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BCCI Banking Scandal #339361

CBS Evening News for Sunday, Jul 21, 1991
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(Studio: Edie Magnus) Report introduced.

(London: Peter Van Sant) Scandal over a collapsed Pakistan-based bank BCCI examined; details given of "The Sunday Times" story that terrorist organization run by Abu Nidal held accounts at BCCI's London branches. Allegations that British Prime Minister John Major is trying to keep a lid on this deepening scandal noted. [Labour member Tony BLAIR - comments.] [Conservative member John WATTS - says the management of the Bank of England was aware of the terrorist link.] "Time" magazine report accusing BCCI of running a global criminal group called the Black Network that dealt in arms, drugs and kidnapping outlined. Labour leader Neil Kinnock said calling for an official governmental inquiry.

Magnus, Edie;
Van Sant, Peter

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