NO. 42

18 JULY 1994

Financial and Banking News

BCCI US Courts Sets 19 October Date For Sentencing Of BCCI's Swaleh Naqvi

Mr. Swaleh Naqvi, the former chief executive of Bank of Credit and CommerceInternational, is to be sentenced by a US district court in Washington on 19October, having pleaded guilty to charges of conspiracy, wire fraud andracketeering. A plea bargaining agreement reached with the US Justice Departmentcalls for Mr. Naqvi to receive between nine and 11 years in jail,...