The Bank of Credit and Commerce International, with 20 billion dollars in assets and branches in 73 nations, was the favorite bank of dictators and arms merchants. This book details BCCI's outlaw schemes and how U.S. Customs agents led the undercover operation that resulted in the first indictments against BCCI.
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Editorial Reviews
From Publishers Weekly
This unflinching probe of the money-laundering, drug-trafficking, official-bribing banking operation BCCI is a first-rate tale of crime and scandal.
Copyright 1993 Reed Business Information, Inc.
Copyright 1993 Reed Business Information, Inc.
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful:
4.0 out of 5 stars
Good Primer on an Amazing Bank Scandal,
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This review is from: Full Service Bank (Paperback)
This is a good book on a great banking scandal. Possibly the greatest banking scandal in modern history. For a taste of the scope of the thing, it involved Clark Clifford, one of the great Washington fixers of all time, plus Abu Nidal, the Palestinian terrorist, and Sheik Zayed bin Sultan Al Nahayan, the guy who brought you the UAE and a couple of billions dollars in lost money. There are law firms and accountants still working to retrieve some of this money today, more than ten years after the bank collapsed.
Most business and banking scandals are really just complicated variants of simple scheme or mistake. LTCM borrowed more than they could afford. ADM was involved in price fixing, and BCCI was basically a pyramid scheme.*/** Admittedly a huge and complex pyramid scheme, but a pyramid scheme all the same. I am constantly amazed that people think they can get away with this like this, but I guess one should never underestimate the greed and stupidity of the average person. Tracking who did what to whom when is a complicated job in this scandal, and Adam and Frantz do a good job of keeping it all clear. This book doesn't have the great writing of an Kurt Eichenwald book, but it does keep all the facts straight. * A pyramid scheme is where money from new suckers goes to pay the older suckers while the people who set up the scheme get mad rich. *Enron is the exception here. You could say Enron was the result of shady accounting but that is really oversimplifying Enron's use of a pretty insane set of accounting tools and debt restructuring instruments.
4 of 5 people found the following review helpful:
3.0 out of 5 stars
BCCI's a thrilling book,
By Cara M. Schaapveld (Milwaukee, Wisconsin) - See all my reviews
This review is from: Full Service Bank (Paperback)
When I first purchased "A Full Service Bank: How BCCI..." I was thinking that it is a long boring book, but when I started to read it I was amazed on what BCCI actually pulled off and how they did such things. The governments and banking systems in other countries also intrigued me. "A Full Service Bank" is an exciting book that keeps the reader engaged for a long amount of time and keeps them interested. When you are done reading this novel you should feel a sense of knowledge. I suggest "A full Service Bank" to anyone interested in the banking industry or interested in a great book about scandles andn banks.
5.0 out of 5 stars
well researched and well written,
Amazon Verified Purchase(What's this?)
This review is from: Full Service Bank (Paperback)
All students of finance, auditing, and law enforcement should read about the BCCI saga.How could a bank exist for 20 years with almost entirely criminal operations under the nose of many regulators and auditors? "Full Service Bank" is not only well researched, but is also written as a fast-paced thriller, not a boring textbook, and therefore I consider it the best account that I have read of BCCI. John Christmas, author of "Democracy Society"
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Inside This Book
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First Sentence:
At one o'clock in the afternoon on July 5, 1991, officials of the Bank of England marched into the twenty-five branches of the Bank of Credit and Commerce International in Britain and ordered employees to leave. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, First American, Federal Reserve, Financial General, Bank of America, Price Waterhouse, Abu Dhabi, Los Angeles, Amjad Awan, Clark Clifford, Bob Mazur, Gonzalo Mora, Operation C-Chase, Agha Hasan Abedi, Bank of England, National Bank of Georgia, Don Chepe, Cayman Islands, Third World, Jack Blum, Swaleh Naqvi, Saudi Arabia, Sheik Zayed, Kamal Adham New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | First Pages | Index | Back Cover | Surprise Me!
At one o'clock in the afternoon on July 5, 1991, officials of the Bank of England marched into the twenty-five branches of the Bank of Credit and Commerce International in Britain and ordered employees to leave. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, First American, Federal Reserve, Financial General, Bank of America, Price Waterhouse, Abu Dhabi, Los Angeles, Amjad Awan, Clark Clifford, Bob Mazur, Gonzalo Mora, Operation C-Chase, Agha Hasan Abedi, Bank of England, National Bank of Georgia, Don Chepe, Cayman Islands, Third World, Jack Blum, Swaleh Naqvi, Saudi Arabia, Sheik Zayed, Kamal Adham New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 17
books:
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20
books
cite this book:
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- Middle East (Pt. 19) in Front Matter, and page 224
- The Middle East Since 1900 (Modern times sourcebooks) by K.A. Rice on page 38, and page 40
- Selling Out : How We Are Letting Japan Buy Our Land, Our Industries, Our Financial Institutions, and Our Future by Douglas; Collins, Catherine Frantz in Back Matter
- Robin Hood (New Method Supplementary Reader. Stage 1) on page 7
- Can Pakistan Survive by tariq Ali in Back Matter
See all 17 books this book cites
- Corporations, Crime and Accountability (Theories of Institutional Design) by Brent Fisse on 4 pages
- Drugs and Money: Laundering Latin America's Cocaine Dollars by Robert E. Grosse on page 92, page 102, and page 103
- Gold Warriors: America's Secret Recovery of Yamashita's Gold by Peggy Seagrave on page 246, and page 302
- Terror Incorporated: Tracing the Dollars Behind the Terror Networks by Loretta Napoleoni in Back Matter (1), and Back Matter (2)
- The Organized Criminal Activities of the Bank of Credit and by A. Block in Back Matter
See all 20 books citing this book
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