The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The bank was registered in Luxembourg with head offices in Karachi and London. A decade after opening, BCCI had over 400 branches in 78 countries and assets in excess of US$20 billion, making it the seventh largest private bank in the world.

BCCI came under the scrutiny of financial regulators and intelligence agencies in the 1980s, due to concerns that it was poorly regulated. Subsequent investigations revealed that it was involved in massive money laundering and other financial crimes, and had illegally gained controlling interest in a major American bank. BCCI became the focus of a massive regulatory battle in 1991, and, on 5 July of that year, customs and bank regulators in seven countries raided and locked down records of its branch offices[4] during Operation C-Chase.

Investigators in the United States and the UK determined that BCCI had been "set up deliberately to avoid centralized regulatory review, and operated extensively in bank secrecy jurisdictions. Its affairs were extraordinarily complex. Its officers were sophisticated international bankers whose apparent objective was to keep their affairs secret, to commit fraud on a massive scale, and to avoid detection".

The liquidators, Deloitte & Touche, filed a lawsuit against the bank's auditors, Price Waterhouse and Ernst & Young, which was settled for $175 million in 1998. By 2013, Deloitte & Touche claimed to have recovered about 75% of the creditors' lost money.

BCCI continues to be cited as a lesson to be heeded by leading figures in the world of finance and banking. In March 2023, the United States' Acting Comptroller of the Currency Michael J. Hsu stated that "there are strong parallels between FTX and the Bank of Credit and Commerce International – better known in bank regulatory circles as BCCI – which failed in 1991 and led to significant changes in how global banks are supervised.”

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Jack the Ripper was an unidentified serial killer active in the impoverished districts in and around Whitechapel in the East End of London in 1888. In both criminal case files and the contemporary journalistic accounts, the killer was called the Whitechapel Murderer and Leather Apron.

Attacks ascribed to Jack the Ripper typically involved female prostitutes who lived and worked in the slums of the East End of London. Their throats were cut prior to abdominal mutilations. The removal of internal organs from at least three of the victims led to proposals that their killer had some anatomical or surgical knowledge. Rumours that the murders were connected intensified in September and October 1888, and numerous letters were received by media outlets and Scotland Yard from individuals purporting to be the murderer. The name "Jack the Ripper" originated in a letter written by an individual claiming to be the murderer that was disseminated in the media.

The letter is widely believed to have been a hoax and may have been written by journalists in an attempt to heighten interest in the story and increase their newspapers' circulation. The "From Hell" letter received by George Lusk of the Whitechapel Vigilance Committee came with half of a preserved human kidney, purportedly taken from one of the victims. The public came increasingly to believe in a single serial killer known as "Jack the Ripper", mainly because of both the extraordinarily brutal nature of the murders and media coverage of the crimes.

Extensive newspaper coverage bestowed widespread and enduring international notoriety on the Ripper, and the legend solidified. A police investigation into a series of eleven brutal murders committed in Whitechapel and Spitalfields between 1888 and 1891 was unable to connect all the killings conclusively to the murders of 1888. Five victims—Mary Ann Nichols, Annie Chapman, Elizabeth Stride, Catherine Eddowes, and Mary Jane Kelly—are known as the "canonical five" and their murders between 31 August and 9 November 1888 are often considered the most likely to be linked.

The murders were never solved, and the legends surrounding these crimes became a combination of historical research, folklore, and pseudohistory, capturing public imagination to the present day.

Contact Info:

Gmail: theunansweredquestionspodcast@gmail.com

Twitter: https://twitter.com/crimeunsolved

Blogger: https://theunansweredquestionspodcast.blogspot.com

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Podcast Episode: shows.acast.com/the-unanswered-questions-podcast

#truecrime

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Jack the Ripper was an unidentified serial killer active in the impoverished districts in and around Whitechapel in the East End of London in 1888. In both criminal case files and the contemporary journalistic accounts, the killer was called the Whitechapel Murderer and Leather Apron.

Attacks ascribed to Jack the Ripper typically involved female prostitutes who lived and worked in the slums of the East End of London. Their throats were cut prior to abdominal mutilations. The removal of internal organs from at least three of the victims led to proposals that their killer had some anatomical or surgical knowledge. Rumours that the murders were connected intensified in September and October 1888, and numerous letters were received by media outlets and Scotland Yard from individuals purporting to be the murderer. The name "Jack the Ripper" originated in a letter written by an individual claiming to be the murderer that was disseminated in the media.

The letter is widely believed to have been a hoax and may have been written by journalists in an attempt to heighten interest in the story and increase their newspapers' circulation. The "From Hell" letter received by George Lusk of the Whitechapel Vigilance Committee came with half of a preserved human kidney, purportedly taken from one of the victims. The public came increasingly to believe in a single serial killer known as "Jack the Ripper", mainly because of both the extraordinarily brutal nature of the murders and media coverage of the crimes.

Extensive newspaper coverage bestowed widespread and enduring international notoriety on the Ripper, and the legend solidified. A police investigation into a series of eleven brutal murders committed in Whitechapel and Spitalfields between 1888 and 1891 was unable to connect all the killings conclusively to the murders of 1888. Five victims—Mary Ann Nichols, Annie Chapman, Elizabeth Stride, Catherine Eddowes, and Mary Jane Kelly—are known as the "canonical five" and their murders between 31 August and 9 November 1888 are often considered the most likely to be linked.

The murders were never solved, and the legends surrounding these crimes became a combination of historical research, folklore, and pseudohistory, capturing public imagination to the present day.

Contact Info:

Gmail: theunansweredquestionspodcast@gmail.com

Twitter: https://twitter.com/crimeunsolved

Blogger: https://theunansweredquestionspodcast.blogspot.com

Instagram: mr_unsolved_podcaster

YouTube channel: https://www.youtube.com/@theunansweredquestionspodc9107/featured

https://www.buymeacoffee.com/unsolvedpodcast/membership

Podcast Episode: shows.acast.com/the-unanswered-questions-podcast

#truecrime

#unsolved

#mystery

Hosted on Acast. See acast.com/privacy for more information.