PRESIDENT BUSH'S FAMILY LINKS WERE UNDER INVESTIGATION BY TOP U.S. SPY CATCHER
Business links - involving "the mobilisation of trillions of dollars" - by President Bush's father and his brother Neil, were under investigation by America's top spy catcher, Paul Redmond, when he resigned.
A well-placed Washington intelligence source said that Redmond quit after a White House meeting with Vice President Dick Cheney and Attorney General John Ashcroft.
They are known as "The Enforcers" - ensuring there is no taint on the reputation of the increasingly embattled President with the failure to find any weapons of mass destruction in Iraq.
Already, said the Washington source, the two men have ensured Bush distances himself from Tony Blair's claims that the weapons will be found.
But equally Downing Street will want to stay clear of the allegation that the President's family were doing business with Saddam from 1989 up to months before the outbreak of the first Gulf War.
In a document obtained by the respected London-based International Currency Review, it was claimed that after a year long investigation, it had uncovered evidence "of the mobilisation of trillions of dollars in 1989-91".
The document names a number of banks it alleges were "supervised by the Bush Sr White House" in the alleged transactions.
The banks identified in the document include the British Royal Family bankers, Coutts; Morgan Guaranty Trust and Chase Manhattan, New York; Banco Exterior de Espana, Spain; First International Bank of Denver in the United States.
Christopher Story, the publisher of the specialist Currency Review said the documents relating to the Bush family are "taken from a portfolio of papers" which was made available to the Review last July.
"What will cause astonishment is the provenance of some of these compromising documents. For many months we considered carefully whether they could be forgeries, and whether it could be credible that an intelligence organisation or a private gang of blackmailers and counterfeiters could replicate the precise behaviour of an obsolescent IBM computer to produce output identical to those images shown with this analysis. We checked these possibilities repeatedly with experts and also consulted banking sources to see whether these documents could possibly be fraudulent. The outcome of these investigations was unequivocally that the documentation is genuine."
A set of the documents reached Washington soon after Redmond began his investigation.
Both President Bush's father and his brother, Neil, are known to have a close involvement in the Texas oil industry.
Story claimed that the documents were leaked by the Iraqis to "discredit President Bush Sr" as Saddam began to realise that George Bush was preparing for war against Iraq.