Asat Trust

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The Asat Trust is a business in Liechtenstein which represents the interests of other businesses in that state.

Liechtenstein Principality in western-central Europe

Liechtenstein, officially the Principality of Liechtenstein, is a doubly landlocked German-speaking microstate in Alpine Central Europe. The principality is a constitutional monarchy headed by the Prince of Liechtenstein.

Contents

People

Notable Relationships

Al Taqwa

The Asat Trust has represented Al Taqwa Bank, a business of Youssef Nada and Ali Ghaleb Himmat, which has been accused of financing al-Qaeda. [2]

The Al Taqwa Bank is a financial institution incorporated in 1988. It is based out of The Bahamas, Switzerland, and Liechtenstein. Al Taqwa Bank was accused by the United States of having links to Islamist terror organizations, and that it was a major source of funds for the operations of Osama bin Laden and his associates, the banks Manager Mr Nada was put on the "special definition GLOBAL terrorist". On August 2, 2010, the bank was removed from a list of entities and individuals associated with Al Qaeda that is maintained by the UN Security Council.

Youssef Moustafa Nada is a noted businessman and Muslim Brotherhood financial strategist. Nada is most famous for raising successful European human rights legal cases to defend himself against accusations of terrorism by the United States. The U.S. accusations, made directly after the 9/11 attacks, resulted in his placement on the United Nations Security Council Resolution 1267 terror blacklist.

Ali Ghaleb Himmat is an Italian businessman who lives in Campione d'Italia, Italy, near Youssef Nada.

A lawsuit filed by the family of John P. O'Neill describes Asat as a "money laundering organization" founded by Youssef Nada. [3]

John P. ONeill American counter-terrorism expert

John Patrick O'Neill was an American counter-terrorism expert, who worked as a special agent and eventually a Special Agent in Charge in the Federal Bureau of Investigation. In 1995, O'Neill began to intensely study the roots of the 1993 World Trade Center bombing after he assisted in the capture of Ramzi Yousef, who was the leader of that plot.

LGT Bank

Asat has a close relationship with the bank of the Liechtenstein royal family and has printed the name of that bank on its own letterhead. [2]

LGT Group company

LGT Group is the largest family-owned private banking and asset management group in the world. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation and led by its family members H.S.H. Prince Max von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman).

It is common practice that a legal representative prints the name of a local bank on its own letterhead, indicating its own business account;

Galp Energia

The Asat Trust represented Portuguese energy company Galp Energia in its business dealings with Iraq in the Oil-for-Food Programme. When the US placed sanctions on Asat, Galp continued this business through Sercor Treuhand Anstalt, a company closely related to Asat. [1]

Galp Energia contact

The Galp Group is a Portuguese corporation which consists of more than 100 companies engaged in activities such as natural gas supply, regasification, transport, storage, and distribution; petroleum products exploration, production, refining, trading, logistics and retailing; co-generation and renewable energy. Its stock was partially listed on the Euronext Lisbon stock exchange in the second half of 2006.

Oil-for-Food Programme programme headed by the United Nations

The Oil-for-Food Programme (OIP), established by the United Nations in 1995 was established to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.

Sercor Treuhand Anstalt does not represent Galp Energia;

Wachter businesses

Sercor Treuhand Anstalt, also known as SerMont Asset Management SA, is the business of Asat Trust directors Erwin Wachter and Martin Wachter.

Martin Wachter also owns Turicon Asset Management. [4]

Sercor is not the business of "Asat" directors; Sercor Treuhand Anstalt and SerMont Asset Management are different companies; Erwin Wachter died November 2013;

Alleged Hamas relationship

FBI Special Agent Lara Burn's testimony FBI Special Agent Lara Burn's testimony.pdf
FBI Special Agent Lara Burn's testimony

Asat represented K & A Overseas Trading, a business of Khairy H. Al-Agha and Saleh Kamel Jibreel, which the US government alleged to finance Hamas in the Holy Land Foundation trial. [5]

Asat never represented the above companies; Asat was not involved in any financing as described above;

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References

  1. 1 2 Perelman, Marc (20 June 2003). "Oil for Food Sales Seen As Iraq Tie To Al Qaeda". Jewish Daily Forward. Archived from the original on March 8, 2005. Retrieved 24 November 2012.
  2. 1 2 3 Perelman, Marc (17 October 2003). "Terror Fund Trail Leads To Alpine Kingdom". Jewish Daily Forward. Retrieved 24 November 2012.
  3. "Estate of John Patrick O'Neill v. Republic of Iraq, et al". 20 August 2003. Retrieved 24 November 2012.
  4. Caduff, Thomas (18 July 2012). "Mit Martin Wachter von Turicon Asset Management, Zurich" . Retrieved 24 November 2012.
  5. "Holy Land Documents Point to Hamas/Al Taqwa Relationship". Global Muslim Brotherhood Report. 12 August 2007. Retrieved 24 November 2012.