Eddie George
Eddie George was the Deputy Governor of the Bank of England.
Eddie George was the Deputy Governor of the Bank of England.1
Role in BCCI Scandal
George, along with Governor Robin Leigh-Pemberton, was aware of the disastrous 1990 Price Waterhouse audit of BCCI, 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 and for Sheikh Zayed 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.5 This decision was influenced by the revelations in the Price Waterhouse audit and the certainty that Robert Morgenthau and the Fed would take action.6
Sources
- 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. ↩
- 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. ↩
- 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. ↩
- 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. ↩
- 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. ↩
- 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. ↩
Local network
Eddie George's direct connections. Click any node to navigate, drag to pan, scroll (or pinch) to zoom. + 2‑hop expands the neighborhood one level further.