Word: frauds
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Dates: during 1990-1999
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...slender former executive of the Bank of Credit & Commerce International clearly feared for his life. Speaking before a Senate subcommittee last week, Masihur Rahman told how a fellow B.C.C.I. official had threatened to shoot him if he exposed the rampant fraud and corruption at the heart of the bank. According to Rahman, the colleague warned him, "I've personally killed people in my life, and I'd use the same...
...order to run for the Senate, Attorney General Dick Thornburgh declared that the Justice Department will issue "far-reaching indictments" within "the next month or six weeks." Stung by charges that Justice was moving too slowly against B.C.C.I., the department seems to be trying to catch up to the fraud, bribery and grand-larceny allegations brought by a New York State grand jury in late July. But some disgruntled law-enforcement sources told TIME that major federal indictments were unlikely anytime soon because Justice probes in Washington and other cities were still months -- if not years -- from completion...
...York State grand jury indicted B.C.C.I. and its two principal officers for fraud, bribery, grand larceny and money laundering after a two- year investigation led by Manhattan District Attorney Robert Morgenthau. B.C.C.I., said Morgenthau, had looted depositors of more than $5 billion in "the largest bank fraud in world history." Named as defendants were Agha Hasan Abedi, the Pakistani founder of B.C.C.I., and countryman Swaleh Naqvi, who had been the bank's chief operating officer. But bringing the pair to trial could prove impossible. Pakistan said last week it will refuse to extradite the ailing Abedi...
Observed a Moscow-based correspondent: "Coverage like this has become a giant fraud -- everybody pretending and writing as if they actually saw something. It's really just institutionalized plagiarism...
...Swiss federal court ruled in December that the money should be freed in one year unless Marcos is indicted in the Philippines on criminal charges linked to the accounts. A day after announcing that Marcos and her three children could come home, Manila filed 29 charges of tax fraud against the family, including 11 against Imelda...