---
born: 1938-09-16
category: BCCI Scandal
died: 2009-04-18
location: Carshalton, Surrey, England
summary: Eddie George was the Deputy Governor of the Bank of England.
tags:
- Person
- BCCI
---

Eddie George was the Deputy Governor of the [Bank of England](/organizations/bank-of-england/).[^1]

### Role in BCCI Scandal

George, along with Governor [Robin Leigh-Pemberton](/people/robin-leigh-pemberton/), was aware of the disastrous 1990 Price Waterhouse audit of [BCCI](/organizations/bank-of-credit-and-commerce-international/), which revealed that many of BCCI's transactions were "fraudulent and deceitful."[^2] Despite this knowledge, the Bank of England agreed to a plan in spring 1990 to allow BCCI to move its headquarters to [Abu Dhabi](/places/abu-dhabi/) and for [Sheikh Zayed](/people/zayed-bin-sultan-al-nahayan/) to take over the bank.[^3] This action effectively concealed BCCI's problems from its depositors and creditors.[^4]

On June 28, 1991, George and Leigh-Pemberton decided to act, informing the Federal Reserve Bank of the impending seizure of BCCI in the [United Kingdom](/places/united-kingdom/).[^5] This decision was influenced by the revelations in the Price Waterhouse audit and the certainty that [Robert Morgenthau](/people/robert-morgenthau/) and the Fed would take action.[^6]

[^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. 135.
[^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. 135.
[^4]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 135.
[^5]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 146.
[^6]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 136.