Bcci

1. Agha hassan abedi
- Rs.100 million FAST
- Infaq foundation – Rs.2.5b
- GIKI
- Hbl - 1940s
- UBL - 1960
- 1970 nationalization
- 1972 BCCI

2. BCCI
Bank of Credit
and Commerce
International
- 7th largest bank
- 72 countries
- 30,000 employees
- synonym of World
Bank for India,Pakistan
-assets $2.5m – 1972
$22b - 1990
- 80% Pakistani

3. Downfall
- 1991 Bank closure
- Pakistan nuclear
- money laundering
- Saddam Hussain
- African-biggest foreign bank
- Drug trafficking
- 2 Auditors
- First American bank

4. Another Perspective
-Afghan war – Supply
$2.5m(1972)-$4b(1980)
- HSBC $670b – money laundering
- Wachovia Bank $420b – Mexico drug
laundering
- Standard Chartered -$570m –illegal
transactions
- BCCI $3.5b – creditors
$14m drug laundering

5. - 1991 – Abu Dhabi and Auditing firm
- – refrain from collapsing
- Americans freed
- Creditors repaid