What does BCCI mean in INTERNATIONAL
The acronym BCCI stands for Bank of Crooks and Criminals International. It is a play on words for the more commonly known Bank of Credit and Commerce International (BCCI). BCCI was an international banking corporation founded in 1972 by Agha Hasan Abedi and headquartered in Karachi, Pakistan. The bank was used as a vehicle for money laundering, tax evasion, and illicit transfers of funds from individuals or companies from illegal activities.
BCCI meaning in International in International
BCCI mostly used in an acronym International in Category International that means Bank of Crooks and Criminals International
Shorthand: BCCI,
Full Form: Bank of Crooks and Criminals International
For more information of "Bank of Crooks and Criminals International", see the section below.
Essential Questions and Answers on Bank of Crooks and Criminals International in "INTERNATIONAL»INTERNATIONAL"
What is BCCI?
BCCI stands for Bank of Crooks and Criminals International. It is a play on words for the more commonly known Bank of Credit and Commerce International (BCCI).
When was BCCI founded?
BCCI was founded in 1972 by Agha Hasan Abedi.
Where is BCCI based?
BCCI was based in Karachi, Pakistan.
What activities did BCCI facilitate?
BCCI facilitated money laundering, tax evasion, and illicit transfers of funds from individuals or companies from illegal activities.
Who founded the Bank?
The bank was founded by Agha Hasan Abedi in 1972.
Final Words:
Although BCCI began with promise when it was established in 1972, the bank quickly became tainted by criminal activity carried out by its founders and other members within the organization. This resulted in its closure after being investigated for fraud and money laundering in 1991 — leading to the introduction of its informal nickname “Bank of Crooks and Criminals International†(BCCI) which still persists today.
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