Bank of Credit and Commerce International

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Bank of Credit and Commerce International

More commonly called BCCI. An international bank established in Pakistan, headquartered in London, and registered in Luxembourg. Its operations were structured to avoid regulation by any single authority. It was founded in 1972 with investments from the Emir of Abu Dhabi and Bank of America. It grew rapidly, making major loans and seeking deposits from high net-worth individuals. It became the seventh largest bank in the world. Because it was so poorly regulated, it was able to commit massive fraud, as well as deal with terrorist groups and questionable government operations. These crimes were ultimately exposed in 1991, and BCCI shut down, though lawsuits involving it continued for more than a decade.
References in periodicals archive ?
Shashank Manohar, the newly elected president of BCCI will complete Srinivasan's term as chairman which will end in June 2016.
On Sunday, our managing committee decided to construct a building for the BCCI headquarters at our Bandra- Kurla Complex.
Shaharyar Khan, along with a three-member PCB delegation, visited India to discuss with BCCI president Shashank Manohar to take a final decision whether India was ready to play the series as per the MoU signed last year.
Shashank has been unanimously elected president of the BCCI in a special general body meeting of BCCI at its headquarters in Mumbai.
He said the Premier's directives to deal with BCCI as a representative of the private sector would have a direct impact in boosting economic development and enabling the private sector to assume its pivotal role in the sustainable development process.
BCCI honorary joint secretary Anurag Thakur - who is also the president of the Himachal Pradesh Cricket Association (HPCA), the local governing body - is now urging strong action.
The BCCI wishes to inform all its stakeholders, especially ardent fans of the Indian cricket team, that this is a unilateral decision taken by the WICB and its players, in spite of several appeals to the WICB to honour its commitment and complete the series.
The BCCI President has indefinitely suspended RCA from participating in any BCCI activity.
Earlier, reports said that the BCCI is all set to oppose the apex court's three interim proposals, including the appointment of former Indian cricketer Sunil Gavaskar as interim president.
He said BCCI members whose names do not appear on voters' list or there is an error in the recorded data may submit applications to the election committee.
The Marketing Committee of the BCCI, headed by Union Minister Farooq Abdullah, will hold a meeting on Thursday in Mumbai to finalize the invitation to tender document for contracting a new series sponsor for matches at home.
I've never seen a construction company do something like this," said Brad Gates, vice president of business development for BCCI.