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Abedi, Agha Hasan

Born: 1922 AD
Died: 1995 AD
Nationality: Pakistani
Categories: Bankers, Businessmen, Philanthropist

1922 – Born on the 14th of May in Lucknow, India.

1959 – Began his career with Habib Bank before independence.

         – He founded the United Bank Ltd (UBL).

1972 – When banking was nationalised in Pakistan, Mr. Abedi founded the Bank of Credit and Commerce International with the Bank of America NT & SA as a major shareholder. Registered in Luxembourg, the BCCI began its operations from a two-room head office in London.

1980 – BCCI was known to have assets worth over US$20 billion dollars under his supervision.

1991 – He was involved in illegal activities which led to the closure of his bank.

1995 – He died in Karachi, Pakistan on the 5th of August.