Bcci Timeline

BCCf

Founded London

1959 Agha Hasan Abedi

Set up the United Bank of Pakistan

1959 United Bank of Pakistan

Set up by Abedi

1971 United Bank of Pakistan

Nati on aIizatio n

1971 Agha Hasan Abedi

Sought to create supranational banking entity

1971 Sheikh Zayed bin Sultan AI Nahyan

Capital supplied to United Bank of Pakistan

1971 Emir of Ahabi

Capital supplied to United Bank of Pakistan

1971 Bank of America

Capital supplied to United Bank of Pakistan-2S%

1971 CIA

Capital supplied to United Bank of Pakistan - alledgly

1971 CIA

Purpose of Capital was to seek funding route for the Afghn Mujahideen

1971 Abu Dhabi

Most assets were from there

1971 Afghan Mujahideen 1972 Agha Hasan Abedi

CIA seeking funding route for them thu United Bank of Pakistan

1973 BCCI

19 branches

1974 BCCI

27 branches

1976 BCCI

108 branches

1976 BCCl

200 million to 1.6 billion

1977 BCCI

Reported in dire straits-Deposits funding day to day business Instead of it being investe(

1977 BCCI 1977 George HW Bush

Among 1st banks to operate in China

1978 Clark Clifford

In China Introduced to BCCI by Burt Lance

1978 Robert A. Altman

Introduced to BCCI by Burt lance

1982 Financial General Bankshares

15 Middle East Investors bought it

1982 First American Bankshares

Financial General Bankshares renamed

1982 Clark Clifford

Named Chairman of First American Bankshares

1982 BeCI

Rumor that BCCI really owned First American Bankshares

1982 CenTrust Federal SavIngs Bank 1982 Price Waterhouse

Directors F.lee Baily and Richard Gerstein - BCCI affialated Accountants for BCCI overseas

1982 Ernst & Young

Auditors for BCCI and BCCI Holdings (London and Luxenbourg)

1987 George Bush

secured

1987 Price Waterhouse

Became sole accountants for BCCI

1988 BCCI

Implicated in a drug money laundering scheme - Tampa, Florida

1988 C-Chase Case

BeCI implicated in a drug money laundering scheme

1988 BCCI

Called the CIA money laundering facility

a critical 25m loan from a bank that was a BCCI joint venture

1988 CIA

BCCI called the money laundering facility

1989 BCCI

Abu Dhabi groups holding almost 40%

1989 Abu Dhabi 19S9 Price Waterhouse

Group holding almost 40% in BCCI Signed BCCl1s 1989 annual audit report

1990 Price Waterhouse

Audit revealed hundreds of millions of dollars unaccounted for

1990 Sheikh Zayed bin Sultan AI Nahyan

Resolved financial problems and 78% in exchange

1990 Abu Dhabi

BCCI documentation shows transfer

1990 BCCt

1.48 billion loans to its own shareholders who used stock as collateral

1990 First American Bankshares

Bccr ended up with 60% or more of the stock

1990 Gokal Companies

BCClloaned up to 3)( the bank's capital

1990 BCCI

Actually siphoned off depositors money to shore up banks shaky loan portfolio

1990 BCCI

Paid off shareholders from depositors money

1990 BeCI

Pleaded guilty on grounds of respondent superior on C-Chase Case

1991 1991 Clark Clifford

13 billlon unaccounted for

1991 Delotte & Touche

Liquidators filed lawsuit against Price Waterhouse and Ernst & Young

1991 Wall Street Journal 1991 Emir of Abu Dhabi

Lawsuit against him for 400m

Mosaic of BCCI connections surrounding harken since GW Bush came on board

1991 Abu Nidal

Broad investigation started

1991 Price Waterhouse

Asked to carry out an inquiry Reported difficulty if not Impossibility to reconstruct bank's financial history

1991 Sandstorm 1991 Abu Nidal

Link man to BCCl

1991 Samler Najmeddin

Arab man named as Link man to BeCI

1991 Najmedien 1991 Marc Rich

Same as Samier Najmedien -link man to BCCI

1991 Luxembourg 1991 BCCI 1991 BCCI 1991 United Kingdom 1991 Shaith Pharaon 1991 National Bank of Georgia 1991 Burt Lance 1991 National Bank of Georgia 1991 First American Bankshares 1991 BCCI 1992 Independence Bank 1992 Three Rivers vs Bank of England 1993 First Union Bank

1993 First American Bankshares 1995 Abedi 1998 Price Waterhouse 1998 Ernst & Young 1998 Clark Clifford

American who was always with Najmedien Ordered BCClliqudated in five countries - 7-5-1991 Liquidated in 5 countries by court in Luxembourg Liquidators by court said 9.5 billion was lost or stolen Officials said BCCI had never turned a profit in its existence Puppet owner of national Bank of Georgia Owned by Burt Lance Owned National Bank of Georgia Sold to First American Bought National Bank of Georgia Liquidators pleaded guilty to all American crimInal charges against bank Seized Case Indicted Forced merger with First American First Union was forced to merge Died Settled for 175m Settled for 175m Died

1998 Robert A. Altman 2001 Marc Rich

Received a failure to convict in New York state, but could never bank again. Pardoned by Clinton - 1-20-2001

2005 Delatte & Touche

Dropped lawsuit agaInst Bank of England

2005 Three Rivers vs Bank of England 2008 Shaith Pharaon

Case Collapsed. Still a fugitive

President Bush Sr. FEDEX

SAUDIA

BCCI

1. Bank of Suez 2. Bank of Audi 3. Bank of AI Tagwa Saar Foundation

Bank of Washington 1. Iran-Contra 2. Burt Lance 3. Adnan l
Max Pharma

Burt lance

Hamilton Taft 1. Sheikh Abdulazlz Bin Ibrahim AI-Ibrahim 2. Abdulaziz AI-Shehail 3. Abe Lurie 4. Aziz AI-yahya 5. Haddi Barrage 6. Harb Al Zuheir 7. Omar Benjamin 8. Assam AI-Masri 9. Dr. Passad lD.Mohamed A. Hadid

1.Sheikh Abdulaziz Bin Ibrahim AI-Ibrahim 2. Abdulaziz AI-Shehail 3. Abe Lurie 4. Aziz AI-yahya S. Haddi Barrage 6. Harb Al Zuheir 7. Omar Benjamin 8. Assam AI·Masri

i:1?ll;\pSaar FOljnqatipn 1],~~9\ ty1ph~ ll1 ed Had iii

Rrovi ded th e, cash: for Ha,djg,lSJ] pid;expanslom into,OCs.reah estate:mar~~t 6fAsp~n;

1989 "Mohqmed:Hadid,W

Said,heW6LJI(:ii9an~roH~h~: q~91. Began acquisitions during the summer of 1989

1989:Mqhame~:tJiadjd

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1989SMohamedHadid

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?B89 Mohamed Ha,did 1989 Mohamed Hadid ~989}M()ham~d;Hadid (l~~,~,)].[Y~;q,Hb" ,Mirza.,,!' i'tQ89 ,Mohamed Hadid 1989 Mohamed Hadld 1989 Mohamed HEidid ,1989 Mohamed Ha,did 1989 Chase Manhatten Bank 1989 1212 New York Avenue 1989 John Guinee, Jr. 1989 Chase Manhatten Bank (0"/1989 .Saar FoundatIon ',1989 Saar Foundation Ii 1989 Saar Foundation 1989 Hadid

B9~ght? ttoustOJl hotel.·h,~ Y'!9:;c;9nV:e~iflgi?t~::'~',~itz)

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1990 Hadid 1990 Lynx Real Esta;te 1990 Hadid 0199 O:\R,jchard;G ross::' 1990 Pokety Farrm 1990 Trust Bank 1990 Smithy Bradeon Saar Foundation' Saar Foundation'!' Aspen Hotel:

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qY'!ped '8500 t~,t;Sp~rg'pike' ihTyson; Cor~ers..Fo;'edosed

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!~90 Hadid

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Talked about buying the Hilton Hotel Chain

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Executive Offlc~9~nt¢r-I5,RO:"YU Ie'

1212'N~W Y~rk Avenue~,Chapter:l'l' Scheduled to Foreclose on 1212 and auction office building --Saar Partner Hours before foreclosure, the property was put into Chapter 11 Workout specialist who put 1212 into bankruptcy Hadid owed Chase 1 m. in unsecured debt

T9pkit out of'babkfUpfcyand forced Hadid'io"hand over control Split with' Hadld~ qut npt quite. down'the-middle Hadfour prqp~rti,es.lndudingthe·hamiltOn BUlldln'gon'Franklin Square Had control of three buiJdingsJ two of which were in default Finaldlvor.ceJ he:lqs!control of8500'Leesburg~l,ke~nd'Rockvillewas on brink He had 81S Connecticut Ave. 50% interest at 1620 L Street <:Saar Foundation established:it; Said he put up a Ritz in Morocco Partner at FoleyHOag&,Eliot'. Hadid's lawye'r outstanding deed trust of 8.1 m President Bill Walde who backed Hadid on 5 projects so Hadid owed him no money j

Brian Connolly, evp said people with play with Hadid again. o rigina I:Pa rtnerin;Aspen Ch arita bleTrLJst'th at is fu ndEd: by:wealthy,SaudIJC:\l1)ily

Industrial Bank of Japan

r SaarWillingtotake'a'part 6fthe'deal ,hutiriot$10:miHlon Hadid said they had agreed to finance the project-not true

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1989 Mohamed Hadid

Aspen

Saar Foundation

Original Partner in Aspen

Saar Foundation

Charitable Trust that is funded by wealthy Saudi family

1986 Saar Foundation Aspen Hotel Industrial Bank of Japan 1989 Abdul Aziz AI-Ibrahim Abdul Aziz AI-Ibrahim

Provided the cash for Hadid's rapid expansion into DC's real estate market Saar willing to take a part of the deal but not $70 million Hadid said they had agreed to finance the project--not true Said he would bankroll the deal. Brother in law to King Fahd

Abdul Aziz AI-Ibrahim

His sister is klng's second wife

Abdul Aziz AI-Ibrahim

His nephew was favored prince

Morgan Stanley 1989 Mohamed Hadid

brought Abdul to Mohamed Began acquisitions during the summer of 1989

1989 Mohamed Hadld

Bought two Ritz-Carlton hotels out of bankruptcy

1989 Mohamed Hadld

Bought a Houston hotel he was converting into a Ritz

1989 Mohamed Hadid

Tried to buy Eastern Airlines-Trump beat him to it

1989 Mohamed Hadid

Talked about buying the Hilton Hotel Chain

1989 Mohamed Hadid

Market in DC flattened out and partners and his bankers wanted to know what he was going to do

1989 m. Vaqub Mirza

Vice president of Saar

1989 Mohamed Hadid

Owned 1212 New York Avenue-Foreclosed

1989 Mohamed Hadld

Owned 8500 Leesburg Pike in Tyson Corners-Foreclosed

1989 Mohamed Hadid

Executive Office Center in RockvIlle

1989 Mohamed Hadid

1212 New York Avenue - Chapter 11

1989 Chase Manhatten Bank

Scheduled to Foreclose on 1212 and auction office building -Saar Partner

1989 1212 New York Avenue

Hours before foreclosure the property was put into Chapter 11

1989 John Guinee, Jr.

Workout speclalist who put 1212 into bankruptcy

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1989 Chase Manhatten Bank

Hadid owed Chase 1 m.ln unsecured debt

1989 Saar Foundation

Took it out of bankruptcy and forced Hadid to hand over control

1989 Saar Foundation

Split with Hadid but not quite down the middle

1989 Saar Foundation 1989 Hadid

Had four properties including the hamilton Building on Franklin Square

1990 Hadid

Final divorce, he lost control of 8500 Leesburg Pike and Rockville was on brink

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Had control of three buildings, two of which were in default

1990 Hadid

He had 815 Connecticut Ave. 50% Interest at 1620 L Street

1990 Lynx Real Estate

Saar FoundatIon established it.

1990 Hadld

Said he put up a Ritz in Morocco

1990 Richard Gross

Partner at Foley Hoag & Eliot - Hadid's lawyer

1990 Pokety Farrm

outstanding deed trust of 8.1 m

1990 Trust Bank

President Bill Walde who backed Hadid on 5 projects, so Hadid owed him no money

1990 Smithy Bradeon

Brian Connolly, evp said people with play with Hadid again.