Chelsea National Bank was a financial institution that [[Bank of Credit and Commerce International|BCCI]] attempted to acquire in 1975, using [[Abbas Gokal]] as a front.[^1] Regulators rejected the bid due to concerns about BCCI's involvement.[^1] ## 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. 11.