Akberali Moawalla
Encyclopedia
Akberali Moawalla is a prominent Pakistani businessman, notable for his business connections to the Bin Laden family
of Saudi Arabia
. He is a former business partner of Yeslam bin Ladin
, half-brother of the more famous Osama bin Ladin, and of the Geneva-based Saudi Investment Company
(SICO), which represents the worldwide business interests of the Saudi Binladin Group.
In particular, the chief investigator noted a €241 million transfer made to Pakistan in 2000 from an account belonging to an SBG subsidiary company called Cambridge, which was opened at Deutsche Bank
in Geneva, according to Le Monde
. U.S. authorities were aware of the existence of those funds, which they believe were transferred into an account belonging jointly to Osama bin Laden and someone of Pakistani nationality, according to the French paper.
Bin Laden family
The bin Laden family , also spelled bin Ladin, is a wealthy family intimately connected with the innermost circles of the Saudi royal family. The family was thrown into media spotlight through the activities of one of its members, Osama bin Laden, mastermind of the 9/11 attacks...
of Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
. He is a former business partner of Yeslam bin Ladin
Yeslam bin Ladin
Yeslam bin Muhammad bin 'Awad bin Ladin better known as Yeslam bin Laden, also written Yeslam Binladin, as he prefers to spell it, is a Swiss businessman and the half-brother of the deceased al-Qaeda leader, Osama bin Laden....
, half-brother of the more famous Osama bin Ladin, and of the Geneva-based Saudi Investment Company
Saudi Investment Company
The Saudi Investment Company , headquartered Geneva, Switzerland and founded on May 19, 1980, represents the worldwide interests of the Saudi Binladin Group.- Overview :...
(SICO), which represents the worldwide business interests of the Saudi Binladin Group.
Interesting transactions
On Dec. 5, 2001, French authorities opened an investigation into financial transfers executed in Paris between firms under SICO's umbrella, which also aroused the interest of investigative authorities in the U.S.In particular, the chief investigator noted a €241 million transfer made to Pakistan in 2000 from an account belonging to an SBG subsidiary company called Cambridge, which was opened at Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
in Geneva, according to Le Monde
Le Monde
Le Monde is a French daily evening newspaper owned by La Vie-Le Monde Group and edited in Paris. It is one of two French newspapers of record, and has generally been well respected since its first edition under founder Hubert Beuve-Méry on 19 December 1944...
. U.S. authorities were aware of the existence of those funds, which they believe were transferred into an account belonging jointly to Osama bin Laden and someone of Pakistani nationality, according to the French paper.