30 lines
2.6 KiB
Markdown
30 lines
2.6 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: "Masihur Rahman was the former chief financial officer of BCCI."
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location: "Abu Dhabi, UAE"
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---
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Masihur Rahman was the former chief financial officer of [[Bank of Credit and Commerce International|BCCI]].[^1] He explained the financial legerdemain that resulted in the disappearance of billions of dollars.[^2] Rahman later testified before a Senate subcommittee.[^3]
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### Role at BCCI
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Rahman was brought into United Bank by [[Agha Hasan Abedi]] and [[Swaleh Naqvi]] in 1966, and moved with them when Abedi created BCCI.[^4] He brought with him the original handwritten ledgers of the bank's first year of operation in [[Abu Dhabi]].[^5]
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After BCCI pleaded guilty to money laundering in January 1990, Rahman was placed in charge of an internal audit committee to verify the Price Waterhouse figures.[^6] His findings showed that the bank's books were in a shambles, with hundreds of millions of dollars loaned or transferred without paperwork, and hundreds of millions more simply disappeared.[^7]
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Rahman was very nervous about discussing BCCI's affairs with the press due to threats to his family.[^8] He described a secret bank within the bank, International Credit and Investment Company Holdings (ICIC) in the [[Cayman Islands]], into which billions of dollars in deposits were improperly diverted.[^9]
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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. 5.
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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, p. 5.
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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. 5.
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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. 81.
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[^5]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 81.
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[^6]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 81.
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[^7]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 83.
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[^8]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 80.
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[^9]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 82.
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