Saudis Still Funding Al Qaeda

Charles Johnsonfollow me on twitter
Wed Nov 27, 2002 at 9:48 am PST • Views: 237

A cadre of Saudi businessmen with close ties to the royal family has funneled tens of millions of dollars to Al Qaeda within the last year. (Via Drudge.)

The CIA has traced transfers of tens of millions of dollars from the Saudis to Al Qaida over the last year, U.S. officials and congressional sources said.

The key backers of Al Qaida are said to be 12 prominent Saudi businessmen — all of whom have extensive business and personal connections with the royal family. These include ties to such ministers as Saudi Defense Minister Prince Sultan Bin Abdul Aziz, Interior Minister Prince Nayef Bin Abdul Aziz and Riyad Governor Prince Salman.

In July, the Rand Corporation delivered a briefing the Defense Policy Board which warned that the Saudi royal family has grown dependent on Islamic insurgency groups linked to Al Qaida. The Saudis spend billions of dollars in supporting anti-Western religious activities throughout the world, Middle East Newsline reported.

The CIA has tracked the flow of the funds of the 12 businessmen and have urged U.S. allies in Africa, Asia and Europe to freeze the assets of the Saudis. So far, no action is said to have been taken.
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 Frank says:

Great googly-moogly - you're gonna do it too!