23 lines
1.9 KiB
Markdown
23 lines
1.9 KiB
Markdown
---
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category: "BCCI Scandal"
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tags:
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- Person
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- BCCI
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- CIA
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summary: "The Gokal brothers, Abbas Gokal, Murtaza Gokal, and Mustafa Gokal, were Pakistani businessmen who ran the Gulf Group, a London-based shipping company."
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---
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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, according to the journalists Jonathan Beaty and S. C. Gwynne, were BCCI's largest debtor.[^1]
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### Business Operations and BCCI Connections
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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]
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[[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]
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### Footnotes
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[^1]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 9.
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[^2]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, pp. 139-140.
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[^3]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 315.
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[^4]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 11.
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