The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. [1] The bank was registered in Luxembourg with head offices in Karachi and London.

1991年7月29日 · Nothing in the history of modern financial scandals rivals the unfolding saga of the Bank of Credit & Commerce International, the $20 billion rogue empire that regulators in 62 countries shut down...

This book details the origins and operations of the Bank of Credit and Commerce International (BCCI), which became extensively involved in money laundering, the financing of arms sales to terrorists, and the financing of drug traffickers.

1991年7月28日 · According to British authorities, BCCI committed fraud on a grand scale: keeping separate books for a "bank within the bank" that handled illegal transactions, making a $32 million payoff to ...

2020年7月7日 · As investigators later found, BCCI was the perfect money laundering vehicle for everyone from Panamanian drug kingpins to Pakistan’s dictatorial first family to brutal regimes across the Middle...

2016年8月19日 · In the late 1970s, the Gulf shipping group owned by Abbas Gokal (who was BCCI’s main borrower) was close to bankruptcy. BCCI secretly threw money at Gulf to keep it going and falsified the books at the same time.

In 1988, after a two-year undercover operation, money-laundering, narcotics, and conspiracy charges were filed in Tampa against 15 individuals — some of them BCCI officers — and four corporations.

2004年1月13日 · BBC News Online explains the background to the BCCI banking scandal, which has led to the Bank of England being sued by creditors for £1bn ($1.8bn). Thousands of depositors lost heavily when...

The criminal information entered into by the liquidators outlined how BCCI laundered money, detailing its use of certificates of deposits held at foreign branches to offset cash deposits made in the U.S.; its technique of crediting "counter-balancing loan proceeds" to foreign corporate bank accounts designated by drug traffickers; and BCCI's ...

The money BCCI stole before it was shut down in 1991 — somewhere between $9.5 billion and $15 billion — made its 20-year heist the biggest bank fraud in history. Most of it was never recovered. International banks’ complicity in the offshore secrecy system effectively covered up …