New PDF release: From BCCI to ISI: The Saga of Entrapment Continues

By Abid Ullah Jan

ISBN-10: 0973368764

ISBN-13: 9780973368765

During this e-book, the writer digs up the financial institution of credits and trade overseas (BCCI) factor to teach how the financial institution turned a sufferer of a grand entrapment approach by way of the U.S. executive and the way that strategy keeps until this present day.

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Extra resources for From BCCI to ISI: The Saga of Entrapment Continues

Example text

Any person with an established credit record is a potential customer. It is, therefore, unsurprising that these individuals were unable to discern the truth when a reputable American Bank provided false letters to prove the credibility of its client, thus facilitating this continuing game of entrapment. While in Paris, Mazur opened three accounts for three different fake corporations: Nicesea Shipping Corporation, Saint Sea Shipping Ltd, and Bakevill Ltd. The latter two companies were designed to hold what purported to be Abreu and Mazur’s personal funds, respectively.

On May 20, 1988, Mazur instructed the BCP-Geneva (the group opened a safety deposit box at the BCP-Geneva on the previous day) to transfer $1 million into the Nicesea Shipping account. The money belonged to Don Chepe (Moncada). A *~*~*~*~* gent Abreu took Mora to the BCCI in Paris on May 25, 1988 without an appointment, and introduced him to Hassan. The meeting took just five minutes. Hassan never saw Mora, nor had any communication with him again. Hassan never conducted or transacted any business directly for Mora at any time after that brief encounter.

It created a $50 billion banking group, and had the moral and financial backing of an immensely strong group from Saudi Arabia. With this master stroke, Abedi was able to silence the critics and conceal the liquidity crisis from the regulators. However, he did not realize that, unlike the other shareholders, Mahfooz was an independent-minded person, who liked to exert his shareholder muscle and actively involve himself at the Director level. By 1987, the clash of personalities had reached its peak.

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From BCCI to ISI: The Saga of Entrapment Continues by Abid Ullah Jan

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