believe that Mr. Kadi has a long history of financing and facilitating the activities of terrorists and terrorist-related organizations, often, acting through seemingly-legitimate charitable enterprises and businesses."

Kadi’s businesses extended throughout the world, and included banking, diamonds, chemicals, construction, transportation, and real estate.  It would be hard to find a more strategically placed individual to advance the agenda of al-Qaeda, or any other terrorist organization.

The identities and connections of some other Ptech major investors and managers should have also raised a red flag: Suliman Biheiri, an Egyptian, is alleged by the government to have funneled $3.7 million from the Saudi funded charity, the SAAR Foundation, to Islamist terrorists through BMI, a now-defunct New Jersey-based Islamic investment firm of which he was the founder and president, and which fronted for and funded Hamas. Biheiri, who was convicted in October 2004, for lying about businesses with Hamas’ Mousa Abu Marzook, was already in prison for immigration fraud. He also had links to the Muslim Brotherhood's and al Qaeda’s money-laundering machine, the Al-Taqwa network. 

Yakub Mirza, a Pakistani, was not only a business partner with Kadi in Ptech, but also the financial mastermind, Trustee, President and CEO of the SAAR Foundation, which according to the government is connected to the Safa Foundation, which the government claimed also provided material support to Islamist terrorist groups.  Mirza was also a Trustee on the board of Sanabel, the investment arm of the Saudi International Islamic Relief Organization (IIRO), which shared the same address as the SAAR Foundation: 555 Grove Street in Herndon, Virginia.  He set up and was the Secretary/Treasurer of the US branch of the Muslim World League (MWL), another Saudi charity that also served as the fund- raising arm of the US branch of the IIRO. Over the last four decades, the MWL received more than $1.3 billion directly from the late Saudi King Fahad. Both organizations have been documented to support Islamist around the world.

Abdurahman Muhammad Alamoudi was the President of the American Muslim Council (AMC) and the American Muslim Foundation (AMF); both received thousands of dollars from the Success Foundation. The Success Foundation also shared offices with the SAAR Foundation and provided the logistical and financial support for Islamist terror organizations.  Alamoudi also served as the Secretary of the Success Foundation, and openly stated his support for HAMAS and Hizbollah.  Like Mirza, he was a member of the IIRO.  Alamoudi pled guilty in July 2004 on charges related to a Libyan plot to assassinate then Saudi Crown Prince Abdullah. 

Other partners in Ptech had similar connections to al-Qaeda and Hamas.

In October 2001, former Vice-President of Sales for Ptech approached the FBI Boston office with detailed information regarding possible links between Ptech and the 9/11 attacks.  He was followed by Indira Singh, a risk consultant at J. P. Morgan Chase, in May 2002, who approached the Boston FBI office, the NY Joint Terrorism Task Force, the management of J. P. Morgan Chase and FBI headquarters with more documentation regarding possible Ptech penetration of US government agencies and corporations.   

The FBI finally raided Ptech on December 6, 2002.  However, no arrests were made and the company continues to operate, and according to Ptech’s CEO, Oussama Ziade, in May 2004, "Ptech still has government agencies as customers, including the White House." If Ziade, a Lebanese national, who left the U.S. in 2005 is "arrested and convicted of the charges in the indictment, he could faces up to 30 years in prison, to be followed by five years supervised release and a $1 million fine....If convicted on these charges, Peterson faces up to 30 years in prison, to be followed by five years of supervised release and a $1 million fine."

Even if convicted,  we are still in the dark regarding the information to which Ptech’s employees, management and investors had access.  The possibility that the Saudi funded al-Qaeda have taken advantage of then America's free market system to undermine its economy and national security seems quite real when one identifies the connections and affiliations of Ptech’s management, investors and employees.   

So, how could a small, Saudi-financed company with questionable terrorist connections obtain significant government and business contracts, and who facilitated this?  Was Horizons, its Egyptian branch, ever investigated?  Why wasn’t Ptech shut down immediately?  And even more importantly, are there other Ptechs around?

http://www.terrorfinance.org/the_terror_finance_blog/2009/07/alkadis-ownership-of-ptech-acknowledged-.html