30 November 2008

* Bank Al Madina Conspiracy Time Line (part E): The Final Chapter


Immediately after the collapse of the two sister banks (Bank AI-Madina and United Credit Bank) and the complete loss of Dr Adnan savings at AI-Madina Bank amounting to US$ 790 Millions which were stolen by Rana, and the additional loss of US$ 470 millions transferred to the Central Bank, and the loss of all his assets in Lebanon amounting to more than US$ 500 Millions, Dr Adnan was furious and threatened to sue Rana and her family if she wouldn’t give him back his stolen money and compensate his losses.

This is when Rana pulled off the last chapter of her well designed devious plot and criminal conspiracy. By means of deception in which she is an expert, she convinced Dr Adnan that she will return his stolen money and that she has an account in Credit Agricole-Indosuez Switzerland containing more than US$ 4.3 billions and that she is willing to transfer it to him if only he would give her cheques for the balance of her account after deducting what she owed him.

She assigned the alleged bank account to Dr Adnan by means of an official “deed of cession” attested by a public notary. The cheques for the difference were then made by Dr Adnan. Later, after weeks of inquiries, Dr Adnan found out that the alleged Swiss bank account was another scam of hers and that she used some of the cheques obtained from him to payoff some of her debts, by giving one of the cheques (for 310 Million Euro drawn on Arab Bank-Paris) to the Central Bank of Lebanon to make matters worse between Dr Adnan and the Central Bank, and kept the rest of the cheques to blackmail him.

When the cheque for 310 Million Euro was returned unpaid from the Arab Bank Paris for insufficient funds, the Central Bank raised a lawsuit against Dr Adnan and he is now pursuing Dr Adnan in Paris and attempting to seize his assets in France.

In July 2003, The Central bank appointed Mr Andre Bandali as Interim General Manager of the Bank AI Madina and United Credit Bank.


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Lebanon Time-Line

Introducing Lebanon

Coolly combining the ancient with the ultramodern, Lebanon is one of the most captivating countries in the Middle East. From the Phoenician findings of Tyre (Sour) and Roman Baalbek's tremendous temple to Beirut's BO18 and Bernard Khoury's modern movement, the span of Lebanon's history leaves many visitors spinning. Tripoli (Trablous) is considered to have the best souk in the country and is famous for its Mamluk architecture. It's well equipped with a taste of modernity as well; Jounieh, formerly a sleepy fishing village, is a town alive with nightclubs and glitz on summer weekends.

With all of the Middle East's best bits - warm and welcoming people, mind-blowing history and considerable culture, Lebanon is also the antithesis of many people's imaginings of the Middle East: mostly mountainous with skiing to boot, it's also laid-back, liberal and fun. While Beirut is fast becoming the region's party place, Lebanon is working hard to recapture its crown as the 'Paris of the Orient'.

The rejuvenation of the Beirut Central District is one of the largest, most ambitious urban redevelopment projects ever undertaken. Travellers will find the excitement surrounding this and other developments and designs palpable - and very infectious.

Finally, Lebanon's cuisine is considered the richest of the region. From hummus to hommard (lobster), you'll dine like a king. With legendary sights, hospitality, food and nightlife, what more could a traveller want?

Introducing Beirut

What Beirut is depends entirely on where you are. If you’re gazing at the beautifully reconstructed colonial relics and mosques of central Beirut’s Downtown, the city is a triumph of rejuvenation over disaster.

If you’re in the young, vibrant neighbourhoods of Gemmayzeh or Achrafiye, Beirut is about living for the moment: partying, eating and drinking as if there’s no tomorrow. If you’re standing in the shadow of buildings still peppered with bullet holes, or walking the Green Line with an elderly resident, it’s a city of bitter memories and a dark past. If you’re with Beirut’s Armenians, Beirut is about salvation; if you’re with its handful of Jews, it’s about hiding your true identity. Here you’ll find the freest gay scene in the Arab Middle East, yet homosexuality is still illegal. If you’re in one of Beirut’s southern refugee camps, Beirut is about sorrow and displacement; other southern districts are considered a base for paramilitary operations and south Beirut is home to infamous Hezbollah secretary general, Hassan Nasrallah. For some, it’s a city of fear; for others, freedom.

Throw in maniacal drivers, air pollution from old, smoking Mercedes taxis, world-class universities, bars to rival Soho and coffee thicker than mud, political demonstrations, and swimming pools awash with more silicone than Miami. Add people so friendly you’ll swear it can’t be true, a political situation existing on a knife-edge, internationally renowned museums and gallery openings that continue in the face of explosions, assassinations and power cuts, and you’ll find that you’ve never experienced a capital city quite so alive and kicking – despite its frequent volatility.