Bank of Credit and Commerce International - Wikipedia
Subsequent investigations revealed that it was involved in massive money laundering and other financial crimes, and had illegally gained controlling interest in a major American bank.
BCCI Was a Bank Run by Dictators in the Middle East ThatTells the …
Jul 7, 2020 · Overseen by autocratic oligarchs abroad, this bank used everything including shell companies, fake foundations, and anonymous real estate purchases to launder billions and billions of dollars.
Dirty Money: BCCI -- The Inside Story of the World's Sleaziest Bank
When the bank collapsed, $20 billion was missing, and depositors had been defrauded. The discussion details BCCI's links to the Central Intelligence Agency, Abu Nidal, the Mossad, Andrew Young, Jimmy Carter, Manuel Noriega, Clark Clifford, and Robert Altman.
B.C.C.I.: The Dirtiest Bank of All - TIME
Jul 29, 1991 · The bank’s intelligence connections and alleged bribery of public officials around the world point to an explanation for the most persistent mystery in the B.C.C.I. scandal: why banking...
BCCI Case May Be History’s Biggest Bank Fraud Scandal - Los Angeles Times
Jul 11, 1991 · BCCI was seized last Friday by banking regulators in Britain, Luxembourg, the United States, Switzerland, Spain, France and the Cayman Islands after an audit discovered that the bank was hiding...
BCCI, 2 Founders Indicted; U.S. Imposes Record Fine
Jul 30, 1991 · NEW YORK — The Bank of Credit & Commerce International and two of its founders were indicted Monday for fraud, falsifying records and grand larceny in what Manhattan Dist. Atty. Robert M....
The Biggest Financial Fraud: the History of BCCI
Sep 26, 2019 · Later, Robert Morgenthau called the BCCI “the largest bank fraud in world financial history.” But it was not for nothing! This story was what pushed the entire world to start active struggle against financial crime.
BBC NEWS | Business | Britain's biggest banking scandal
Jan 13, 2004 · 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...
World-Class Fraud: How B.C.C.I. Pulled It Off -- A special report.; …
Aug 12, 1991 · Two weeks ago, a state grand jury in Manhattan indicted B.C.C.I. for money laundering, bribery and fraud, and the Federal Reserve Board proposed a record $200 million fine on B.C.C.I. for...
The BCCI Affair - 1 EXECUTIVE SUMMARY - Federation of …
the bank of england's regulation of bcci was wholly inadequate to protect bcci's depositors and creditors, and the bank of england withheld information about bcci's frauds from public knowledge for fifteen months before closing the bank.