Word: silkworms
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...past three years B.C.C.I. has brokered and financed the sale of Astros II battlefield multiple-rocket launchers from Brazil to both Iran and Iraq. The enterprise has also sold Chinese Silkworm missiles to both countries. A spokesman for Avibras Industria, maker of the Astros rocket system, concedes sales to Iraq but denies any sales to Iran or any deals involving B.C.C.I. A spokesman also allows that the company received "insignificant" financing from the Brazilian B.C.C.I. bank that was used for "domestic purposes...
Arms dealers are not the only ones to describe a pact between Abedi's bank and China's weapons industry: according to State Department sources, China has also used B.C.C.I. as a middleman in Silkworm missile sales to Iran, Iraq and Saudi Arabia. The Silkworm missiles sold to Iraq and Saudi Arabia were equipped with sophisticated Israeli-manufactured guidance systems, the government sources say. Arms dealers who have done business with B.C.C.I. say its officers attracted illegal deals because the bank provided documentation and letters of credit for arms being shipped, for example, as agricultural machinery, and that it routinely...
...equal-opportunity smuggler, the bank dealt in arms from many countries. "It was B.C.C.I. that financed and brokered ((Chinese)) Silkworm missiles that went to Saudi Arabia," the former official says, "and those were equipped with sophisticated Israeli guidance systems. When you couldn't use direct government transfers or national banks, B.C.C.I. was there to hot- wire the connections between Saudi Arabia, China and Israel." The bank also helped transfer North Korean Scud-B missiles to Syria, a B.C.C.I. source told TIME...
...stops on page 36 for a brief treatise on tea is obviously not in a hurry. Neither are the protagonists of Bronze Mirror (Henry Holt; 337 pages; $19.95). The Yellow Emperor, who "discovered the wheel and the compass and such," the Silkweb Empress, responsible for "the delicate art of silkworm rearing," and their courtiers all flourish during the Song dynasty, circa 1135. Another invention is announced: the Emperor's minister has developed a set of symbols called writing. Now every royal tale can be recorded. The aristocrats begin a leisurely contest for the title of best storyteller, and during...
...once was," says a Western diplomat in Beijing. "Today they are earning good money on the farms." To make ends meet, the generals have been forced to become entrepreneurs themselves, selling weapons to foreign countries to bring in extra cash. Western leaders have criticized them for selling Silkworm missiles to Iran and CSS-2 medium-range missiles, capable of carrying nuclear warheads, to Saudi Arabia...