Fact check
Is it true: BCCI (Bank of Credit and Commerce International) collapse (Jul 5 1991)?
Yes — this is confirmed.
The Kerry Senate subcommittee report (Dec 1992) documented BCCI's loan fraud, money laundering for Noriega/Saddam/Abu Nidal, and CIA/Saudi GID covert use of the bank. Bank of England coordinated a global shutdown on 5 July 1991. Clark Clifford too ill to stand trial; Robert Altman acquitted 1993. Liquidation recovered $7.5B for depositors. The criminal network and intelligence use are confirmed by documentary evidence.
The claim
The Bank of Credit and Commerce International — nicknamed "Bank of Crooks and Criminals International" — was founded in 1972 in Karachi by Agha Hasan Abedi with Pakistani backing and operated across 7
Key evidence
Kerry Senate report (Dec 1992) documented full criminal network
Senate Subcommittee Found No Evidence CIA Recruited or Controlled Abedi
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