Saudi Denies Canadian Link in Arms Sale
Saudi Arabian arms dealer Adnan Khashoggi today denied reports that Canadian investors were involved in financing the U.S. arms sales to Iran.
“There’s no Canadians involved. I went to a bank in the Cayman Islands,” Khashoggi said in an interview on NBC-TV’s “Today” program. “I have a Canadian employee that’s president of my company. So they said Canadian financing. . . .”
Khashoggi, who also repeated his denials that he made any money by brokering the U.S. weapons sales, contradicted the assertions of New York businessman Roy Furmark, a consultant to Khashoggi, who reportedly has said that two Canadian businessmen put up financing for a May, 1986, arms shipment.
News accounts have quoted Furmark as saying two Canadian investors, Walter E. Miller and Donald Fraser, provided Khashoggi with $10 million in credit for the weapons deal.
Khashoggi is a Saudi billionaire who has said he helped arrange and finance the U.S.-Iran arms transactions.
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