Thread by @DavidCranmerUn1

Bank of Credit and Commerce International - Wikipedia

BCCI's founder, Agha Hasan Abedi, established the bank in 1972. Abedi, a prolific banker, had previously set up the United Bank Limited in Pakistan in 1959 sponsored by Saigols. Preceding the en.wikipedia.org/wiki/Bank_of_C…

nationalization of the United Bank in 1974, he sought to create a new supranational banking entity. BCCI was created with capital of which 25% was from the Bank of America and the remaining 75% from Sheikh Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi in the United Arab

Emirates. In 1991, Robert Mueller declared the government had been investigating BCCI since 1986 resulting in intense media coverage.[22]
In 1992, United States Senators John Kerry and Hank Brown became the co-authors of a report on BCCI, which was delivered to the Committee

on Foreign Relations. Agha Hasan Abedi founded the bank in 1959 and under his leadership, it became the second largest bank in Pakistan. In 1974, the Government of Pakistan nationalized the bank. This, in turn, led to Agha Hasan Abedi founding the Bank of Credit and Commerce

International.
In 2002, the Government of Pakistan sold 51 percent shares of the bank[3] to a consortium of Abu Dhabi Group and Bestway. Also, the bank merged its operations in the UK with those belonging to National Bank of Pakistan to form United National Bank Limited