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Exposing the role that Islamic jihad theology and ideology play in the modern global conflicts

Massachusetts company hid fact that the firm is part owned by a Saudi jihad terrorist

Jul 22, 2009 1:37 pm By Robert Spencer

Nor is that PTech’s only appearance on the jihadist world stage. More on PTech here and here.

“US says firm hid terrorist Saudi backer: Shrewsbury man worked at P-Tech,” by Lee Hammel for the Worcester Telegram & Gazette, July 19 (thanks to Paul):

The company where a convicted former Shrewsbury man worked was in the news recently when an officer of the company was arrested after arriving last week at John F. Kennedy Airport in New York.

Buford George Peterson, a former Somerville resident living in South Korea, was the chief financial officer of PTech, a Quincy software company. Mr. Peterson, along with Oussama Abdul Ziade, the company”s chairman and chief executive officer, are charged in a 2007 indictment stemming from a January 2002 $650,000 loan application to the Small Business Administration to help small businesses struggling because of the Sept. 11, 2001, terrorist attacks on the United States.

Chutzpah!

The indictment alleges that they failed to disclose one of the major owners of PTech: Yassin Kadi, who was listed in 2001 by the U.S. government as a specially designated global terrorist. Mr. Kadi is a Saudi Arabian national who invested about $10 million in PTech from 1994 through 2001 through companies he owned, controlled or had an interest in, including one called Sarmany Limited, according to the U.S. Attorney”s office in Boston.

Because of the government designation, transactions with Mr. Kadi are prohibited.

Mr. Ziade, a Lebanese national, has been living outside the United States since 2005.

Muhamed Mubayyid, formerly of 54 Plainfield Ave., Shrewsbury, was employed at PTech. Mr. Mubayyid also was the volunteer treasurer of Care International Inc., a Muslim charity in Boston.

He was convicted Jan. 11, 2008, in U.S. District Court in Boston after the Justice Department alleged that he and two other officers of Care International “” both former Worcester residents “” had illegally concealed from the government that the charity supported the worldwide Holy War and the mujahedin who fight it….

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