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| The Alliance |
| Feds freeze Saudi charity assets |
| 2001-10-28 |
From a white-carpeted Jiddah office, 11 stories above the sun-spangled Red Sea, Yassin Kadi oversees a portfolio of business ventures and charitable projects that span the globe. U.S. government reports allege that Kadi's money has stretched from Osama bin Laden's military camps to south suburban Bridgeview, where a cell of Hamas operatives recruited "martyrs" for their campaign against Israel. This month the Treasury Department froze Kadi's assets, along with those of 38 other people, charities and firms said to support terrorism. As evidence, a U.S. government official cites a 1998 Saudi bank audit that allegedly shows Kadi's Blessed Relief charity funneled $3 million to bin Laden, drawing the cash from some of that oil-rich country's wealthiest capitalists. |
| Posted by:Fred Pruitt |