Investigative reporter. The words conjure up grizzled newsmen in dark trench coats meeting at midnight with "Deep Throat" sources. As professional journalists know, such glamorous notions are seldom accurate. Yet for TIME correspondents Jonathan Beaty and Sam Gwynne, who together unearthed and wrote last month's story on the scandal engulfing the Bank of Credit & Commerce International and this week's special report on the B.C.C.I. as well, the reality of chasing the yarn was as thrilling as the best detective fiction.
The story began in February while Beaty was having dinner with a trusted source in San Francisco. When the source...