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| BCCI Scandal |
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Khalil was one of the nominees used by Abedi to secretly purchase shares in CCAH, the holding company that owned First American Bank. |
A. R. (Abdul Raouf) Khalil is a high-level officer in Saudi Arabian intelligence and a key Bank of Credit and Commerce International front man.1 He was a prominent figure in Agha Hasan Abedi's network of wealthy Middle Eastern individuals who were shareholders in BCCI and its associated entities.
Role in BCCI Operations
Khalil was one of the nominees used by Abedi to secretly purchase shares in Credit and Commerce American Holdings, the holding company that owned First American Bank.2 He was also a recipient of large, fictitious loans from BCCI, such as $168 million, which were used to create the illusion of capital within the bank.3
His involvement in BCCI's operations highlights the bank's strategy of using influential figures to conceal its true ownership and illicit financial activities. Khalil, along with Kamal Adham and Ghaith R. Pharaon, held significant shares in BCCI and its subsidiaries, often acquired through these fraudulent loans.4
Footnotes
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Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 10. ↩︎
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Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 193. ↩︎
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Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 142. ↩︎
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Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 140. ↩︎