Magazine article The Nation

B.C.C.I.: The Desire

Magazine article The Nation

B.C.C.I.: The Desire

Article excerpt

The Bank of Credit and Commerce International, quips Jonathan Winer, an aide to Senator John Kerry, is "the financial infrastructure of the twilight zone." Drug dealers, heads of state, intelligence services, arms merchants, all managed to find to right window at B.C.C.I. But B.C.C.I. was more than a shady bank. It was a cult. Fro stretch of time, the institution held annual management conferences that promoted New Age twaddle more than financial strategy. In a 1985 letter inviting bank managers to that year's seminar in Vienna, B.C.C.I. president Agha Hasan Abedi promised attendees would be "living in the . . . BCC human energy system and . . . will experience a totally new ecology, the ecology of God's divinity." They would "feel the power and pleasure of US $1 billion in capital fund, US $14.5 billion in assets."

The brochure for the seminar is chock-full of motivational folderol. A little homily titled "A Universe of Faith" is provided for the use of the bank's staff. …

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