---
category: BCCI Scandal
summary: Zafar Iqbal took over as head of BCCI in late 1990, after the firing of Agha
  Hasan Abedi and Swaleh Naqvi.
tags:
- Person
- BCCI
---

Zafar Iqbal took over as head of [BCCI](/organizations/bank-of-credit-and-commerce-international/) in late 1990, after the firing of [Agha Hasan Abedi](/people/agha-hasan-abedi/) and [Swaleh Naqvi](/people/swaleh-naqvi/).[^1] He was also responsible for inspecting the "dancing girls" for clients.[^2]

### Role at BCCI

As head of BCCI, Iqbal was the bank's president when [William Ryback](/people/william-ryback/) of the Federal Reserve demanded to see the audit reports.[^3] He was forced by Ryback to agree that the audit would not be brought back to the United States, nor would the [Bank of England](/organizations/bank-of-england/) allow a copy to be taken.[^4]

[^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. 174.
[^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. 132.
[^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. 133.
[^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. 393.