The Rolls-Royces and Bentleys pulling up in front of B.C.C.I.'s opulent London office on March 14, 1990, could have signaled a routine meeting of bank directors and officers. The occasion turned out instead to be the darkest day in the high-flying private bank's 18-year history. Key officials received the startling news that the world's fastest-growing international bank, no longer headed by its financial genius founder, was in deep trouble. Hundreds of millions of dollars was missing from its capital accounts, and hundreds of millions more consisted of loans granted to insiders to buy stock in Agha Hasan Abedi's banks. Such loans...
To continue reading:
or
Log-In
