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The Resource False profits : the inside story of BCCI, the world's most corrupt financial empire, Peter Truell and Larry Gurwin

False profits : the inside story of BCCI, the world's most corrupt financial empire, Peter Truell and Larry Gurwin

Label
False profits : the inside story of BCCI, the world's most corrupt financial empire
Title
False profits
Title remainder
the inside story of BCCI, the world's most corrupt financial empire
Statement of responsibility
Peter Truell and Larry Gurwin
Creator
Contributor
Subject
Language
eng
Summary
  • "The deception began with its name, for the Bank of Credit and Commerce International was never truly a bank. BCCI was, from the start, a monstrous fraud: behind a convincing facade, a shadowy group of Pakistani financiers and Arab sheikhs organized a criminal enterprise of unprecedented proportions. Now, in this authoritative book, two award-winning journalists tell the shocking story of how BCCI used an array of schemes to steal billions of dollars and ultimately buy political influence in the United States and around the world." "BCCI's charismatic founder, Agha Hasan Abedi, liked to speak about his bank's "moral mission." BCCI would be the first global Third World bank, a financial institution committed to aiding people in developing countries. Instead, Abedi and his allies did exactly the opposite, robbing innocent depositors of their savings, assisting dictators in the looting of their countries' treasuries, and doing a brisk business with terrorists and drug lords. With the help of Saddam Hussein, Manuel Noriega, and other notorious villains, BCCI built an empire that operated in seventy-three countries and controlled $30 billion in deposits." "But BCCI also had a political agenda: by secretly taking over the largest banking institution in Washington, D.C., and corrupting a host of powerful politicians, the bank's backers tried to influence U.S. policy in the Middle East. To the men from BCCI, Washington was a city for sale, and here for the first time are full accounts of BCCI's troubling relationships with Clark Clifford, Jimmy Carter, Orrin Hatch, and several members of George Bush's administration and family. The authors also explore the bank's ties to the murky world of intelligence, and prove that both the CIA and Saudi Arabia's intelligence agency were deeply involved in BCCI - perhaps from the beginning."
  • "How did this criminal rampage last for nearly twenty years? Rarely was BCCI hindered by regulators or law enforcement officials; even after the bank was shutdown, investigations by the Federal Reserve and the Justice Department were sluggish at best. The authors explain why, and show that if not for the efforts of a few intrepid investigators BCCI could still be bribing its way through the corridors of power." "Peter Truell and Larry Gurwin have been on BCCI's trail for over a decade, and their book at last reveals the full scope of this horrific scandal. False Profits is a riveting story, an explosive expose, and a disturbing illustration of the ease with which our country's leaders and political institutions can be corrupted."--Jacket
Cataloging source
DLC
http://library.link/vocab/creatorName
Truell, Peter
Illustrations
  • illustrations
  • portraits
  • plates
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Gurwin, Larry
http://library.link/vocab/subjectName
  • Bank of Credit and Commerce International
  • International finance
  • Bank failures
Label
False profits : the inside story of BCCI, the world's most corrupt financial empire, Peter Truell and Larry Gurwin
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 489-493) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
26855985
Dimensions
24 cm
Extent
xix, 522 pages 8 unnumbered pages of plates
Isbn
9780395623398
Lccn
92037248
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, portraits
System control number
(WaOLN)1483859
Label
False profits : the inside story of BCCI, the world's most corrupt financial empire, Peter Truell and Larry Gurwin
Publication
Bibliography note
Includes bibliographical references (pages 489-493) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
26855985
Dimensions
24 cm
Extent
xix, 522 pages 8 unnumbered pages of plates
Isbn
9780395623398
Lccn
92037248
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, portraits
System control number
(WaOLN)1483859

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