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Swaleh Naqvi

Swaleh Naqvi was the chief operating officer of BCCI, taking over after Agha Hasan Abedi's 1988 heart attack.

Mentions 7 Tags PersonBCCICIA

Swaleh Naqvi was the chief operating officer of BCCI, taking over after Agha Hasan Abedi's 1988 heart attack.1

Role at BCCI

Naqvi was instrumental in the day-to-day operations and manipulations within BCCI. He personally maintained some six thousand secret accounts, which were at the core of the bank's deception.2 He was responsible for orchestrating the sale of Clark Clifford and Robert Altman's stock in First American Bank to a BCCI front man.3

Naqvi, along with Abedi, was indicted by Robert Morgenthau, the Manhattan district attorney, in July 1991 for fraud, bribery, grand larceny, and money laundering.4 He was also indicted by the Department of Justice in November 1991 for his role in the bond manipulation at CenTrust Savings Bank and the secret ownership of Independence Bank of Encino.5

Connections and Influence

Naqvi had close ties with Abedi and was involved in many of the bank's illicit activities, including the use of nominees and offshore networks to conceal ownership and financial transactions.6 He was also involved in the meeting where Eugene Holley introduced Bert Lance to Abedi.7

Sources

  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. 10. ↩
  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. 140. ↩
  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. 216. ↩
  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. 14. ↩
  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. 383. ↩
  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. 143. ↩
  7. Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 180. ↩
  8. Beaty, Jonathan and Gwynne, S. C. The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. New York: Random House, 1993, p. 393. ↩

Connected to

Organization
Bank of Credit and Commerce International
The Bank of Credit and Commerce International (BCCI) was a Pakistani-founded offshore bank that operated across 78 countries before its 1991 collapse exposed a decade-long conspiracy involving money laundering for drug cartels and intelligence agencies, illegal acquisition of U.S. banks, bribery, fraud, and arms trafficking, in what regulators called the largest bank fraud in history.
7 shared pages
viaAmjad Awan · Eugene Holley · Zafar Iqbal · Robert Morgenthau · Masihur Rahman
Person
Clark Clifford
Clark Clifford (1906-1997) was a Washington attorney who served as Special Counsel to President Truman, co-authored the National Security Act of 1947, served as Secretary of Defense under Lyndon Johnson, and became the central American figure in the BCCI scandal after he and his partner Robert Altman personally vouched to banking regulators that BCCI would not secretly own First American Bank -- a representation that proved false.
3 shared pages
viaAmjad Awan · Robert Morgenthau

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