* " The BCCI Affair ", Report to the Committee on Foreign Relations, United States Senate, Senator John Kerry and Senator Hank Brown, 1992, 102nd Congress 2nd Session Senate Print 102-140 ( Kerry Report ).

In 1992, United States Senators John Kerry and Hank Brown became the co-authors of a report on BCCI, which was delivered to the Committee on Foreign Relations.

He was appointed as the new chief of the BCCI Selection Committee on 27th September 2012

BCCI became the focus of a massive regulatory battle in 1991 and on July 5 of that year customs and bank regulators in seven countries raided and locked down records of its branch offices.

Abedi had been approached about buying it as early as 1977, but by this time BCCI's reputation in the United States was so poor that it could not hope to buy an American bank on its own ( as mentioned above, the OCC was adamantly opposed to BCCI being allowed to buy its way into the American banking industry ).

In October 1985, the Bank of England and the Institut Monétaire Luxembourgeois ( Luxembourg's bank regulator ) ordered BCCI to change to a single accountant, alarmed at reported BCCI losses on the commodities and financial markets.

When the Fed cleared the group of Arab investors to buy First American, it did so on condition that they supplement their personal funds with money borrowed from banks with no connection to BCCI.

After a six-month trial, BCCI, under immense pressure from US authorities, pleaded guilty in 1990, but only on the grounds of respondeat superior.

On July 5, 1991, regulators persuaded a court in Luxembourg to order BCCI liquidated on the grounds that it was hopelessly insolvent.

On July 7, 1991, Hong Kong Office of the Commissioner of Banking ( forerunner of the Hong Kong Monetary Authority ) ordered BCCI to shut down its business in Hong Kong on the grounds that BCCI had problem loans and the Sheikh of Abu Dhabi, the major shareholder of BCCI, refused to provide funds to the Hong Kong BCCI.

Hong Kong BCCI was liquidated on July 17, 1991.

A few weeks after the seizure, on July 29, Manhattan District Attorney Robert Morgenthau announced that a Manhattan grand jury had indicted BCCI, Abedi and Naqvi on twelve counts of fraud, money laundering and larceny.

On November 15, BCCI, Abedi and Naqvi were indicted on federal charges that it had illegally bought control of another American bank, Independence Bank of Los Angeles, using Saudi businessman Ghaith Pharaon as the puppet owner.

Following the report, the bank's liquidators launched the Three Rivers DC v Bank of England case, on behalf of thousands of BCCI creditors who are suing the Bank of England for its failure to properly oversee the bank.

The BCCI lifted the ban on Azharuddin in 2006 and even honoured him along with other Indian Test captains in a ceremony in Mumbai during the 2006 ICC Champions Trophy.

The rise of the financial power of the BCCI had an immense effect on NZ cricket and its players.

The Indian cricket batsman Sachin Tendulkar was accused of sporting the flag on his cricket helmet below the BCCI emblem.

He now does commentary on behalf of BCCI in the matches that India plays.

He was under indictment in the United States and UK for crimes related to BCCI, but Pakistani officials refused to give him up for extradition because they felt the charges were politically motivated.

F. Lee Bailey and Florida state prosecutor Richard Gerstein were the directors of CenTrust Federal Savings Bank, a failed satellite of BCCI ; this would eventually lead to Bailey's disbarment.

; Legal cases involving BCCI

BCCI also acquired parallel banks through acquisitions: buying the Banque de Commerce et Placements ( BCP ) of Geneva in 1976, and creating KIFCO ( Kuwait International Finance Company ), Credit & Finance Corporation Ltd, and a series of Cayman-based companies held together as ICIC ( International Credit and Investment Company Overseas, International Credit and Commerce, etc .).

Bank of America was " bewildered " by BCCI and reduced its holding in 1980, and the company came to be held by a number of groups, with ICIC owning 70 %.

However, large numbers of shares were held by BCCI nominees.

The U. S. Central Intelligence Agency held numerous accounts at BCCI, according to William von Raab, former U. S. Commissioner of Customs.

Oliver North also used and held multiple accounts at BCCI.

Mohinder Amarnath also served as a selector for the Indian National team but his was cut short early, with the Board of Control for Cricket in India ( BCCI ) appointing an all-new selection committee after its Annual General Meeting held in Mumbai on September 27, 2012.

In the House of Lords judgement on the BCCI Malfeasance Case it was held that this had 3 essential elements:

His tenure as the President of BCCI ended with a defeat to J. C. Mukherjee, the President of the Cricket Association of Bengal, by 12 votes to 5, in the Board meeting held at the Imperial Hotel in Delhi on 1951-08-05.

One of the large financial institutions that he was able to use to launder money was the Bank of Credit and Commerce International ( BCCI ) which was shut down at the end of the Cold War by the FBI.

For example, the Bank of England ordered BCCI to cap its branch network in the United Kingdom at 45 branches.

BCCI paid $ 10 million in fines and forfeited all $ 550 million of its American assets — at the time, the largest single criminal forfeiture ever obtained by federal prosecutors.

The Board of Control for Cricket in India ( BCCI ), headquartered at Mumbai, India, is the national governing body for all cricket in India.

The North Stand of the Brabourne housed the Board of Control for Cricket in India ( BCCI ) headquarters and the 1983 Cricket World Cup trophy until 2006 when both were moved to the newly built Cricket Centre at the nearby Wankhede Stadium.

The North Stand of the Brabourne housed the BCCI headquarters and the 1983 Cricket World Cup trophy until 2006 when both were moved to the newly built Cricket Centre at the nearby Wankhede Stadium.

On 27 September 2012 Sandeep Patil was named the chairman of selectors at the Annual General Meeting of the BCCI in Mumbai.

After scoring two more half-centuries in the series at an average of 48, Raina was awarded a BCCI C-grade contract.

The BCCI had it origins in a meeting in February 1927 at the Roshanara Club in Delhi between Arthur Gilligan, the captain of the visiting MCC team, De Mello, Grant Govan and the Maharaja of Patiala.

Both tours were eventually cancelled but the BCCI was formally founded at the Roshanara Club in December 1928 with Grant Govan as the first President and De Mello the Secretary.

BCCI was created with capital from Sheikh Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi in the United Arab Emirates and Bank of America ( 25 %).

In 1991, Clifford's memoirs Counsel to the President ( co-authored with Richard Holbrooke, later U. S. Ambassador to the United Nations ) were published just as his name was implicated in the unfolding Bank of Credit and Commerce International ( BCCI ) scandal.