VOL. XXXVII

NO. 16

17-JANUARY-1994

Financial and Banking News

BCCI

US Authorities Back Down On Charges Against BCCI/NCB: Abu Dhabi And USAgree To Cooperate On BCCI Cases

The last month has seen a flurry of legal activity in Abu Dhabi, London andNew York relating to the BCCI. The most significant developments have been thedecision by the New York District Attorney, Mr. Robert Morgenthau, to dropcharges against Shaikh Khalid bin Mahfouz and National Commercial Bank, and theagreement reached between...