Thursday, June 19, 2025

QUOTE FOR THE DAY

 


Agha Hasan Abedi (1922 – 1995) was a Pakistani banker and convicted felon who founded Bank of Credit and Commerce International (BCCI) and saw its collapse after one of the biggest banking fraud scandals in history was unearthed. Before his death, he was convicted by the United Arab Emirates court of fraud and sentenced to eight years in prison. Abedi underwent a heart transplant operation in 1988 and died of a heart attack in 1995.

Abedi evolved the concept of Real Management in BCCI that called for a balanced relationship between individual members of the management and between the units of operation in BCCI.

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