As the Cold War between the USSR and the USA drew down in the early 1990’s, organizations/institutions used to fund proxy wars-and destabilization efforts–between the two Empires became exposed. With the Cold War ostensibly over, the corrupt and illegal actions of such groups could no longer be ignored, or covered up, as the larger purpose of them was to fund the fight against the Red Menace of Communism.
One of the most notable instances of the demise of a Cold War machine was the Bank of Credit and Commerce International (BCCI). Founded in 1972 it would survive under various guises until roughly 2002. BCCI was designed to avoid regulatory scrutiny. Direct involvement with BCCI’s illegal activities-including covering them up–would ultimately besmirch the names of members/advisors of every US presidential administration from Richard Nixon to Bill Clinton: Clark Clifford, Richard Helms, George Bush I, James Baker, William Casey, Bert Lance, and Marc Rich among them. BCCI clients included the intelligence agencies form the US and Saudi Arabia, the Medellin Cartel and Saddam Hussein.
Bank accounts were opened at BCCI by US intelligence agencies in order to fund the Mujahideen not only in Afghanistan but in the Caucasian Region to include Chechnya and Dagestan. Once BCCI was shut down a new means of off-the-books funding was needed. It was then that the US and Saudi intelligence organizations figured out that diamonds from the African Continent would be a worthy convertible cash vehicle. Diamonds would make their way from Angola to Belgium. Once converted to cash, US and Saudi intelligence agencies could clandestinely purchase weapons, like Stinger Missiles, and bribe the appropriate personnel to get the nasty little weapons where they needed to be. In this case the anti-aircraft Stingers would land in the hands of Chechen rebels fighting against the Russian military. A transit and training point was (and remains) NATO and Israeli friendly Georgia.
According to the Russian research group Civil Research, “After signing the Khasavyurt Accord in Dagestan in 1996 ending the first Chechen War–and after the Chechen Republic of Ichkeria’s de facto independence-“it became absolutely clear that Chechnya became a key element in the process of controlled destabilization of the Caucasian Region. Hence well-known intelligence managers of such destabilization processes moved to solve Chechen problems. The creators and instigators of shadow money and arms flows began to appear.”