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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.
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BCCI and ban
Azhar admitted to fixing three ODI matches, and this led the BCCI to ban him from the game for life in 2000.
The ban was revoked upon appeal, but in April, Harbhajan was banned from the 2008 Indian Premier League and suspended from the ODI team by the Board of Control for Cricket in India ( BCCI ) for slapping Sreesanth after a match.
Vengsarkar meanwhile picked up a six month ban from BCCI for writing newspaper columns.
BCCI and on
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.
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.
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 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 ).
* The BCCI Affair, Report to the Committee on Foreign Relations States Senate ; held at FAS -( A Report to the Committee on Foreign Relations United States Senate by Senator John Kerry and Senator Hank Brown ; December 1992 ; 102d Congress 2d Session Senate Print 102-140 )
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.
BCCI and 2006
In March 2006, BCCI proposed the name of Vengsarkar for match referee, but the proposal did not move forward as Vengsarkar accepted the job as chairman of selectors of the BCCI in September 2006-in contrast to his stance on zonal representation a decade ago.
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.
In December 2006, he was dismissed by the BCCI, for misappropriation of funds allocated for the 1996 World Cup.
BCCI and him
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.
After the final in Mumbai, Ponting drew some criticism for appearing to ask BCCI president and Indian cabinet minister Sharad Pawar to " leave the podium " and pointing towards the exit with his finger, while his team-mate Damien Martyn pushed him gently in the back so that his team could commence celebrations.
The BCCI offered him a two-year contract for the post, and despite voicing reservations about concerns he had about having the full support of India players, he confirmed he would be taking the job on 4 December.
However, in May 2007, when the issue was taken to the Bombay High Court, and later, the Supreme Court of India, he was exonerated as the BCCI was unable to prove their charge of financial irregularities against him and attributed his dismissal to political interference.
De Mello courted controversy later in his career ( in 1951, reviewing his time as the BCCI President, The Times of India called him a ' dictator ').
BCCI and along
He joined the BCCI ( Board of Control for Cricket in India ) in 1979, and became its treasurer in 1983 ( the year India won the Cricket World Cup ) and later, along with Inderjit Singh Bindra helped to win the right to stage the World Cup in South Asia in 1987 and 1996.
BCCI and with
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 %).
The company itself divided into BCCI Holdings with the bank under that splitting into BCCI SA ( Luxembourg ) and BCCI Overseas ( Grand Cayman ).
Overall, BCCI expanded from 19 branches in five countries in 1973 to 27 branches in 1974, to 108 branches in 1976, with assets growing from $ 200 million to $ 1. 6 billion.
By 1980, BCCI was reported to have assets of over $ 4 billion with over 150 branches in 46 countries.
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 %.
It was later estimated that in this manner, BCCI had ended up with 60 percent or more of First American's stock.
BCCI was not squeamish about dealing with disreputable clients.
The CIA also worked with BCCI in arming and financing the Afghan mujahideen during the Afghan War against the Soviet Union, using BCCI to launder proceeds from trafficking heroin grown in the Pakistan-Afghanistan borderlands, boosting the flow of narcotics to European and U. S. markets.
This two year undercover operation concluded in 1988 with a fake wedding that was attended by BCCI officers and drug dealers from around the world who had established a personal friendship and working relationship with undercover agent Mazur.
At the same time he was dealing undercover with BCCI executives, Mazur used his undercover operation to establish a relationship with the hierarchy of the Medellin Cartel as one of their sources for laundering drug proceeds.
Throughout the 80s, BCCI had set up millions of dollars worth of letters of credit for Najmeddin, largely for arms deals with Iraq.
However, after the Sandstorm report, regulators concluded BCCI was so fraught with problems that it had to be seized.
In 2002, Denis Robert and Ernest Backes, former number three of Clearstream, described as a " bank of banks " which practices " financial clearing ", discovered that BCCI had continued to maintain its activities after its official closure, with " microfiches " of Clearstream's illegal unpublished accounts.
The report found that Clifford and his legal / business partner Robert A. Altman had been closely involved with the bank from 1978, when they were introduced to BCCI by Bert Lance, the former director of the Office of Management and Budget, to 1991.
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.
In 1991, Robert M. Morgenthau, the District Attorney for New York County ( coterminous with the borough of Manhattan ), disclosed that his office had found evidence that BCCI secretly owned First American.
It was later estimated that in this manner, BCCI had ended up with 60 percent or more of First American's stock.
Clifford's predicament worsened when it was disclosed he had made about $ 6 million in profits from bank stock that he had bought with an unsecured loan from BCCI.
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