Washington : A spokesman of the Pakistani Embassy in Washington rejected an article published by Foreign Policy (FP) magazine, which tried to establish links between Bank of Credit and Commerce International (BCCI) and Pakistan.
“The opinion article titled ‘Remembering Pakistan’s Biggest and Baddest Fraud Scandal’ by Michael Kugleman smacks of a complete lack of knowledge and understanding of the facts surrounding the rise and fall of BCCI, the spokesman wrote in a letter to the editor of FP news publication.
“Regrettably, the title of the article is misconceived and scandalous as it attempts to establish unsubstantiated links between Bank of Credit and Commerce International (BCCI) scam and Pakistan,” he added.
“We simply fail to understand why the blame for the scam by a Bank, incorporated in Luxembourg with Headquarters in London, is placed at Pakistan’s door, where only a few of worldwide 400 branches of the erstwhile bank existed,” the letter read.
Moreover, he added, the author has not explained how one individual, Agha Hassan Abedi, was responsible for every malfeasance of the bank, which being incorporated was a separate entity in the eye of the law. “Very conveniently, the article has not mentioned that Abedi was also a British national,” the letter read. (AFP)
