Swaleh Naqvi
British Pakistani white-collar criminal From Wikipedia, the free encyclopedia
Sayaid Mohammed Swaleh Naqvi (1933 – 7 September 2019) was a Pakistani-born British-Swiss banker and convicted felon who was the chief executive officer of Bank of Credit and Commerce International.[1][2] He was convicted in the BCCI banking fraud and served jail time for eight years.[3]
Early life and education
Swaleh Naqvi was born in 1933 in Agra, British India.[4] He migrated to Pakistan with his family in 1947, settling in Karachi.[4] He earned a BA in English and economics, followed by an MA in Persian from Government College.[4]
Career
Naqvi began his career at Habib Bank Limited, then moved to Muslim Commercial Bank, working in East Pakistan.[4] In 1959, he joined United Bank Limited, eventually leading its East Pakistan division.[4]
In 1972, Naqvi left United Bank Limited to assist Agha Hasan Abedi in establishing Bank of Credit and Commerce International (BCCI).[4] The bank expanded internationally, operating approximately 400 branches across 72 countries. It was among the earliest foreign banks permitted to operate in China, where it opened a banking training facility in Shenzhen.[4] In 1978, he was appointed as the secretary of BCCI.[1]
After Abedi suffered a severe heart attack and became incapacitated in 1988, Naqvi was appointed chief executive officer (CEO) of BCCI, upon recommendation from the bank's major shareholder, Sheikh Zayed bin Sultan Al Nahyan.[4][5]
In October 1994, Naqvi was jailed for eight years in the BCCI banking fraud and was fined $255.4 million by a U.S. federal court.[6][7]
Death
Naqvi died on 7 September 2019, in Karachi after a brief illness.[8]
References
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