History Lesson
Wikipedia article on Bank of Credit and Commerce International:
BCCI became the focus in 1991 of one of the largest scandals in world financial history. Due to the massive fraud and corruption at the heart of the bank, it was described as a “$20-billion-plus heist”. Regulators in the United States and the United Kingdom found it to be involved in money laundering, bribery, support of terrorism, arms trafficking, the sale of nuclear technologies, the commission and facilitation of tax evasion, smuggling, illegal immigration, and the illicit purchases of banks and real estate. The bank was found to have at least $13 billion unaccounted for. The bank’s relationship with underworld elements led to the nickname “Bank of Crooks and Criminals International.”
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It’s really disgrace!!! The massive fraud in 1991 was one of the largest scandals in world financial history, and I think these type of events can stop the growth of any country.
Manic Depression News and Discussion Forum
It’s really disgrace!!! The massive fraud in 1991 was one of the largest scandals in world financial history, and I think these type of events can stop the growth of any country.
Stuart
Manic Depression News and Discussion Forum