Green Light from the BRSA to CIA Informant Iraqi: Saad Al Janabi Granted Approval

The Banking Regulation and Supervision Agency's (BRSA) recent approval of Saad Al Janabi has ignited international controversy. Previously, the agency allowed figures like Sezgin Baran Korkmaz to establish banks despite money laundering allegations. Now, it is under scrutiny for granting permission to Al Janabi, an Iraqi businessman accused of working with the CIA. This has sharpened claims that Turkey is becoming a money laundering hub, attracting significant global attention. According to a report by Cumhuriyet, the BRSA's decision to grant this permission has sparked significant reactions in the international community.

Who is Saad Al Janabi?

Saad Al Janabi, now leading an asset management company in Istanbul, is a notable figure from Saddam Hussein's era. Known for his ties with Saddam’s close circle, Janabi relocated to California after falling out with his partners. Post-Iraq invasion, he returned to establish AGS Gezegen Varlık with BRSA’s backing. However, his digital banking venture was notably rejected. His complex background and CIA affiliations have contributed to his controversial image.

Janabi’s Network and CIA Ties

Janabi’s advisory role to General Jay Garner in Baghdad and his connections with CIA's Whitley Bruner highlight his strategic importance:

Advisory Role and Influence: His consultancy work with notable CIA operatives like Jay Garner underscores his significant network. These roles collectively enhanced his profile in international intelligence and financial sectors.

Financial Allegations: Reports allege Janabi misdirected over $100 million from the U.S. to his company instead of its intended distribution. This underscores the financial controversies enveloping his operations and character.

International Perspectives

International critiques focus heavily on the implications of this decision and Janabi's portrayal in the media:

TIME Magazine

TIME highlights Janabi's connections with Saddam’s family, revealing deep-rooted ties with the CIA. This past involvement during Saddam's era suggests broader geopolitical implications and an understanding of Janabi’s influence on regional dynamics.

The New York Times

The New York Times examines Janabi's evolving role post-Saddam, especially his business ventures and their intersections with the CIA's operations. This coverage amplifies scrutiny over Turkey's decision-making and its global financial positioning.

As the situation evolves, Turkey’s policies in the international financial landscape, particularly under the BRSA’s watch, attract global anticipation and concern.