Osama bin Laden: The lies US, Pakistan told the world

[email protected] (New York Times)
March 27, 2014

Bin_LCarlotta Gall, Mar 27: Shortly after the Sept 11 attacks, I went to live and report for The New York Times in Afghanistan. I would spend most of the next 12 years there, following the overthrow of the Taliban, feeling the excitement of the freedom and prosperity that was promised in its wake and then watching the gradual dissolution of that hope.

The Pakistani government, under President Pervez Musharraf and his intelligence chief, Lt Gen Ashfaq Parvez Kayani, was maintaining and protecting the Taliban, both to control the many groups of militants now lodged in the country and to use them as a proxy force to gain leverage over and eventually dominate Afghanistan.

The dynamic has played out in ways that can be hard to grasp from the outside, but the strategy that has evolved in Pakistan has been to make a show of cooperation with the American fight against terrorism while covertly abetting and even coordinating Taliban, Kashmiri and foreign Qaeda-linked militants.

The linchpin in this two-pronged and at times apparently oppositional strategy is the ISI. It's through that agency that Pakistan's true relationship to militant extremism can be discerned — a fact that the United States was slow to appreciate, and later refused to face directly, for fear of setting off a greater confrontation with a powerful Muslim nation.

It took more than three years before the depth of Pakistan's relationship with Al Qaeda was thrust into the open and the world learned where Bin Laden had been hiding, just a few hundred yards from Pakistan's top military academy. In May 2011, I drove with a Pakistani colleague down a road in Abbottabad until we were stopped by the Pakistani military.

We left our car and walked down a side street, past several walled houses and then along a dirt path until there it was: Osama bin Laden's house, a three-story concrete building, mostly concealed behind concrete walls as high as 18 feet, topped with rusting strands of barbed wire. This was where Bin Laden hid for nearly six years, and where, 30 hours earlier, Navy SEAL commandos shot him dead in a top-floor bedroom.

Soon after the Navy SEAL raid on Bin Laden's house, a Pakistani official told me that the United States had direct evidence that the ISI chief, Lt Gen Ahmed Shuja Pasha, knew of Bin Laden's presence in Abbottabad. The information came from a senior United States official, and I guessed that the

Americans had intercepted a phone call of Pasha's or one about him in the days after the raid. “He knew of Osama's whereabouts, yes,” the Pakistani official told me.

The official was surprised to learn this and said the Americans were even more so. Pasha had been an energetic opponent of the Taliban and an open and cooperative counterpart for the Americans at the ISI. “Pasha was always their blue-eyed boy,” the official said. But in the weeks and months after the raid, Pasha and the ISI press office strenuously denied that they had any knowledge of Bin Laden's presence in Abbottabad.

Colleagues at The Times began questioning officials in Washington about which high-ranking officials in Pakistan might also have been aware of Bin Laden's whereabouts, but everyone suddenly clammed up. It was as if a decision had been made to contain the damage to the relationship between the two governments. “There's no smoking gun,” officials in the Obama administration began to say.

Revelation of correspondenceThe haul of handwritten notes, letters, computer files and other information collected from Bin Laden's house during the raid suggested otherwise, however. It revealed regular correspondence between Bin Laden and a string of militant leaders who must have known he was living in Pakistan, including Hafiz Muhammad Saeed, the founder of Lashkar-e-Taiba, a pro-Kashmiri group that has also been active in Afghanistan, and Mullah Omar of the Taliban. Saeed and Omar are two of the ISI's most important and loyal militant leaders.

Both are protected by the agency. Both cooperate closely with it, restraining their followers from attacking the Pakistani state and coordinating with Pakistan's greater strategic plans. Any correspondence the two men had with Bin Laden would probably have been known to their ISI handlers.

Bin Laden did not rely only on correspondence. He occasionally travelled to meet aides and fellow militants, one Pakistani security official told me. “Osama was moving around,” he said, adding that he heard so from jihadi sources. “You cannot run a movement without contact with people.” Bin Laden travelled in plain sight, his convoys always knowingly waved through any security checkpoints.

In 2009, Bin Laden reportedly travelled to Pakistan's tribal areas to meet with the militant leader Qari Saifullah Akhtar. Informally referred to as the “father of jihad,” Akhtar is considered one of the ISI's most valuable assets. According to a Pakistani intelligence source, he was the commander accused of trying to kill Bhutto on her return in 2007, and he is credited with driving Mullah Omar out of Afghanistan on the

back of a motorbike in 2001 and moving Bin Laden out of harm's way just minutes before American missile strikes on his camp in 1998.

After the Sept 11 attacks, he was detained several times in Pakistan. Yet he was never prosecuted and was quietly released each time by the ISI.

In trying to prove that the ISI knew of Bin Laden's whereabouts and protected him, I struggled for more than two years to piece together something other than circumstantial evidence and suppositions from sources with no direct knowledge.

Only one man, a former ISI chief and retired general, Ziauddin Butt, told me that he thought Musharraf had arranged to hide Bin Laden in Abbottabad. But he had no proof and, under pressure, claimed in the Pakistani press that he'd been misunderstood. Finally, on a winter evening in 2012, I got the confirmation I was looking for.

According to one inside source, the ISI actually ran a special desk assigned to handle Bin Laden. It was operated independently, led by an officer who made his own decisions and did not report to a superior. He handled only one person: Bin Laden. I was sitting at an outdoor cafe when I learned this, and I remember gasping, though quietly so as not to draw attention.

America's failure to fully understand and actively confront Pakistan on its support and export of terrorism is one of the primary reasons President Karzai has become so disillusioned with the United States. As American and Nato troops prepare to withdraw from Afghanistan by the end of this year, the Pakistani military and its Taliban proxy forces lie in wait, as much a threat as any that existed in 2001.

Pakistani security officials, political analysts, journalists and legislators warned of the same thing. The Pakistani military was still set on dominating Afghanistan and was still determined to use the Taliban to exert influence now that the United States was pulling out.

The United States was neither speaking out against Pakistan nor changing its policy toward a government that was exporting terrorism, the legislator lamented. “How many people have to die before they get it? They are standing by a military that protects, aids and abets people who are going against the US and Western mission in Afghanistan, in Syria, everywhere.”

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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News Network
March 4,2020

Tokyo, Mar 4: Takeda Pharmaceutical Co said on Wednesday it was developing a drug to treat COVID-19, the flu-like illness that has struck more than 90,000 people worldwide and killed over 3,000.

The Japanese drugmaker is working on a plasma-derived therapy to treat high-risk individuals infected with the new coronavirus and will share its plans with members of the U.S. Congress on Wednesday, it said in a statement.

Takeda is also studying whether its currently marketed and pipeline products may be effective treatments for infected patients.

"We will do all that we can to address the novel coronavirus threat...(and) are hopeful that we can expand the treatment options," Rajeev Venkayya, president of Takeda's vaccine business, said in the statement.

Takeda said it was in talks with various health and regulatory agencies and healthcare partners in the United States, Asia and Europe to move forward its research into the drug.

Its research requires access to the blood of people who have recovered from the respiratory disease or who have been vaccinated, once a vaccine is developed, Takeda said.

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