عنوان

The Organized Criminal Activities of the Bank of Credit and Commerce International:

(Number (ISBN

9401734135

(Number (ISBN

9789401734134

Number

b592004

Title Proper

The Organized Criminal Activities of the Bank of Credit and Commerce International:

General Material Designation

[Book]

Other Title Information

Essays and Documentation : In memoriam David Whitby

First Statement of Responsibility

edited by Alan A. Block.

Place of Publication, Distribution, etc.

Dordrecht

Name of Publisher, Distributor, etc.

Springer Netherlands

Date of Publication, Distribution, etc.

2001

Specific Material Designation and Extent of Item

(iii, 175 pages)

Text of Note

Dedicated to David Whitby --; The Tennessee Bankers --; Conspiracy and cover-up --; Price Waterhouse: Summons before the Civil Court, Luxembourg --; Overseeing and overlooking: The US federal authorities' response to money laundering and other misconduct at BCCI.

Text of Note

The Bank of Credit and Commerce International (BCCI), which perpetrated the "biggest bank fraud in history", was founded by Agha Hassan Abedi and initially registered in Luxembourg in 1972. Its other center of operations was the Cayman Islands and eventually it operated in 73 counries. In the summer of 1991, it was shuttered by the Bank of England. Its many crimes included illegally buying American banks using "straw men" and courting powerful American politicos, laundering drug profits, plundering deposits to conceal grotesque losses on treasury trading, and making illicit loans totaling around a billion dollars that were not expected to be serviced. BCCI also ran accounts for both international terrorists and several national Intelligence Services. What follows in this book are essays dealing with certain aspects of BCCI's misbehaviour and various odd structures, as well as a most important document from Luxembourg's Civil Court, detailing charges against BCCI's auditor, Price Waterhouse subsequently PricewaterhouseCoopers. Readership: advanced students, researchers, attorneys and accountants interested in transnational financial crime.

Criminology.

Social sciences.

Social Welfare & Social Work.

Class number

Book number

edited by Alan A. Block.

Alan A Block

Electronic name

[Book]

Y