Gokal brothers
The Gokal brothers, Abbas Gokal, Murtaza Gokal, and Mustafa Gokal, were Pakistani businessmen who ran the Gulf Group, a London-based shipping company.
The Gokal brothers, Abbas Gokal, Murtaza Gokal, and Mustafa Gokal, were Pakistani businessmen who ran the Gulf Group, a London-based shipping company.1 They were closely associated with Agha Hasan Abedi and the BCCI, and were believed to be BCCI's largest debtor.1
Business Operations and BCCI Connections
The Gokal brothers used BCCI money to build their shipping empire, chartering more ships in one year than China and India combined during their heyday.2 Their loans from BCCI topped out at $831 million in 1990 and were never repaid, contributing significantly to BCCI's financial problems.2
Mustafa Gokal was named Pakistan's minister for shipping, a position facilitated by Abedi, highlighting the intertwined relationship between BCCI and the Pakistani government.3 The Gokal brothers were also used by BCCI as a front for various transactions, including an attempt to acquire Chelsea National Bank in New York City in 1975.4
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, pp. 139-140. ↩
- Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 315. ↩
- 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. ↩
Local network
Gokal brothers's direct connections. Click any node to navigate, drag to pan, scroll (or pinch) to zoom. + 2‑hop expands the neighborhood one level further.