Albania

Ptech owner's assets confiscated in Albania

 

Tirana Towers
The Albanian gov't has seized assets belonging to Yasin al-Qadi, the one-time owner of a U.S. defense contractor and alleged CIA front known as Ptech. In October 2005, the Albanian gov't made a similar seizure of property at the twin towers of Tirana, pictured above.

Ptech owner's assets confiscated in Albania
The American Monitor
Devlin Buckley
January 16, 2007

The Albanian government has seized the assets of a wealthy Saudi that, for several years, reportedly maintained simultaneous connections to both al-Qaeda and the U.S. government while serving the interests of the CIA.

“The Finance Ministry said it ordered authorities to block four apartments, a house, four bars and shops, and more than 2 hectares (about 5 acres) of land belonging to Yasin al-Qadi,” the Associated Press reports, citing the Official Gazette.1 ...

...Despite his alleged affiliations to terrorism, al-Qadi has maintained concurrent contacts within influential Washington circles.4 In fact, prior to being publicly connected to money laundering and terrorist financing, al-Qadi regularly spoke of his relationship with Vice President Dick Cheney.5

Al-Qadi, who has been identified as one of Osama bin Laden’s “chief money launderers,”6 owned a prominent U.S. technology firm and alleged CIA front known as Ptech.7 He also escorted U.S. officials around during their visits to Saudi Arabia.8 ...

...Most notably, he once owned a Quincy, Massachusetts-based technology company known as Ptech,16 which he allegedly used to funnel cash to Islamic militants.17

Raided by federal authorities in 2002, Ptech marketed highly sophisticated software to numerous U.S. government agencies,18 maintained a security clearance with the military,19 and held several sensitive contracts.20

Intelligence officials have privately confided to 9/11 whistleblower Indira Singh that Ptech served as a front for the CIA, apparently laundering mob-linked drug money for covert operations.21

A similar pattern is apparent in Albania, where Yasin al-Qadi, according to federal law enforcement officials, assisted the CIA with efforts to provide underground support to the Kosovo Liberation Army (KLA).22 ...

FULL ARTICLE