Freemasons, Chase Manhattan & the Arming of Saddam Hussein

The Chase Manhattan Two-Way Mirror

Chase Manhattan Bank’s board of directors had a huge presence on Banca Nacionale de Lavoro’s (BNL’s) Consulting Board for International Policy. In fact the two boards mirrored one another. Along with Chase Chairman David Rockefeller and his long-time lieutenant Henry Kissinger, interlocks between the boards included Fluor Saudi partner Sheik Ahmed Juffali, Indian tycoon Ratan Tata, Royal Bank of Canada insider Gustavo Cisneros, Giovanni Agnelli of the Italian Fiat conglomerate, Pehr Gyllenhammer of the Swedish Volvo, Mitsubishi Chairman Koichiro Ejiri and British Lord Carrington. Members of the BNL advisory board included former Canadian Prime Minister Pierre Trudeau, former British Defense Secretary Lord Thornycroft, Britain’s Lord Ezra and chairman of Petrofina Jean-Pierre Amory.

Roy William Harris didn’t hang out with this cadre of international oligarchy elite, but he was a star trader at Salomon Brothers Philbro Energy trading unit, which Salomon (now part of Citigroup) purchased from the Oppenheimer family. With financing from David Rockefeller’s Chase Manhattan, Harris founded Arochem, a private oil refining company that went bust in 1992 after squandering $200 million. Harris insists he lost the money on oil trades, but the judge who sent him to prison wasn’t buying it.

Harris did deals with Bayoil, an affiliate of the Iraqi weapons front Bay Industries. Bayoil was run by David Bay Chalmers and in 1987 served as middleman for an Iraqi oil for arms network involving Chilean arms dealer Carlos Cardoen, who had ties to Pinochet’s DINA secret police. Cardoen owned Industrias Cardoen-Chile and quickly became the biggest arms supplier to Iraq. The company built and shipped weapons for the South African company Armscor- a long-time CIA conduit. According to an ABC Nightline investigation, Bush CIA Director Robert Gates worked closely with Cardoen.

Bayoil once claimed to own Arochem. The companies shared an office building in Stamford, Connecticut. The $200 million which Harris had misplaced was likely skimmed from the Chase-financed Arochem to bankroll Cardoen’s CIA oil for arms scheme. Harris’ attorney was David Lewis, CIA defense lawyer for Company fall guys Manuel Noriega and Ed Wilson. Bayoil was founded as Bay Petroleum in 1935 by Chalmers’ great uncle- an OSS operative. Bay was sold to Tenneco is 1955 and Chalmers’ father started Coral Petroleum, which operated throughout the Middle East. Coral went bust in 1983, but David’s father found the means to retire on a grand estate in Mexico. Coral Petroleum is also the name of the Sheik Khalid bin Mahfouz firm which has joint Caspian Sea ventures with the Four Horsemen.

David Bay Chalmers started dealing with the Iraqis in 1987 while working with Carey Petroleum, which was owned by New York Governor Hugh Carey’s brother Ed. Chilean arms dealer Cardoen was sending boatloads of cluster bombs to Saddam. The shipments were paid for in Iraqi oil, deals which Chalmers brokered for Cardoen, who was getting zirconium for his cluster bombs from the Oregon-based Teledyne Industries.

DEA informant John Pastis said Chalmers assured him that the US government had approved the deals. In 1988 Chalmers floated plans to construct a $3 billion PC-2 mustard gas complex in Iraq, later built by Bechtel. That same year Oscar Wyatt, chairman of oil refiner Coastal Corporation, bragged to
Vanity Fair that he did many favors for Reagan CIA Director Bill Casey in Coastal’s numerous dealings with the Iraqi government.

Roy William Harris founded Arochem when he bought a Puerto Rican benzene plant in 1987. Chase Manhattan financed the deal, putting up twice the money Harris actually needed, money that may have been diverted to Cardoen’s efforts. Harris associate John Moller ran USA Petroleum in Los Angeles. He and Harris would buy put options on overpriced stocks, with the profits from this short-selling going into private Harris accounts. Delaney Petroleum of London, which was owned by David Bay Chalmer’s friend Michael Linehan, was also buying put options and skimming profits. One of Delaney’s oil traders was Coastal Chairman Oscar Wyatt’s son Steven.

The mastermind of these complex oil and metals trades was Irwin Vosko, who ran Bayoil’s office in the Bahamas with Peter Shaddick. Shaddick helped
Banco Ambrosiano President Michelle Sindona loot the pedophilia-ridden Franklin National Bank in 1974. Sindona, a good friend of Nixon Treasury Secretary David Kennedy, was never convicted. Shaddick received a paltry one year prison sentence. Arochem had its offshore offices in the Cayman Islands, where Saudi Intelligence was busy laundering Medellin Cartel drug money.

more here: http://intellihub.com/2013/03/23/freemasons-chase-manhattan-the-arming-of-saddam-hussein/