Could the West's condemnation of B.C.C.I. as a criminal bank be attributed at least in part to a profound clash of cultures? That is precisely the case, say experts familiar with banking in the Middle East and Asia. They insist that many B.C.C.I. practices that the U.S. and the rest of the developed world call reprehensible are merely traditional operating procedure in the eyes of Muslims.
Even cases of apparent fraud can fall into a gray area. Among the most serious charges Western countries have leveled at B.C.C.I. are accusations that it fraudulently concealed huge off-the-books loans to wealthy Middle East...
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