The Outlaw Bank
A Wild Ride Into the Secret Heart of BCCI
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- $33.99
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- $33.99
Publisher Description
Here is a detailed and spellbinding account of the collapse of the Bank of Credit and Commerce International (BCCI), one of the greatest financial scandals of all time. Events and players spring to life in this sordid story involving the wealthy, heads of state, and governments. The scandal affords a rare and representative glimpse at the trillion-dollar-plus underground market of secret money that moves at will in and out of the world's most sophisticated and highly regulated economies.
PUBLISHERS WEEKLY
As reporters for Time magazine, Beaty and Gwynne were at the forefront of uncovering the scandals surrounding the Bank of Credit and Commerce International (BCCI) in 1991. Here they authoritatively examine that global institution and the $20-billion-plus fraud its agents committed in 73 countries over a nearly 20-year period. They begin by describing their own ``wild ride'' as investigative journalists; their dramatic story includes highly placed pseudonymous sources a la Deep Throat and veiled threats from various BCCI power brokers, among them Clark Clifford. A second section flashes back to trace the rise of BCCI in Pakistan, where it was nourished by petrodeposits; BCCI's manipulations of such Americans as former President Jimmy Carter; and its depredations in such places as Panama and Nigeria. Returning to their personal tale, the authors go on to probe the cover-up of BCCI crimes and the negligence of ``governments all over the world.'' The implications are chilling: BCCI was protected by U.S. intelligence agencies--``certainly'' by William Casey's CIA and ``probably'' by the National Security Council. Moreover, international banking rules remain unchanged. Photos not seen by PW. Author tour.
