VOL. XXXIV

NO. 44

5-AUGUST-1991

Financial and Banking News

BCCI

BCCI Scandal Grows and Grows

One month after central banks moved to freeze BCCI's worldwide operations,the rumor mill surrounding the bank's alleged illegal activities has spun out ofcontrol. A cursory reading of western press reports could easily leave theimpression that BCCI's sole objective was to engage in international crime,while at the other extreme, statements from some Third World officials assertthat the whole BCCI scandal...