July 6, 2005
For Immediate Release
Contact: Joe Kaufman (joe4rep@gate.net)

SAUDI PRINCE BIN TALAL FUNDED FAMILIES
OF SUICIDE BOMBERS

THEN FUNDED "MODERATE" MUSLIM GROUPS IN AMERICA

(Coral Springs, FL) This past May, Saudi Prince Alwaleed bin Talal was the keynote speaker at the 25th Year Silver Anniversary Convention of the American-Arab Anti-Discrimination Committee (ADC). He used the occasion to announce, in front of a crowd, that he was donating $6 million to the group for the purchase of a new ADC headquarters. Three years prior to this, in September of 2002, the Council on American-Islamic Relations (CAIR) launched a library book project paid for in part with a $500,000 donation from bin Talal. It was this same year, 2002, when bin Talal became embroiled in two separate controversies, both dealing with the transferring of funds to families of suicide bombers.

In April of 2002, bin Talal donated $27 million during a three-day telethon sponsored by the Saudi government group, the Committee for Support of the al-Aqsa Intifada. The total amount raised, during the telethon, was close to $110 million; Bin Talal had been the single largest donor. According to Israeli intelligence, this money was the main source of funding that went to 36 families of Palestinian terrorists, including eight families of suicide bombers.

In November of 2002, the Saudi American Bank (SAMBA) was named in a lawsuit put forward by the families of the victims of the September 11th attacks on the United States. SAMBA, since 1980, had been run by Citigroup, the world's largest financial institution. The lawsuit alleged that SAMBA was being used to "funnel thousands of dollars to terror groups and Palestinian families of suicide bombers" through an account (Account 98) set up by the previously aforementioned Committee for Support of the al-Aqsa Intifada. Besides his connection to this committee, bin Talal owns a 7%-plus stake in SAMBA, in addition to $9.4 billion in Citigroup stock.

ADC and CAIR, two groups that Prince Alwaleed bin Talal has given money to, are portrayed in the media and elsewhere as "moderate" Muslim groups. Yet nothing could be further from the truth. ADC publicly supports terrorist organizations, such as Hamas and Hezbollah, and CAIR was created by a front for Hamas, the Islamic Association for Palestine.

During his ADC keynote address, bin Talal made the following declaration of intent: "We have to be clear in our focus, and confident that our goals can be met. In this process of acculturation we have to be aware that the gains are slow and incremental and that it takes time to reach the desired end. But the task before us cannot wait, for there is too much at stake. That is why I, through Kingdom Holding Company, have already begun the process of establishing think-tanks, foundations and centers, as well as partnering with institutions of higher learning in the United States. Needless to say, we are more than prepared to work with organizations such as ADC, CAIR, Arab-American Institute, to name only a few, and to provide needed support."

Joe Kaufman, Chairman of Americans Against Hate (AAH), stated, "Given his past, bin Talal's agenda in the U.S. of creating and funding radical Islamist groups could have disastrous effects for the war on terrorism. We call on the U.S. government to investigate this matter immediately."

Joe Kaufman is available for interview. E-mail: joe4rep@gate.net.

 


© 2005 Americans Against Hate