The story of Bank of Credit and Commerce International (BCCI) in Data is free and accessible for everyone. Help us to complete our work by making a generous contribution.
BCCI Insights website is the initiative of the BCCI Campaign Committee Trust, a not-for-profit company limited by guarantee (Company Number 13561895) registered in England & Wales, United Kingdom on 12 August 2021.
On 5 July 1991 some western central banks called for the abrupt shut down of BCCI worldwide, amid many controversial allegations and at a time when the bank was technically not bankrupt. In some countries BCCI local operations were not shut down.
A 1992 United Nations Study not made public criticised the way BCCI was shut down by western central banks causing economic damage on countries where BCCI was an important institution.
We are working to record the history of BCCI on this website with information, internal documents, policy manuals. reports, inhouse magazines, personal recollections, photographs, memorabilia and so on that have not previously been available or known to the public.
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The Bank of Credit and Commerce International (BCCI), founded in 1972, grew faster than almost any other international bank, with a presence in 73 countries it was the source of gossip and idle speculation in the minds of the West to perpetuate their colonial mindset. The controversial action was taken by the regulators in the West in shutting down the bank in 1991 when BCCI was honouring all financial obligations and was restructuring its operations must not be allowed to be forgotten.
The work on collecting data and building the content of the website is urgent before records and recollections of former employees and clients of BCCI are lost.
We have been able to add some content, a lot remains to be done. We are sure that there are still hundreds of documents on BCCI that are collecting dust somewhere and are yet to be preserved.
We humbly urge you to contribute generously to make sure that future generations are not blind to the significant contributions that BCCI and the founder have made in banking and to the Third World, before the banking group was controversially shut-down worldwide in 1991.
We request you to give a minimum £15.00, or US$20.00 from time to time, until 2030.
You can also give generously a larger amount.
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Use of funds received
The main purpose of the BCCI website is to collect information and digitally preserve records with your help on the founding, operations, controversial closure and liquidation of the Bank of Credit and Commerce International SA and Bank of Credit and Commercial International (Overseas) Limited, their subsidiary banks, affiliated banks and associated companies (collectively the BCC Group).
Funds received by the BCCI Campaign Committee Trust will be used principally for the following making the website freely accessible to students, researchers, analysts, professionals, and organisations around the world to enable them to form a balanced view of the allegations against BCCI;
- to meet all expenses necessary to complete the development of the website;
- to collect and collate information and data from different sources and build content for the web pages;
- to digitise documents like reports, internal manuals, articles and other written material on BCCI about the BCC Group and the vision of the founder
- to employ copywriters to edit and improve the presentation of content on the web pages;
- to engage persons with necessary skills and experience to carry out research present a fresh perspective analysis on the allegations against BCCI and the vision of the founder;
- to compile a new book on BCCI with the information, facts and documents to provide a new perspective on BCCI and the founder;
- to support researchers and independent film production companies wishing to present the BCCI story with a fresh insight.
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Feedback on BCCI website
The BCCI website from the content posted so far is informative and rather inspirational. It gives a glimpse of what it might have been like for you and others working with the visionary founder and also inspirational to our generation as an example of decentralised management putting people first with humility. Some of the initiatives were truly ahead of its time and relevant to decentralisation nowadays looking to interfuse similar ethos. Hope its purpose can carry on as an inspirational model to our generation.
Sajed Shadani, Computer and Networking, Toronto Canada, 2021