#PersianGulf

Places (3)

• Bahrain Persian Gulf island state, one of BCCI's earliest growth markets, whose ruling family was among the bank's ostensible owners and where Ghaith Pharaon's defaulted BCCI loans were booked.
• Dubai Trading emirate of the United Arab Emirates whose ruling family was among BCCI's ostensible Arab owners, and through which a 1985 BCCI-backed TOW missile deal with Iran was channeled.
• United Arab Emirates Gulf federation formed on December 2, 1971, whose president Sheikh Zayed and Abu Dhabi government held 77 percent of BCCI at its closure and kept its top officers out of foreign investigators' reach.