From the archive: BCCI: the biggest bank fraud the world had ever witnessed
Kathleen Barrington tells the story of the rise and fall of the Bank of Credit and Commerce International or, as it is more often known, the great BCCI scam
December 29, 1991
The events unfolding at Robert Maxwell’s companies since his mysterious death last November have tended to eclipse the Bank of Credit and Commerce International scandal in recent weeks. But make no mistake about it, the fraud of which the deceased media magnate has been accused is mere pilfering when compared with the fraud allegedly perpetrated by Agha Hasan Abedi, founder and former president of BCCI. The bank was closed by ...