From The Managing Editor: Jul. 29, 1991

"Beaty?"

"Yeah?"

"It's overseas -- Pakistan. They say it's very important."

In the hours that led to last Friday's closing of our cover story, correspondents Jonathan Beaty and Sam Gwynne were holed up in an office, still tracing the weird contours of one of the world's most baroque financial schemes -- a Washington-to-Abu Dhabi intrigue that matches John le Carre's imagination for espionage, Frederick Forsyth's for terrorism and Oliver Stone's for greed. In this week's story, Jonathan and Sam have uncovered how the Bank of Credit & Commerce International used a "black network" of terrorists and self-appointed spies to serve as...

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