Premium Content Sign-in
Home
About
SITE Publications
News
Terrorism Library
Terrorist Websites
Multimedia
Donate






...More Headlines »   

  

Previous PagePrevious Page  E-Mail This PageE-Mail This Page  Print This PagePrint

SITE Publications
Jihadist Message Board Posting Describes HSBC Purchase of Iraqi Bank, Dar Es Salaam, as a “Robbery Operation”
By SITE Institute
May 27, 2005



A message posted on an al-Qaeda affiliation message board on May 26, 2005, calls upon al-Qaeda and other terrorist organizations to attack the bank HSBC and the bank's partners in Iraq along with its employees.

The message describes the purchase of the Iraqi bank Dar Es Salaam by the British bank, HSBC, as a ?the biggest British robbery operation of the Iraqi assets?. It also notes that ?Al-Qaeda Organization, Ansar al-Sunnah Army and the Islamic Army in Iraq must know about that matter, and take what they see is suitable.?

Further, the poster lists HSBC's branches in "Qatar, Bahrain and Dubai," provides their logo (above) , and in addition advices all to "boycott them, that is the weakest faith." Dar Es Salaam was established in 1999, and maintains 14 branches in Iraq, employing 450 staff. These employees, the author of the message states: ?whether Iraqi or foreigner, they are British employees.?

According to the May 23rd issues of the Financial Times , HSBC, as of mid-May, had reached a partnership agreement with the Dar Es Salaam Investment Bank of Iraq to purchase a majority stake in the Iraqi bank.

The message was posted on Al-Islah, a forum headed by Saudi dissident and designated terrorist entity Dr. Saad al-Fagih.


A full translation of the message is provided to our Intel Service members.


Previous PagePrevious Page  E-Mail This PageE-Mail This Page  Print This PagePrint