Agha Hasan Abedi also affectionately known as Agha Sahab (May 14, 1922, Lucknow, India - August 5, 1995, Karachi, Pakistan) was a banker and philanthropist who founded the Bank of Credit and Commerce International (BCCI) in 1972. The Bank of Credit and Commerce International (BCCI) that he founded, was at one point the seventh largest private bank in the world. It collapsed in 1991 after regulators in the United States and the United Kingdom foun...
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Agha Hasan Abedi also affectionately known as Agha Sahab (May 14, 1922, Lucknow, India - August 5, 1995, Karachi, Pakistan) was a banker and philanthropist who founded the Bank of Credit and Commerce International (BCCI) in 1972. The Bank of Credit and Commerce International (BCCI) that he founded, was at one point the seventh largest private bank in the world. It collapsed in 1991 after regulators in the United States and the United Kingdom found it to be involved in many illegal and fraudulent activities. Mr. Abedi underwent a heart transplant operation in 1988, and died of a heart attack later on August 5, 1995 in Karachi, Pakistan.
Agha Hasan Abedi was born in Lucknow, India and migrated to Pakistan after the partition of India, in 1947. Beginning his career with Habib Bank before independence, he brought about significant changes in Pakistan's banking culture when he founded the United Bank Ltd (UBL) in 1959. Starting as its first general manager, he quickly rose to the position...
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