Khashoggi Used Barrick Shares To Facilitate Iran Contra
New York businessman Roy Furmark, credited with tipping off Central Intelligence Agency director William Casey about the Iran- contra scandal and its Canadian connection, denied yesterday that it was Canadian money that financed the sale of U.S. arms to Iran.
The two Canadians - real-estate entrepreneur Walter Ernest Miller of Gormley, Ont., and former Toronto accountant Donald Fraser - have been described in news reports as having put up $20-million (U.S.) to finance the secret transaction. They also are said to have threatened to blow the whistle on the Iran- contra deal if they did not get their money back.
But Mr. Furmark said they merely ''facilitated" a loan of $10-million with a Cayman Islands bank.
He said the loan was actually contracted by Saudi businessman Adnan Khashoggi, who put up as collateral stock worth about $25- million in a Canadian company, American Barrick Resources Corp. of Toronto.