The Outlaw Bank: A Wild Ride Into the Secret Heart of BCCI [Jonathan Beaty, S. Gwynne] on Amazon.com. *FREE* shipping on qualifying offers. A deatiled and. The Paperback of the The Outlaw Bank by Jonathan Beaty, S. Gwynne at Barnes & Noble. FREE Shipping on $25 or more! Description: The 1991 collapse of the Bank of Credit and Commerce International (BCCI) was one of the biggest financial scandals of all time. The Paperback of the The Outlaw Bank by Jonathan Beaty, S. Gwynne at Barnes & Noble. FREE Shipping on $25 or more!

'Agha Hassan Abdi was perhaps the most brilliant pure businessman the developing world has ever produced.' My whole intention of reading this book was to educate myself with the tale of BCCI, the most successful and ambitious international corporation produced by Pakistan to date, centre of whose tale was its charismatic and dashing head Agha Hassan Abdi. And the book delivers, what an incredible tale of the rise of Agha Hassan Abdi from a lowly clerk to the head of the biggest bank to come out of 'Agha Hassan Abdi was perhaps the most brilliant pure businessman the developing world has ever produced.' My whole intention of reading this book was to educate myself with the tale of BCCI, the most successful and ambitious international corporation produced by Pakistan to date, centre of whose tale was its charismatic and dashing head Agha Hassan Abdi.

And the book delivers, what an incredible tale of the rise of Agha Hassan Abdi from a lowly clerk to the head of the biggest bank to come out of the developed world. If Mohammed Ali Jinnah was the founding father of Pakistan than Agha Hassan Abdi has to considered the founding father of banking industry in Pakistan. As the head of probably the only truly international corporation to come out of Pakistan, Abdi had to have exceptional skills. He was a leader, a charmer, and a supreme manipulator who managed to ingratiate himself with some of the most influential personal in Asia. But isn't that what bankers are supposed to do in the first place? I mean people like the Sheikh Zayed of Abu Dhabi, the Shah of Iran and President of Pakistan, President Carter probably do qualify as dream clients for any banker, surly. Or am I missing something here?

I read this book in the backdrop of some of the biggest banking scams in the US and across the world which make me wonder why the authors choose to ostracise Abdi and the BCCI to such lengths. The authors repeatedly branded BCCI as a ‘ponzi’ scheme claiming that the bank had little collateral and depending on roaming capital but then what caused the banking crash of 2008?

Are not the reasons pretty similar? The clue to BCCI’s demise and take down is embedded in the book itself. Clip from Business Week in 1980. The Arab nations of OPEC are building a new international banking system that threatens to capture control of the world’s financial resources in the 1980’s in the same way they took control of the world’s energy resources in the 1970’s. While the different pieces of the Arab banking system are only now being put in place, it is already clear that the OPEC money weapon will join with the OPEC oil weapon in giving the Arabs unprecedented sway over the economies and politics of the West. On one level, the Arab banks will be the richest financial institutions in the world, with the ability to tap into the OPEC oil nations fantastic wealth, which is expected to reach $1 trillion by 1985. Did you notice the reference to weapons in the above quote?

The book for me takes great pains to highlight the corrupt and nefarious activities of BCCI, with a lot of repetition which made me wonder as repetition as a tactics is generally in propaganda and advertising. Zero Degree Tamil Ebook Pdf here. And I am afraid this particular book is highly prejudiced against BCCI right from the start till the the end. In taking down Pakistan, the authors have openly defamed whole country cultures like Pakistan which I found pretty distasteful. If the whole culture of Pakistan was so corrupt than who helped provide evidence against BCCI?