Dirty Money: BCCI -- The Inside Story of the World's Sleaziest Bank

• NCJ Number: 139005
• Author(s): M Potts; N Kochan; R Whittington
• Date Published: 1992
• Length: 283 pages
• Sale Source: National Press Books, Inc
• Publication Type: Survey
• Language: English
• Country: United States of America

Annotation

This book details the origins and operations of the Bank of Credit and Commerce International (BCCI), which became extensively involved in money laundering, the financing of arms sales to terrorists, and the financing of drug traffickers.

Abstract

BCCI also engaged in a massive coverup, hiding its illegal banking services by including fictitious loans in its accounts. In addition, BCCI executives used former heads of state to advance their fraudulent efforts. They also bribed local officials to spread the bank's influence across the United States and to avoid detection by government investigators. When the bank collapsed, $20 billion was missing, and depositors had been defrauded. The discussion details BCCI's links to the Central Intelligence Agency, Abu Nidal, the Mossad, Andrew Young, Jimmy Carter, Manuel Noriega, Clark Clifford, and Robert Altman. It also describes the roles of the Federal Reserve Board and bank auditors, Price Waterhouse. Photographs, chronological summary, descriptions of the main individuals involved, and index (Publisher summary modified)