Abbas Gokal was one of the [[Gokal brothers]] who ran the [[Gulf Group]], a London-based shipping company.[^1] ### Role in BCCI Operations Abbas Gokal was used as a front by [[Bank of Credit and Commerce International|BCCI]] in 1975 in an attempt to acquire Chelsea National Bank in [[New York]].[^2] Regulators rejected this bid due to concerns about BCCI's involvement.[^2] The Gulf Group, run by the Gokal brothers, was believed to be BCCI's largest debtor, with loans topping out at $831 million in 1990 that were never repaid.[^3] The Gokal brothers' shipping empire was built with BCCI money.[^3] ### Footnotes [^1]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 9. [^2]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 11. [^3]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 140.