Jump to content

Abu dhabi paying off dubai debts.


hypochondriac
 Share

Recommended Posts

Abu Dhabi seems to make a habit of bailing out screw-ups. In the early 90s, the Emir also shelled out to many of the creditors of BCCI, the notorious gun-running, drug-dealing, terrorist-sponsoring Ponzi scheme that was, until Bernie Madoff, the biggest scam in history.

Link to comment
Share on other sites

Abu Dhabi seems to make a habit of bailing out screw-ups. In the early 90s, the Emir also shelled out to many of the creditors of BCCI, the notorious gun-running, drug-dealing, terrorist-sponsoring Ponzi scheme that was, until Bernie Madoff, the biggest scam in history.

 

The Board of Cricket Control in India?

Link to comment
Share on other sites

He is now called Abu Dhabi Phil.

 

This brings to mind:

 

 

 

A new Middle East crisis erupted last night as Dubai Television was refused permission to broadcast The Flintstones.

 

A spokesman for the channel said "A claim has been made that people in Dubai would not understand the humour of this programme, but we have heard that people in Abu Dhabi Do."

Link to comment
Share on other sites

This brings to mind:

 

 

 

A new Middle East crisis erupted last night as Dubai Television was refused permission to broadcast The Flintstones.

 

A spokesman for the channel said "A claim has been made that people in Dubai would not understand the humour of this programme, but we have heard that people in Abu Dhabi Do."

 

this made me lol lots :)

Link to comment
Share on other sites

Abu Dhabi seems to make a habit of bailing out screw-ups. In the early 90s, the Emir also shelled out to many of the creditors of BCCI, the notorious gun-running, drug-dealing, terrorist-sponsoring Ponzi scheme that was, until Bernie Madoff, the biggest scam in history.

 

It was the late Sheikh Zayed, ruler of Abu Dhabi and Preisdent of the UAE. He forked out 7 billion USD from his own pocket even though 1 billion of funds was 'stolen' by the bank from him..

 

Source: Daily Telegraph obituary - Sheikh Zayed

Link to comment
Share on other sites

It was the late Sheikh Zayed, ruler of Abu Dhabi and Preisdent of the UAE. He forked out 7 billion USD from his own pocket even though 1 billion of funds was 'stolen' by the bank from him..

 

Source: Daily Telegraph obituary - Sheikh Zayed

 

I'll correct myself: The BBCI scandal is estimated to have cost him 7 billion and it was The Times obituary....

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...