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10 - PEOPLE/(A-G)/Gokal brothers.md
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---
category: "BCCI Scandal"
tags:
- Person
- Business
- Shipping
- BCCI
- Banking
- Pakistan
- UK
- CIA
summary: "The Gokal brothers, Abbas Gokal, Murtaza Gokal, and Mustafa Gokal, were Pakistani businessmen who ran the Gulf Group, a London-based shipping company."
---
The Gokal brothers, [[Abbas Gokal]], [[Murtaza Gokal]], and [[Mustafa Gokal]], were [[Pakistan|Pakistani]] businessmen who ran the [[Gulf Group]], a [[London]]-based shipping company.[^1] They were closely associated with [[Agha Hasan Abedi]] and the [[Bank of Credit and Commerce International|BCCI]], and were believed to be BCCI's largest debtor.[^1]
### Business Operations and BCCI Connections
The Gokal brothers used BCCI money to build their shipping empire, chartering more ships in one year than [[China]] and [[India]] combined during their heyday.[^2] Their loans from BCCI topped out at $831 million in 1990 and were never repaid, contributing significantly to BCCI's financial problems.[^2]
[[Mustafa Gokal]] was named Pakistan's minister for shipping, a position facilitated by Abedi, highlighting the intertwined relationship between BCCI and the Pakistani government.[^3] The Gokal brothers were also used by BCCI as a front for various transactions, including an attempt to acquire Chelsea National Bank in [[New York]] in 1975.[^4]
[[Mustafa Gokal]] was named Pakistan's minister for shipping, a position facilitated by Abedi, highlighting the intertwined relationship between BCCI and the Pakistani government.[^3] The Gokal brothers were also used by BCCI as a front for various transactions, including an attempt to acquire Chelsea National Bank in [[New York City]] in 1975.[^4]
### Footnotes