The two greatest gifts of Agha Hassan Abidi are GIK institute and FAST university. The both universities got the initial financing from Agha Hassan Abidi and they are now the finest institutions of Pakistan
BCCI was a legitimate and finest institution. Agha Hassan Abedi and all other executives, staff and officers were from the very respectable backgrounds. No wrong doing or criminality was possible with such a team. Some mistakes or misunderstandings might be termed not compatible with some rules only which could be got corrected instead of forcing its closure. Some officers responsible for the mistakes could also be forced to leave or charged but nothing more. The bank was a finest institution and should have been serving the world. Agha Hassan Abedi was a great man.
This is a Half cooked Story. This Joker don't know ABC of BCCI. Closure of BCCI was a Conspiracy design by US as they couldn't Accept any Muslim Bank Expanding so Fast in addition their entry in US n giving Loan to Sudan which was Rejected by IMF/ WORLD BANK. 90% OF THE US BANKS WERE INVOLVED IN MONEY LAUNDERING BUT THEY WERE ONLY FINE $50;000/.
BCCI was a great challenge for western financial supermacy. Just consider BCCI in place of IMF they never imposed political restrictions but they preferred business. The story starts from BCCI finance for oil field development in Nigeria on easy terms replacing IMF & WB. So they locked down BCCI on fake charges with no charge sheets.
My parents lost their life savings when this bank closed, but for the next 20 years or so, the bank or whatever was left of it, kept making small payments. In the end 70 % of their total amount was returned to them. BCCI didn't have to return anything , if they were frauds, but the fact that they did says a lot about their crediblity despite all they went through.
As per banking laws of pakistan agr Foreign Bank default karta ha tou pakistanion ka 1st charge hota ha bank k assets pa ... meaning k sab sa pehla pakistanion ka debt pay kia jaye ga .. Also state bank na advance mn paisa ley k rakha hota han inn Fr. Banks sa so, default will not completely bury the pakistanis.
@@razakhalid4265bcci give . Its on record bcci repaid 90% laibility . 10% because liquadotiors charged 1 billion dollar over the course of 20 years to windup all assets of bcci
Sir please recall the history in full honesty. MOST of the branches of BCCI were liquid and in profit, and despite the abrupt & unfair clamp down the assets in form of Advanced needed time to collect. And eventually All depositors were paid almost 90-100%.
بینک بند ہونے پر بھی بینکرز کو اتنے پیسے ملے کہ انہوں نے بڑھاپے تک گھر بیٹھ کے کھایا اور کوئی کام نہیں کیا کیونکہ جتنا بینک انکو دیتا تھا اتنا انکو کوئی دے ہی نہیں سکتا تھا، عابدی صاحب نے مستحق لوگوں کی کھل کے مدد کی، وہ ایک عظیم انسان تھے اللہ انکو اجر عظیم عطا کرے۔ آمین
Agha Hassan Abedi is a hero for the third world financial market and visionary banker. He fostered a generation of Pakistani bankers with a culture of integrity and discipline. Sadly, the Western financial system crushed all his dreams and endevours to bring international banking to the developing world. May Allah bless his soul and grant him jannat in the hereafter. Latest Pakistani victim of the cruel global financial system Arif Naqvi Former CEO of The Abraaj Group.
Excellent briefings welldone Youngman. The Great Agha Hassan Abedi Legendary magic personality ever of banking industry. He served the third world peoples hole heartedly particularly Pakistan and Muslim world. The BCCI was Big Financial Institution ever in the world so there was big Conspiracy planed in America against third world Bank. We salute the Great Agha Hassan and his team fellows. Allah blessed him inJannah.
I remember as around 10’year old kid watching a PTV drama called Des Pardes which showed one of the characters Nabeel of Dhuwan fame struggling to cope with some trauma related to BCCI closure. I asked my parents what was this all about and they explained about international bank ran by a Pakistani. My father who was a Air traffic Controller telling me how Abedi would come out from his own Charter plane with bunch of guys following him from Behind including white people. Since then this story has fascinated me lot and on any opportunity be in school or college gave presentation on the bank. Surprised that many people didn’t know about this story despite being relativel recent. It’s a solid Netflix story
Agha Hussain Abedi was a great man. He was crushed with countless allegations. His bank was competing with the other banks of the world, so his bank was crushed. He did nothing wrong with our country and our nation.
Good presentation by this journalist. BCCI does not exist since July 1991. The black money exists in every country. The drug money still circulates worldwide. Which banks are now laundering illicit money-? This proves that BCCI was targeted and that there was a conspiracy. Loan Book of BCCI might have been weak but that was no reason to shut it down completely. Most depositors got their money back though with a delay.
One of our Ambassadors who got fired by Gen. Zia while in Swiss was appointed as an advisor by Hasan Abdi. His salary was more than 30,000 pm. He would tell about the London Office control room where Agha Abdi would see all his officers live on CCTV
SALUTE TO YOU 🙏🏻🙏🏻 AND YOUR ENTIRE TEAM. AWESOME PRESENTATION. ABB TO SAMZHO KI AMERICA HAMARA COMMON AUR IK NUMBER KA DUSHMAN HAI. BEWAKOOF TO HUM LOG HAI JO BAAR BAAR ISKI(USA) KI BATTON ME AA JATE HAI. AMERICAN SOCIETY IS NUMBER ONE DOUBLE STANDARD SOCIETY IN WHOLE WORLD. LOTS OF LOVE AND BEST WISHES FROM KAPURTHALA PUNJAB PROVINCE INDIA 🙏🏻 🙏🏻 🌹 🇵🇰🇮🇳🌹🙏🏻🙏🏻.
Unfortunately, this corporate corrupt prectice of "Utaai'giri" is also in prectice in today's Pakistani Banking industry and in fact most of corporate sectors in Pakistan. Regarding the BCCI, as a banker I believe yes it's a planned controversy against this bank as it's growing too fast. Otherwise, such petty things are the usual prectices in every bank of the world.. Just take an example of Swiss Bank, what you think for what this bank known for?? It's like a open book that this bank is behind every big crime in the world, But no one take action, Why??? So EU don't want a d don't allow Pakistan to grow 😢
When we get opportunities to build something great, we make progress, but always remember that there will be people lying in wait to capitalize on your mistakes. The willingness to work with drug dealers (disguised customs officers) was the mistake. Sad story.
محنت ، لگن اور جستجو اپنی زندگی میں ایک مقام لینے کے لیئے یہ حقحقی کہانی بہت موٹیویشنل ہے صرف اس میں سے فراڈ جھوٹ اور کریمنل سوچ کو نکال دیجئے پس آپ بھی اپنی زندگی کے حسین سپنے اور ٹارگٹس حاصل کرسکتے ہیں اور اس انجام سے بھی بچ جائیں گے جو بی سی سی آئی کا ہوا ۔۔۔
Except the concluding remarks, the whole presentation is inclined towards endorsement of the western allegations. Journalism is a tricky field and maintaining balance and impartiality is a big challenge.
I noticed it in their other videos as well. They are always inclined towards allegations and never give facts.... Journalism is a tricky field, you are right but in Pakistan, intellectual dishonesty is a disease
Yeh topic 18 minutes may cover nahien hosakta, kionkay is may Agha sahab Kay HBL say UBl ka safar or phir BCCI ka qayam, iskiki bhi aik alag Kahani hai. Kuch unkay purani saathi aaj bhi hain, jaisay AB Shahid, Akbar bilgrami, or dosray log.
International Jewery couldn't stand that a bank of a Pakistani should complete with them on International level so they made an example out of it. Take a look at 2008 recession, all the major jew banks who crested the recession in the first place got bailed out by US govt. and yet nobody can hold them accountable.
Had the Bank been run as per the banking rules it would have been a success but mid level management caused the disaster, Arab's Financial support and the management could not hold the position of the Bank with UK, USA and Europe resulted a total failure.
اگر صرف آپ یہ جان لیں کہ شیخ زاہد بن سلطان کا اکاؤنٹ کیس حاصل کیا گیا تھا۔تو یہ جان سکتے ہیں جس کی بنیاد ہی ایسی ھو۔ وہ بینک کیسا بنے گا۔ باری اسٹو ڈیو سے اس کا آغاز ھوا تھا۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ پھر شوٹنگ دکھانے کے بہانے۔۔۔۔۔ لڑکیاں دکھائی گئیں۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔لہولوہان۔ھوگئی ہر چیز۔۔۔
The Bank had assets worth 20 billion with debt of only 10 billion But they di$ not want a Pakistani bank to be so big So they closed it down without notice and did not permit it to be reopened I had approx 30,000 stuck but got back 95 pct but after 10 years and lot of follow up
My suggestion, made anther video, get some reputable bankers and then ask these questions to them , these allegations so they can explain banking terminologies better to audience. Many things in this video portrayed as allegations were either a way all banks operate but since BCCI was a Pakistani run bank was made a victim of doing those.
Agha Hassan Abedi created enormous opportunities for bankers but the Asian mindset that ‘Sab theek hae’ (all is well) was his undoing. To operate in the West he needed to follow the rules and regulations and with his genious, he still would have created one of the largest banks in the world. Also wasting money on Lordly pleasures of hiring poets and writers for his court was a disaster. Shutting down of the bank had nothing to do with it being a Muslim bank, so much money had been drained out that the bank was bankrupt in the end. Had it not been for Sh Zayed coming up with $1.2 billion on his lawyers advice (to which I was privy to) and writing off UAE’s billions of dollars in deposits, the ordinary depositors would not even have seen even 20 cents in the dollar. The bank fell as fast as it rose, which was extremely unfortunate and thousands of people lost jobs. Another problem at BCCI was endemic corruption at management level, taking kickbacks, using bogus accounts for property development by managers for their own benefit was also draining the bank. Never mind money laundering and moving money for CIA and doing the dirty work for George Bush senior in Iraq and Panama.
Really good and informative video, only thing missing is some first hand information/ interviews. I was very young when BCCI collapsed. I feel the main reason for the collapse was the unreasonable loans that the bank provided.
Europe or america ni chahtay thay k Islamic countries aik mazboot atomic military or financial power ban jaen jis say Israel ka wajood khatray mn a jaey aik mn wo nakam ho gaey or aik mn ab tk kamyab hn Thanx
BCCI hugely helped Pakistan in it's Nuclear Program. Agha Hasan Abdi was a financial Genius.
Agha Abedi was a highly professional banker. He used to take care all of his employees. He was humble and down to earth person.
yes, you are right. he used to give a lot of charity as well. such an asset to Pakistan. we lost him.
The two greatest gifts of Agha Hassan Abidi are GIK institute and FAST university. The both universities got the initial financing from Agha Hassan Abidi and they are now the finest institutions of Pakistan
Nust is the best one.
Gik and fast finest instituions of pakistan hahaha what a joke
BCCI was a legitimate and finest institution. Agha Hassan Abedi and all other executives, staff and officers were from the very respectable backgrounds. No wrong doing or criminality was possible with such a team. Some mistakes or misunderstandings might be termed not compatible with some rules only which could be got corrected instead of forcing its closure. Some officers responsible for the mistakes could also be forced to leave or charged but nothing more. The bank was a finest institution and should have been serving the world. Agha Hassan Abedi was a great man.
This is a Half cooked Story.
This Joker don't know ABC of BCCI. Closure of BCCI was a Conspiracy design by US as they couldn't Accept any Muslim Bank Expanding so Fast in addition their entry in US n giving Loan to Sudan which was Rejected by IMF/ WORLD BANK.
90% OF THE US BANKS WERE INVOLVED IN MONEY LAUNDERING BUT THEY WERE ONLY FINE $50;000/.
BCCI was a great challenge for western financial supermacy. Just consider BCCI in place of IMF they never imposed political restrictions but they preferred business. The story starts from BCCI finance for oil field development in Nigeria on easy terms replacing IMF & WB. So they locked down BCCI on fake charges with no charge sheets.
Agha Hassan abidi was a legend. History produces such gems after centuries.
کمال کی منظر کشی . بہت اعلی
Excellent documentary
My parents lost their life savings when this bank closed, but for the next 20 years or so, the bank or whatever was left of it, kept making small payments. In the end 70 % of their total amount was returned to them. BCCI didn't have to return anything , if they were frauds, but the fact that they did says a lot about their crediblity despite all they went through.
This was a great share.
As per banking laws of pakistan agr Foreign Bank default karta ha tou pakistanion ka 1st charge hota ha bank k assets pa ... meaning k sab sa pehla pakistanion ka debt pay kia jaye ga .. Also state bank na advance mn paisa ley k rakha hota han inn Fr. Banks sa so, default will not completely bury the pakistanis.
Bcci didn't return the money. The liquidator did. The liquidator forced Sh Zayed, Abu Dhabi to compensate the depositors
@@razakhalid4265bcci give . Its on record bcci repaid 90% laibility . 10% because liquadotiors charged 1 billion dollar over the course of 20 years to windup all assets of bcci
Sir please recall the history in full honesty. MOST of the branches of BCCI were liquid and in profit, and despite the abrupt & unfair clamp down the assets in form of Advanced needed time to collect. And eventually All depositors were paid almost 90-100%.
بینک بند ہونے پر بھی بینکرز کو اتنے پیسے ملے کہ انہوں نے بڑھاپے تک گھر بیٹھ کے کھایا اور کوئی کام نہیں کیا کیونکہ جتنا بینک انکو دیتا تھا اتنا انکو کوئی دے ہی نہیں سکتا تھا، عابدی صاحب نے مستحق لوگوں کی کھل کے مدد کی، وہ ایک عظیم انسان تھے اللہ انکو اجر عظیم عطا کرے۔ آمین
Agha Hassan Abedi is a hero for the third world financial market and visionary banker. He fostered a generation of Pakistani bankers with a culture of integrity and discipline. Sadly, the Western financial system crushed all his dreams and endevours to bring international banking to the developing world. May Allah bless his soul and grant him jannat in the hereafter.
Latest Pakistani victim of the cruel global financial system Arif Naqvi
Former CEO of The Abraaj Group.
Love ❤️ from Noakhali, Bangladesh 🇧🇩
Amazing video. BCCI was the best bank ever !
Zaraa num ho tou ya matti bohat Zarkhaiz hai saqi - Proud to b, a Pakistani
Abedi sb was a great man. Allah bless his soul.
Great research.And undoubtedly Agha Hasan Abidi was a genius person.
Thanks for giving us FAST university and your name is still written outside one of the labs, Hassan Abdi Lab
Telling style is so impresive bro.. Well done❤❤
Excellent briefings welldone Youngman. The Great Agha Hassan Abedi Legendary magic personality ever of banking industry. He served the third world peoples hole heartedly particularly Pakistan and Muslim world. The BCCI was Big Financial Institution ever in the world so there was big Conspiracy planed in America against third world Bank. We salute the Great Agha Hassan and his team fellows. Allah blessed him inJannah.
The Great Aga Hasan Abidi. Pray for his maghfirat.
It was really informative video. There are huge stories and personalities of Pakistan but never told. Thanks for sharing
History breaks! World Talent Karachi Always Produce the Talent!
Financial genius, proud of him
Your reporting style & research is world class.
Greatly
Agha hasan abdi is a ginious and. Very patriotic person
I remember as around 10’year old kid watching a PTV drama called Des Pardes which showed one of the characters Nabeel of Dhuwan fame struggling to cope with some trauma related to BCCI closure. I asked my parents what was this all about and they explained about international bank ran by a Pakistani. My father who was a Air traffic Controller telling me how Abedi would come out from his own Charter plane with bunch of guys following him from
Behind including white people. Since then this story has fascinated me lot and on any opportunity be in school or college gave presentation on the bank. Surprised that many people didn’t know about this story despite being relativel recent. It’s a solid Netflix story
Solid story thanks for sharing
Agha Hasan Abidi is founder of UBL also.
Kamaal story
آپکی storytelling کا style انتہائی منفرد اور سنسنی خیز ہے
❤❤ LOVE ❤U❤ HAMESA ❤️💕💕💖💕🙏🙏🙏💞❣️🇮🇳🇮🇳🇮🇳💞❣️❤️❤️💖💕
Agha Hussain Abedi was a great man. He was crushed with countless allegations. His bank was competing with the other banks of the world, so his bank was crushed. He did nothing wrong with our country and our nation.
Excellent report 👍 keep it up brother
His way of telling stories is more batter than the the lady and other ones.🎉
Well narrated video.
One of the best anchor from raftar..
Awesome Home work,very informative and interested, from USA 🇺🇸
Very Informative
V informative, however the bank was also punished because it helped Pakistan in becoming a nuclear power
Exactly
very fascinating story
Good presentation by this journalist. BCCI does not exist since July 1991. The black money exists in every country. The drug money still circulates worldwide. Which banks are now laundering illicit money-? This proves that BCCI was targeted and that there was a conspiracy. Loan Book of BCCI might have been weak but that was no reason to shut it down completely. Most depositors got their money back though with a delay.
Sazish he karte hain ye goray log love for raftar from newyork
Double standards of modern worlds
Good information
First time seen your channal good job 👏 👏👏👏👏👏👏
America nay band karwaya ye Bank BCCI one of the best Bank at that time. Agha Hassan abadi great Man
My grand father founder member in bcci bank .
BTW, RAFTAR is a great channel. MASHA ALLAH :)
Wonderful repot.
One of our Ambassadors who got fired by Gen. Zia while in Swiss was appointed as an advisor by Hasan Abdi. His salary was more than 30,000 pm. He would tell about the London Office control room where Agha Abdi would see all his officers live on CCTV
Karachi has Gifted this country with everything it had.
Even now the real People (Mahajirs) are feeding the whole Pakistan with their Tax Money.
16:24 جی بالکل BCCI کو سازش کے تحت ختم کیا گیا۔ اس کے پیچھے Routhshirld فیملی اور دیگر امریکی، برطانوی بینک اور ادارے تھے۔
SALUTE TO YOU 🙏🏻🙏🏻 AND YOUR ENTIRE TEAM.
AWESOME PRESENTATION.
ABB TO SAMZHO KI AMERICA HAMARA COMMON AUR IK NUMBER KA DUSHMAN HAI.
BEWAKOOF TO HUM LOG HAI JO BAAR BAAR ISKI(USA) KI BATTON ME AA JATE HAI.
AMERICAN SOCIETY IS NUMBER ONE DOUBLE STANDARD SOCIETY IN WHOLE WORLD.
LOTS OF LOVE AND BEST WISHES FROM KAPURTHALA PUNJAB PROVINCE INDIA 🙏🏻 🙏🏻 🌹 🇵🇰🇮🇳🌹🙏🏻🙏🏻.
Pakistani and completely honest call fall in the same sentence
Kash ye chand sikon k liye zinda log imandari k usool k sath baat kren to asal muamla khule
Bai Wahhhhhh Zabardast kaam👍
Sub kuch tau ap ney bata dia, 👉🙄😏👈 ab is paey mazeed Kia comments dyna 👈😉
Very good work... Darya ko koozay me band krdya... Good work channel.raftaar
This channel deserves a few million subscribers atleast.
I want this host more often in videos
Unfortunately, this corporate corrupt prectice of "Utaai'giri" is also in prectice in today's Pakistani Banking industry and in fact most of corporate sectors in Pakistan.
Regarding the BCCI, as a banker I believe yes it's a planned controversy against this bank as it's growing too fast. Otherwise, such petty things are the usual prectices in every bank of the world.. Just take an example of Swiss Bank, what you think for what this bank known for?? It's like a open book that this bank is behind every big crime in the world, But no one take action, Why???
So EU don't want a d don't allow Pakistan to grow 😢
I have always heard good about Agha Abidi from seniors
کوئی بات نہیں BCCI بند ہو گیا اور ہزاروں افراد بے روزگار ہو گئے لیکن اسکی جگہ Citi bank جیسے معیاری بنک کے لیے جگہ بن گئی ۔
Watch the movie "The Infiltrator" it covers part of the BCCI operations well.
When we get opportunities to build something great, we make progress, but always remember that there will be people lying in wait to capitalize on your mistakes. The willingness to work with drug dealers (disguised customs officers) was the mistake. Sad story.
Bhoot achi videos bna ry raftar channel !! Good working
Sir Please conclude Kia karaien
محنت ، لگن اور جستجو اپنی زندگی میں ایک مقام لینے کے لیئے یہ حقحقی کہانی بہت موٹیویشنل ہے صرف اس میں سے فراڈ جھوٹ اور کریمنل سوچ کو نکال دیجئے پس آپ بھی اپنی زندگی کے حسین سپنے اور ٹارگٹس حاصل کرسکتے ہیں اور اس انجام سے بھی بچ جائیں گے جو بی سی سی آئی کا ہوا ۔۔۔
Except the concluding remarks, the whole presentation is inclined towards endorsement of the western allegations. Journalism is a tricky field and maintaining balance and impartiality is a big challenge.
I noticed it in their other videos as well. They are always inclined towards allegations and never give facts....
Journalism is a tricky field, you are right but in Pakistan, intellectual dishonesty is a disease
thanks for good presentation
Incredible video. Thank you for all the hard work you and your team did on this video, looking forward to more content like this.
Yeh topic 18 minutes may cover nahien hosakta, kionkay is may Agha sahab Kay HBL say UBl ka safar or phir BCCI ka qayam, iskiki bhi aik alag Kahani hai. Kuch unkay purani saathi aaj bhi hain, jaisay AB Shahid, Akbar bilgrami, or dosray log.
Akbar Bilgrami and Naqvi Saheb expired
@@AsifShaikh inna lillahe WA inna elehe rajeon, very sad, I worked with Akbar bilgrami
can you suggest any thing related to his life and his experience book or any documentry
قدرت اللہ شہاب کے تعلقات آغا صاحب سے حبیب بینک کے دور سے تھے تب قدرت اللہ شہاب صنعتی وزیر کے سیکریٹری تھے۔
Agha Hassan Abidi or BCCI is not here to defend the allegations. Whatever you say will go unchallenged.
International Jewery couldn't stand that a bank of a Pakistani should complete with them on International level so they made an example out of it. Take a look at 2008 recession, all the major jew banks who crested the recession in the first place got bailed out by US govt. and yet nobody can hold them accountable.
Many benefited and many 😢like us lost .
BCCI rose too quickly and unnerved the West.
Thank you so much for the in-depth info about BCCI Bank, keep up the good work.
Thanks, will do!
Bro Make more video on business world. Also make on Arif Naqvi and etc.
Amazing that American criminal-justice system did not take bribe and let these people go.
یقیناً یہ ایک سازش ہی تھی 😢
This is the 2nd video where you did not describe the main issue bhai cartel ke fraud ke ilaawa kya frauds thhay woh bataana thha na.
Infact there were no exactly proved charges. They are just creating hype
Had the Bank been run as per the banking rules it would have been a success but mid level management caused the disaster, Arab's Financial support and the management could not hold the position of the Bank with UK, USA and Europe resulted a total failure.
Best voice in raftar.
Make a video on daud Ibrahim is trending in India and good see the Pakistan views
اگر صرف آپ یہ جان لیں کہ شیخ زاہد بن سلطان کا اکاؤنٹ کیس حاصل کیا گیا تھا۔تو یہ جان سکتے ہیں جس کی بنیاد ہی ایسی ھو۔ وہ بینک کیسا بنے گا۔ باری اسٹو ڈیو سے اس کا آغاز ھوا تھا۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ پھر شوٹنگ دکھانے کے بہانے۔۔۔۔۔ لڑکیاں دکھائی گئیں۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔لہولوہان۔ھوگئی ہر چیز۔۔۔
Bcci was best strategy however need to establish another to break the monopoly of west......
Please activate English subtitles
Agha sahab na to system banaya ber is k successor usay sambhal nhi sakhay
مغربی پروپیگینڈا بیان کیا جا رہا ہے۔
We want Ahsan Sabz for Next/ upcoming documentaries.
The Bank had assets worth 20 billion with debt of only 10 billion
But they di$ not want a Pakistani bank to be so big
So they closed it down without notice and did not permit it to be reopened
I had approx 30,000 stuck but got back 95 pct but after 10 years and lot of follow up
wish you had mentioned FAST institute which is best computer science institute in pakistan
Are you blind or what? He did mention FAST
They couldnt digest it.
So to call this a sazish .... You need a special level of confidence
Read Umera Ahmad's novel "aab e hayat " it explains the similar kind of scandal ...
I think it’s really unfair to call it bank of criminals, it was a pride of Pakistanis in 70s, it was shut by a conspiracy
My suggestion, made anther video, get some reputable bankers and then ask these questions to them , these allegations so they can explain banking terminologies better to audience. Many things in this video portrayed as allegations were either a way all banks operate but since BCCI was a Pakistani run bank was made a victim of doing those.
Watch hollywood's movie "Infiltrator" about BCCI and its downfall....
Agha Hassan Abedi created enormous opportunities for bankers but the Asian mindset that ‘Sab theek hae’ (all is well) was his undoing. To operate in the West he needed to follow the rules and regulations and with his genious, he still would have created one of the largest banks in the world. Also wasting money on Lordly pleasures of hiring poets and writers for his court was a disaster. Shutting down of the bank had nothing to do with it being a Muslim bank, so much money had been drained out that the bank was bankrupt in the end. Had it not been for Sh Zayed coming up with $1.2 billion on his lawyers advice (to which I was privy to) and writing off UAE’s billions of dollars in deposits, the
ordinary depositors would not even have seen even 20 cents in the dollar. The bank fell as fast as it rose, which was extremely unfortunate and thousands of people lost jobs. Another problem at BCCI was endemic corruption at management level, taking kickbacks, using bogus accounts for property development by managers for their own benefit was also draining the bank. Never mind
money laundering and moving money for CIA and doing the dirty work for George Bush senior in Iraq and Panama.
Really good and informative video, only thing missing is some first hand information/ interviews. I was very young when BCCI collapsed. I feel the main reason for the collapse was the unreasonable loans that the bank provided.
No that was a conspiracy hatched by the then mafia of banks of Europe
Europe or america ni chahtay thay k Islamic countries aik mazboot atomic military or financial power ban jaen jis say Israel ka wajood khatray mn a jaey aik mn wo nakam ho gaey or aik mn ab tk kamyab hn Thanx