Vol. 4 Num 237 Fri. January 23, 2004  
Front Page

No truth to rumour bin Laden captured

There is no truth to a rumor in the foreign exchange markets that al Qaeda leader Osama bin Laden has been captured, a US official said yesterday.

"It's not true," the official said when asked about the rumor. Traders cited the rumor as one reason why the dollar gained ground.

US forces have been hunting for bin Laden since the September 11, 2001, hijacked plane attacks on America that were blamed on al Qaeda.

While other al Qaeda leaders have been captured or killed, bin Laden has remained elusive and is believed to be hiding in the border region of Afghanistan and Pakistan.

The bin Laden market rumor was also fuelled by news that Treasury Secretary John Snow would hold a briefing to announce a joint US action with Saudi Arabia in the financial war on terrorism.