The Rise And Fall Of The Largest 3Rd World Bank
This enthralling book on BCCI written by a key executive on the bank narrates in some details the sage of this international bank - the largest in the 3rd World. Set up in 1972 this bank had Bank of America as one of its major shareholder and the Ruler of Abu Dhabi as its founder and financer. Two powerful building blocks for success. More
This enthralling book on BCCI written by a key executive on the bank narrates in some details the sage of this international bank - the largest in the 3rd World. Set up in 1972 this bank had Bank of America as one of its major shareholder and the Ruler of Abu Dhabi as its founder and financer. Two powerful building blocks for success.
In less than 20 years it became a global organization covering 72 countries backed by 423 offices and with assets exceeding $20 billion. Notwithstanding its awesome success it was abruptly shut down on a Friday afternoon in July 1991 by the Bank of England under pressure from a particular US Agency. WHY ?
This book will spell out the real reason and give some incredible details of the conspiracy that surrounded this event … Read on
About the Author
Masihur Rahman is a highly qualified accountant being a Fellow of The Royal Institute of Chartered Accountant of England & Wales (FCA), a Fellow of the British Institute of Management (FBIM) and an Associate of the Institute of Cost and Management Accountants (ACMA) in the UK Rahman was born in Calcutta, India . His father was a renowned judge and well known for two reasons. One, that he was the first Muslim in undivided India to become a much vaunted ICS officer (Indian Civil Service) and second he was the first and one of only two Indians to ever earn a 100% mark in Mathematics resulting in a Foundation being created in Dhaka, Bangla Desh called “The Hall of Excellence in Mathematics” set up within the campus of the Dhaka University
Rahman was a founding member of Bank of Credit and Commerce Int. set up in 1972 by Agha Hasan Abedi and remained with BCCI till 1990 soon before its closure. Prior to this Rahman worked as an Executive Vice President of United Bank, which was also established by Mr. Abedi in 1959
As the Chief Finance Officer of BCCI, Rahman was responsible for preparing the financial statements of BCCI. He was also responsible for arranging the audit(s) of the BCCI Group which was conducted by two of the “big four” audit firms of the world - Ernst & Young and Price Waterhouse.
, Rahman had close dealings with the banking activities of BCCI - particularly during the closing period of BCCI in 1990 and1991. This gave him an in depth of knowledge of the affairs of the bank right up to its abrupt closure in July 1991. He also had access to valuable documents which helped his recollection of events relating to the bank an aided in confirming the validity of submissions made in this book.
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