Ghaith pharaon biography books

He was described by Forbes magazine as once near a billionaire. Secretly acting on behalf of BCCI, Pharaon acquired control of two American banks in violation of federal banking laws. When the fraud was discovered, BCCI was forced to sell the banks, and soon after shut down by regulators when it was determined to be insolvent.

Pharaon was charged with wire fraud and racketeering conspiracy; although he eventually paid out substantial fines and a major settlement to the bank's liquidators, the criminal charges were never resolved and American authorities were seeking his extradition until he died in His father was also advisor to King Faisal.

He attended schools in Lebanon, Syria and Switzerland. His university education was in the United States at the Colorado School of Mines from to followed by Stanford University from to ; and Harvard Business School from to until his graduation.

Ghaith Rashad Pharaon is a sort of one‐man conglomerate who at the age of 39 has become Saudi Arabia's most visible businessman.

Pharaon was a key player in the global oil and banking industries in the s and s and at one time, the No. This eventually led to criminal charges against him in the United States. He died on January 6, , at the age of Pharaon served as Chair of Attock Petroleum. He served as the Chairman of Attock Refinery Ltd. Although Pharaon had been a wanted fugitive by the F.

The contracts were to supply thousands of tons of jet fuel to American bases stationed in Afghanistan and were awarded to Attock Refinery, a Pakistan-based refinery owned by him and directed by Kamal Adham, the former head of Saudi Intelligence. Pharaon used to spend up to six months a year in Pakistan, where he operated his businesses and commercial interests.