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Publication: European Stars and Stripes Wednesday, July 31, 1991

You are currently viewing page 10 of: European Stars and Stripes Wednesday, July 31, 1991

     European Stars and Stripes (Newspaper) - July 31, 1991, Darmstadt, Hesse                                Page 10 b the stars and stripes wednesday july 31, 1991 Bocci rescued from liquidation by $85 million from Gulf state London apr a court on tuesday rejected an attempt to immediately liquidate the scandal Ridden Bank of credit and Commerce International after its biggest stockholder pumped $85 million into a fund to pay creditors and employees. The presiding judge adjourned proceedings until dec. 2 despite the objections of the Bank of England which has sought to liquidate the Bank. The government of Abu Dahabi and its ruler Sheik Zayed Al Sahyan put $85 million into the special account to pay off creditors and employees said lawyer David Johnson. Johnson represents Abu Dahabi a tiny persian Gulf state whose government controls 77 percent of the Bank. The judges decision Camp one Day after a new York grand jury indicted Bocci and its founder accusing it of defrauding investors falsifying records and stealing More than $30 million from american express Bank. The Bocci group and its various subsidiaries had operated in about 70 countries. On july 5, eight countries including Britain moved to seize the Bank a assets. The Bank has been linked to laundering profits for drug traffickers handling accounts for terrorists such As Abu Nidal brokering scud missile deals and possibly bribing politicians. Tuesdays ruling followed a hearing july 22 in which the court said it would postpone liquidation of British branches if an agreement on protecting depositors in Britain could be made. Under the Rescue plan the 48,400 holders of Sterling accounts in Britain would be reimbursed for 75 percent of their losses up to a maximum of $8,500. The presiding judge vice Chancellor sir Nicolas Browne Wil Kinson said he hoped the first payments could be made next month. The funds deposited by the Sheik would also be used to pay the Bank a employees. Tuesdays proceedings involved the Bank of credit and Commerce International s.a., which was registered in Luxembourg and operated 47 branches in Britain and a dozen other countries. Lions share of notoriety it was supposed to be a publicity picture session but Samson the lion stole the show tuesday. Australian Trainer Bruch Russell owner of russells circus wound up needing 17 stitches in his leg thanks to Samson. Assistants helped Russell escape the Cage at Tweed Heads 70 Miles South of Brisbane on australians East coast. Air Force to trim Back Squadron of f-15 interceptors at Kef Lavik by Amy ge1szler-Jones . Bureau six of the air forces 18 f-15 Eagle aircraft used to intercept soviet aircraft in airspace near Iceland will be reassigned to stateside bases a spokesman for the Iceland defense Force said monday. The planes will leave Nas Kef Lavik Iceland Between january and March 1992, cutting Back the f-15 Force there Means that the 57th fighter interceptor so will lose 59 military and 2 . Civilian slots but no local National slots. The Squadron currently has 528 military personnel two . Civilian employees and four icelanders assigned to it. The 18 f-15s replaced 12 f-4 phantom ii aircraft in 1985. Although the number of f-15 interceptions carried out there has dropped in recent years an Iceland defense Force spokesman said that the cutbacks were not directly linked to the interception rate. Air Force cutbacks worldwide was the primary Factor in deciding to trim the f-15 strength in Iceland said spokesman Navy it. Joe Quimby a it is also reasonable to assume the worldwide strategic situation was taken into account before the reduction was made a Quimby said. Interceptions have been on a downswing since 1985, when an All time High of 170 aircraft were intercepted. Since then the Force has made 165 interceptions in 1986, 139 in 1987, 120 in 1988, 65 in 1989, 45 in 1990, and 18 in the first half of 1991. At Nas Kef Lavik ground based radar and e-3 airborne warning and control system planes attempt to identify unknown aircraft flying in the military defense identification zone which extends about 230 Miles around the Island nation. The f-15 fighters Are kept on Alert to meet and escort the aircraft out of the zone. The majority of the aircraft intercepted Are soviet reconnaissance or anti submarine aircraft known in nato As bears. Icelandic the Only nato member that does not have its own armed forces. The Iceland defense Force which has operated from Kef Lavik since 1951, consists primarily of . Air Force and Navy  arrested Over ak-47 sent from Gulf to base Raf Alconbury England a amps air Force investigators and British police Are probing the shipment of a soviet made ak-47 Rifle from saudi Arabia to Raf Alconbury. Agents from the air Force office of special investigations and British police officers from the local Cambridgeshire constabulary raided an on base residence july 5 and confiscated the assault Rifle said base spokeswoman tech. Sgt. Linda Mitchell. It is illegal for private citizens to import an ak-47 into Britain said a spokeswoman for her majesty a customs and excise office. Air Force Public affairs officials said tuesday that they did no to know whether the alleged shipment violated department of defense regulations. Arrests were made but Mitchell said the names and number of people arrested cannot yet be released because of the ongoing investigation. She said Only that enlisted airmen were arrested. No charges have been filed she said. Mitchell had no further information about How the Rifle was shipped. Members from the 17th recon Wing which has since deactivated and the 10th tac fighter Wing at Alconbury deployed to the Gulf Region for operations desert shield and storm. The spokeswoman said that she could not disclose the deployment locations although they Are no longer classified in conjunction with information about the Rifle  missile base holds closing ceremony Neu Ulm Germany a amps the Neu Ulm military Community drummed itself officially out of existence monday. About 175 guests including Vii corps Deputy commander maj. Gen. Eugene l. Daniel attended a 4 30 . Closure ceremony at the Wiley Barracks gymnasium Community spokeswoman Liz Francy said. Malty of them attended a modest reception afterwards at the Wiley  army plans to remove All its belongings from Wiley Barracks Nelson Barracks the Offenhausen support Center and the housing areas by sept. 30, Francy said. Many of the remaining German employees will be leaving their jobs in the next several Days. A i still have a chair and a desk but i May not have it tomorrow or the next Day a Francy said tuesday. Once the Home of 36 Pershing ii missiles and up to 4,000 soldiers the Community had Only 186 soldiers left at the beginning of this week. The missiles were removed and destroyed in accordance with the 1987 intermediate Range nuclear forces treaty Between the United states and the soviet Union. The Ainy announced in March that it would vacate the military facilities there As Well turning them Over to the German government.9-year-old boy struck by car suffering broken ankle cuts Lan Stuhl Germany a amps a a 9-year-old boy suffered a broken right ankle and cuts when he was struck by a car monday afternoon in the leased housing area near the Lan Stuhl Post a Kaiserslautern military Community spokesman said. The boy was admired to lands Tull army regional medical Center where he was treated and released air Force staff sgt. Doyle Tillman said. . Law enforcement authorities at Lan Stuhl said the Driver who had been driving no faster than the posted 50-Kilometer Speed limit passed a parked car on Berliner Strasse when the boy ran out from behind the vehicle. There were no charges issued in the 4 32 . Accident and authorities consider the Case closed Tillman said. The boys name has been withheld because of his age. Tillman said the boys parents names also were being withheld to protect the youngsters identity  
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