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Bush ally set to profit from the war on terror Antony Barnett and Solomon Hughes Sunday May 11, 2003 The Observer James Woolsey, former CIA boss and influential adviser to President George Bush, is a director of a US firm aiming to make millions of dollars from the 'war on terror', The Observer can reveal. Woolsey, one of the most high-profile hawks in the war against Iraq and a key member of the Pentagon's Defence Policy Board, is a director of the Washington-based private equity firm Paladin Capital. The company was set up three months after the terrorist attacks on New York and sees the events and aftermath of September 11 as a business opportunity which 'offer[s] substantial promise for homeland security investment'. The first priority of Paladin was 'to invest in companies with immediate solutions designed to prevent harmful attacks, defend against attacks, cope with the aftermath of attack or disaster and recover from terrorist attacks and other threats to homeland security'. Paladin, which is expected to have raised $300 million from investors by the end of this year, calculates that in the next few years the US government will spend $60 billion on anti-terrorism that would not have been spent before September 11, and that corporations will spend twice that amount to ensure their security and continuity in case of attack. The involvement of one of the most prominent hawks in Washington with a company standing to cash in on the fear of potential terror attacks will raise eyebrows in some quarters. In 2001 US Defence Secretary Paul Wolfowitz sent Woolsey to Europe, where he argued the case for links existing between Saddam Hussein and al-Qaeda. He was one of the main proponents of the theory that the anthrax letter attacks in America were supported by Iraq's former dictator. More recently Woolsey told CNN about Saddam's attempts to produce a genetically modified strain of anthrax. He told the US broadcaster: 'I would be more worried over the mid to long term about biological weapons, because the chemical gear, we're - I think we're pretty well equipped to deal with. But there have been stories that Saddam has been working on genetically modifying some of these biological agents, making anthrax resistant to vaccines or antibiotics.' Little evidence was provided for the Iraq link to the anthrax attacks and the FBI is now investigating a lone US scientist whom it believes was responsible. But Woolsey's assertions added to a political atmosphere in which spending on equipment designed to protect individuals and firms from terror was predicted to mushroom. One of Paladin's first investments was $10.5m in AgION Technologies, a firm devising anti-germ technology that it hopes will 'be the leader in the fight against bacterial attacks initiated by terrorists on unsuspecting civilian and military personnel'. Woolsey is not alone among the members of the Pentagon's highly influential Defence Policy Board to profit from America's war on terror. The American watchdog, the Centre for Public Integrity, showed that nine of the board's members have ties to defence contractors that won more than $76bn in defence contracts in 2001 and 2002. Woolsey's fellow neo-conservative, Richard Perle, had to resign his chairmanship of the board because of conflicts of interest, although he remains a board member. http://www.guardian.co.uk/Iraq/Story/0,2763,953647,00.html And re anthrax, today: Washington Post New Find Re-ignites Anthrax Probe http://www.washingtonpost.com/ac2/wp-dyn/A40034-2003May10?language=printer _______________________________________________ Sent via the discussion list of the Campaign Against Sanctions on Iraq. To unsubscribe, visit http://lists.casi.org.uk/mailman/listinfo/casi-discuss To contact the list manager, email firstname.lastname@example.org All postings are archived on CASI's website: http://www.casi.org.uk