---
category: Private Organization
location: New York City
summary: Chelsea National Bank was a financial institution that Bank of Credit and
  Commerce International attempted to acquire in 1975, using Abbas Gokal as a front.[^1]
  Regulators rejected the bid due to concerns about BCCI's involvement.[^1]
tags:
- Organization
- Bank
---

Chelsea National Bank was a financial institution that [BCCI](/organizations/bank-of-credit-and-commerce-international/) attempted to acquire in 1975, using [Abbas Gokal](/people/abbas-gokal/) as a front.[^1] Regulators rejected the bid due to concerns about BCCI's involvement.[^1]

[^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.