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Bcci

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Bcci

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Bcci

  1. 1. Agha hassan abedi - Rs.100 million FAST - Infaq foundation – Rs.2.5b - GIKI - Hbl - 1940s - UBL - 1960 - 1970 nationalization - 1972 BCCI
  2. 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. 3. Downfall - 1991 Bank closure - Pakistan nuclear - money laundering - Saddam Hussain - African-biggest foreign bank - Drug trafficking - 2 Auditors - First American bank
  4. 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. 5. - 1991 – Abu Dhabi and Auditing firm - – refrain from collapsing - Americans freed - Creditors repaid

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