Rest in Peace. He was a great man. I have worked with him. It was a great injustice not to have recognised him till this date.
He created more respect for Pakistanis across the world even in sophisticated financial markets than anyone else in Pakistan’s history. Demonized by the Americans just for being too big and to put him in his place i.e. a thirld-worlder and that too a Muslim.
What a great 95 minutes I spend in single sitting.
Aga Sahib relations with Raja Sahib Mehmoodabad good enough to tell he was revolutionary and humble.
As a third world Muslim he entered a domain where zionist does not allow even their fellow non Jewish Americans (International Banking).
May Allah rest his soul in peace.
You all should NOT have used funny nick names. If you had worked in BCCI or have benefitted from Agha Hassan Abedi, then you all should have some courage to come out openly. BCCI bank was Bank of Crooks & Criminals International, hence known BCCI Bank. BCCI bank was involved in money laundering and all other times of corruption and wrong doings.
Agha Hasan Abedi no doubt helped in setting up Habib Bank and later on United Bank and both these Banks have been very successful in Pakistan. But Agha Hasan Abedi name is actually associated with setting up the BCCI Bank. This is where Agha Hasan Abedi got the international fame. Swaleh Naqvi was also sitting there in the programme, this man was actually No:2 in BCCI. After the collapse of the Bank this Swaleh Naqvi never answered the questions of the Liquidators and said he is medically unfit to answer the questions and he alongwith 7 other Executives were rightly jailed in Abu Dhabi.
Many Executives and Managers escaped from London on fake passports and now are holding top posts in Pakistani Banks even today. As far as money laundering is concerned drugs mafia were transferring money from Columbia into BCCI London Branches and if any junior Employee raised any serious questions, then he was sacked or removed as this happened in 1990 unfair redundancies when 900 hard working poor employees lost the job. Those Employesseven protestedin front of Abu Dhabi Embassy but Agha Hasan Abedi never took this seriously. And when some top Executives who were involved in this embezzlement and corruption asked for their share and when refused by Swaleh Naqvi, they went to Bank of England and reported the wrong doings of BCCI.
A large number of current Pakistani Politicians had accounts in BCCI. I can confirm that Hakim Ali Zardari had account in Leadenhall Branch – London where he had big overdraft limit which was never settled. If any staff of BCCI is reading this then I request them to put up their names here. A very large number of BCCI Executives such as Swaleh Naqvi, Ameer Siddiqi, Dildar Rizvi, Imtiaz Ahmad, Mazhar Abbas, Saleem Siddiqi, Azmatullah, IH Burney etc had their sons at Managerial posts. Nepotism and high level corruption was wide spread in BCCI. The MANAGERS were openly giving business loans to their own relatives and that’s why after the closure of the Bank they all living very happily now. The most sad aspect of all this is that when BCCI was found guilty in Miami Case, Agha Hasan Abedi did nothing to stop these. The corrupt middle management knew that the Bank is not going to survive longer hence they started to rob the Bank in every way.
I remember very well in July 1991 when BCCI was closed, people every where in the world were crying outside the Branches of BCCI, and this is true that thousands of people lost all their savings, families got split up resulting in divorces, shops were closed down and even Masjids lost their ‘chanda’ monies. However there is also a similarity with the NRO of Peoples Party that the so-called Campaign Committee which was set to take care of poor staff actually covered up the wrong doings of the corrupt Executives. It is just like the situation in our country that those who benefitted under NRO are being covered up by others for their own benefit. Nothing has happened to all those top Executives and the middle management they all have escaped Justice. Even today the Campain Commitee still covers up the Executives.
I have very little sympathy for Agha Hassan Abedi.
[...] Not Ranked : +0 / -0 0 score Remembring Sir Agha Hasan Abidi All credit to CNBC to come up with such a nice program, in a society which has a trait of forgetting its national heroes. Must Watch Remembring Sir Agha Hasan Abidi [...]
Wow Mr. Waseemjafree you are really bold enough to write your real name and you have enlightened us with your judicious knowledge and your extraordinary expertise and insight about the bank, BCCI.
Haven’t you heard that expression, “It takes one to know one”? I mean if you think that BCCI stands for “Bank of Crooks & Criminals Incorporated,” and you say that you’ve also worked for that bank, then, based on that analogy you are also a crook and a criminal, right?
When dealing with people like you who pass judgment over others without enough knowledge, I love to use this expression. “If the purblind nocturnal mouse sees not the sunlight, it is not the later to be blamed.”
By writing this: “As far as money laundering is concerned drugs mafia were transferring money from Columbia into BCCI London Branches and if any junior Employee raised any serious questions, then he was sacked or removed as this happened in 1990 unfair redundancies when 900 hard working poor employees lost the job.” You have proved how shallow and trivial your knowledge is about the bank’s operation and how naive you are.
First of all the drug money laundering charges you claim to have started in London when the Colombian mafia was transferring money, you are wrong, because it started in Miami and when that happened, Agha Hasan Abedi was already in the hospital he had suffered a stroke. So, you are again wrong in saying he did nothing.
Secondly, it is another blabber from you to say that the executives of the BCCI went unpunished. I do not wish to names all of them here on this blog, but for your information most of them were sentenced and spent time in jail. Although, no concrete evidence was found against them.
Thirdly, your assumption that the drug mafia were laundering the money into BCCI accounts and the management did nothing. Are you aware of the size of the drug money laundering market? At that time when the BCCI officials were accused of money laundering for US$14 million, the size of the drug money laundering market was $200 billion.
During the same time, when a famous American bank was caught laundering US$4 billion, the leading newspapers printed it in the back pages like a fine print of any credit card company clause or an insurance company’s hidden clause.
The funny thing is, the newspaper quoted that the American bank’s cashier mistakenly accepted the money, $4 billion, mistakenly accepted? Whereas, in case of BCCI they said, the bank’s senior executives were involved.
The US government could not prove the BCCI officers or managers as guilty in that case and they held them in jail for several months/years and then, they had to release them. Also, they made an outside the court settlement to close the case and its branches in the US. Which was BCCI’s biggest mistake because, then, they used the Bank of England to shut down the BCCI in the UK and it triggered at a global basis.
This was definitely an organized and an orchestrated move to stop the 7th largest privately owned bank in the world, operating in 72 countries with over 400 branches. The main reason was it was Arab money and Pakistani management.
As regards irregularities, there is not a single bank even today that can claim to be free from irregularities but, to shut down a bank on the basis of insufficient capital or minor irregularities is more serious than what the authorities claim to have done.
Barrings Bank had more irregularities and they blamed one man Nick Leeson for a fraud of 850 million dollars and saved the bank from going bankrupt by saying, it is a 220 years old bank and they bailed it.
Sumitomo Corporation, billions of dollars fraud by their employees, only one man Hamanaka was made responsible and they bailed the bank out.
I don’t want to mention the current and the recent past banks and huge corporations like Enron and others that went bankrupt due to irregularities and the former chief of NASDAQ Bernie Madoff created history by embezzling 50 billion dollars.
Finally, you may show little or no sympathy for Agha Hasan Abedi but, the fact is there are more than 14,000 families who are grateful to him for creating employment for them and hundreds and thousands of small businesses that may have never flourished without the BCCI, they will salute him for what he has done.
Some Pakistanis are notoriously famous for being thankless and for backstabbing their own people, so I am not surprised that some people still hold grudge against a man who did so much work for the banking industry.
I would like some of the former employees of the bank to express their honest and sincere views here and give Mr. Abedi the due that he deserves.
Obviously, like Tariq Ali- the pseudo intellect (in case you guys do not know) has had a sense of depravation of being excluded from the BCCI Club- perhaps he was also not hired (or funded)!
What a load of Goat’s S…the Bull excrement would be too good for this chap!
No facts but narrative by the ton, copied from Newsweek! What a brain!
Get a life man!
Please try to understand that AHA was not only a great Pakistani, but also a Great Global thinker.
Great global leaders, far beyond your capacity, acknowledge this.
It may be difficult for your cloned brain to understand such complexity of Truth…but please try!
Resist exposing your immature thinking on the net with inaccurate ‘so called’ facts.
Your ‘facts’ are inaccurate, if I was Alan Shore, I would sue your ass!
Perhaps I will…but I am sure that you have nothing to settle with in terms of assets, in case you lose, perhaps, old copies of Newsweek could be offered…please keep them…!
The days for you weasels are over!
Please also come out with the truth…
When were you rejected by BCCI?
Why is your sorry self so angry, and what about?
Come on Waseem….as a guardian of verbose Goat S…you must tell us more…no?
To sum up I will say that people like Agha Sahib are born in centuries. He was a leader, a creator and a visionary. Many of us, including myself will always remain indebted to Agha Sahib. I see no one who has the ability to build an organisation like BCCI. The reason for closure of BCCI by Bank of England was politically motivated and not due to fraud or liquidity problems. Now the entire banking system in Europe and USA has collapsed because of violation of regulations and fraud. No one has been charged on the contrary the governments have bailed them out. Just ask yourself why????
Well I was among the very few who fought in the courts for nearly 13 years against BCCI Liquidators, English establishment, Bank of England, UAE government etc and eventually won the case for BCCI staff globally. None from the senior management of BCCI came forward to support us.
Unfortunately you invited some of the disgruntled people to the forum; this is a disgrace to Agha Sahib.
Yes, indeed a person like Agha Saheb is born in centuries and he was not just a visionary but, a realist too. Because, he was able to translate his dreams into reality. His farsightedness and vision to establish BCCI as a global bank was due to his prescient ability to see the future, with the arrival of ZA Bhutto in power and his decision to nationalize the banks, before anyone could foresee that, Agha Saheb decided to move out of the country and established BCCI in 1972.
It was very hard for anyone to comprehend the immense talents that the humble man possessed, even more difficult was to imagine how gentle and yet so aggressive he was in building the so-called empire of the banking industry.
I had always wished that had he created a successor like him, the bank would have come out of the woods. Perhaps he thought he did, but there was a tussle for power from within the establishment and he knew about that but, he had little time to resolve that issue.
The unfortunate thing that happened was a sudden stroke that caused paralysis, speech impairment, loss of memory and his reasoning ability. After the stroke Agha Saheb survived for a few years but, he was not the same Agha Saheb. When he died, not many people were there to mourn him, but when he was in power, the whole world was eager to see him and meet him.
To blame Agha Saheb after his death or the death of the bank because people lost money, is a shameless act. How can he be held responsible for that? ‘Every person reaches to his level of incompetence’, he became incompetent because of his health.
Agha Saheb did not fail in fulfilling his goals and his achievements, the people of BCCI failed him, they were not able to see the circumstances that were engulfing with problems and dangers around them. They did not have the ability to cope and deal with such problems, which were not banking problems but political problems.
I feel sorry for the disgruntled ones like waseemjafree who lost all his “Chanda” money which he was collecting from mosques to establish his personal business and lost every penny.
Ps.
Spread your “Chaddar” or bring your “Kashkole” waseemjafree and here are my two cents for you. Don’t give up and don’t lose hope.
There is a very good similarity between our current Zardari’s Govt and the corrupt middle management of BCCI Bank. All those who benefitted under Benazir/Musharraf NRO are now praising and supporting Zardari and similarly those who were involved in widespread corruption in BCCI are still praising Agha Hassan Abedi even after 20 years of closure of BCCI. This is called solid loyalty. We all know despite of all survey’s that Peoples Party and Gen Musharraf are not popular in masses but look at their ministers, MQM supporters, PML-Q supporters….all those who benefitted under NRO , openly praises Zardari and Gen Musharraf. This comparison fits very well with the surviving Executives and the Managers at middle Management Level. Even today, those who benefitted under widespread corruption still praises Agha Hassan Abedi. The success of Peoples Party and BCCI lies in their utter blind supporters. Let there be no doubt that dishonest and corrupt people like Gen Musharraf, Zardari and Agha Hassan Abedi will always be popular in Pakistan. All these comments which have appeared here are by the loyal servants of BCCI. All the comments which have appeared here did not mention that Hakim Ali Zardari had a huge overdraft facility at Leadenhall Street Branch which was never settled. Ask any BCCI staff member that should there be a case against Zardari in the Swiss Courts for recovery of $60 million, his answer will be NO. Because corruption, dishonesty was in the blood of a BCCI employee.
BCCI was corrupt from top to bottom and BCCI was dishonest in every aspect of Banking. The most dangerous of all was money laundering and I repeat some customers were bringing large sums of cash, and in case someone does not understand what does ‘CASH’ means then let me tell you all once again the cash was brought in Dollar notes and I mean hard cash……yes hard cash. Which branch…….Oxford Street Branch, I am not saying Oxford Circus Branch or Piccadilly Branch or Wigmore Street Branch, I am saying O-X-F-O-R-D Street Branch, which was situated next to Dixons Store close to Tottenham Court Road Tube Station. And no one can deny that. And if someone comes up to me with the argument that ‘When you knew that there is money laundering going on then why didn’t you left the Bank or informed the Authorities. The answer is when you were a poor local cadre employee and not in the so-called International cadre and when you are living hand-to-mouth then there is nothing much you can do. (This is another very bad example of high level nepotism in BCCI that their son/daughters/relatives were given the perks of International Cadre). However there were only two or three employees at the Junior level who brought this to the attention of Internal Inspectors and Auditors but only to find out that the Internal Inspector and Auditors were either relatives of the Executives and working as spies for Executives.
Some Officers who had differences with the top management or those who were honest and hard working were side-lined immediately and they were laterally kept in a side-room like solitary confinement, e.g. Fakhruddin Burney.
I mentioned in my above article the names of some Executives of the BCCI Bank and the name of Abdul Hafeez can also be added to that because his son too had a Managerial Post in the BCCI. And in the last few years the Executives started marrying their son-daughters, e.g. the daughter of Ameer Siddiki was married to the son of IH Burney, and All sons, yes all sons of IH Burney held Managerial Posts in BCCI. The son-in-law of Mazhar Abbas was brought to London, son-in-law of Azmatullah was given a Manager post in Hong-Kong…..the list continues. Only recently one of the Executives, Saleem Siddiqui died in London, this fellow was also responsible for making forced redundancies in 1990, and upon hearing the news of his death not a single tear was shed and the same will happen to other Executives as well.
This is not true that the closure of BCCI was a conspiracy against Muslim or Arabs. BCCI was insolvent and was going to collapse very soon, but the downfall started when 900 very poor and innocent people were made redundant in 1990. Although I was not made redundant in 1990 and none of the sons of Executives were made redundant, I was at the Bank till July 1991 (because I had connections in BCCI) but now today when I sit back and really think that the downfall actually started in 1990. Because two or three very junior staff who were made redundant in 1990 went to Bank of England and reported about the wrong doings of BCCI. And then the Head of Group Accounts when he DID NOT got the golden hand shake also went to Bank of England and gave his account of events……and this is how the downfall of the Bank started. I always feel that had the Internal Auditors and Internal Inspectors carried out their jobs honestly and truthfully the Americans and British would have never closed BCCI.
Again some very loyal and faithful dogs of BCCI will appear here with their comments but now it is all history. Because as I said above that the ‘LOYALTY’ of a BCCI officer is unquestionable.
And lastly if Ziauddin Akbar, Asif Baakza, Imran Imam are reading these lines, and if you lot have not done anything wrong then come out fair and square and say who was responsible. (For the benefit of those who don’t know who these individuals are then let me tell you all these were jailed, but they have never told their side of the story.
ضیاء الدین اکبر – آصف باکزا اور عمران امام اگر تم لوگ یہ پڑھ رہے ہو تو بچو سچ بتاؤ کے اصلی کہانی کیا ہے اور ابھی تک تم لوگ خاموش کیوں ہو -
Mr. Waseem Jafree, your analogy or your comparisons of BCCI with the current government of Pakistan is absolutely ridiculous and absurd.
I don’t even want to say anything on that subject. Except, for the last line of the first paragraph of your comment where you wrote: “corruption, dishonesty was in the blood of a BCCI employee.” And, you not only admit that you were the employee of BCCI but, you also confirm of having connections (that is what you wrote in the last paragraph of your comment.)
So, by virtue of that, you are admitting that you are a dishonest, corrupt and a well connected employee of the bank. And you did not exclude anyone, you said, “from the top to the bottom BCCI was corrupt.” So, were you working as an employee of the BCCI or were you the invisible Angel of honesty?
You are cribbing about your employment cadre, that you were in the local cadre whereas, only the sons, daughters and relatives of the executives were given the International cadre. This is a very wrong assumption because, there was a training centre and selection programme where fresh graduates and post-graduates were selected and trained at the various training centers mainly from Karachi. There is nothing wrong in it. And they were several hundred officers selected in the international cadre.
Also many experienced bankers from different banks, not only from Pakistan but, from India were hired and posted in different countries, among them many of them were Hindus, who were not related to Mr. Abedi or any of the executives.
The bank was new, it needed experienced bankers and, the newly trained officers were posted internationally after the completion of their training. Like any other bank or a multinational organization when they start a new branch or a new office in a new city or country, they hire experienced local staff and then bring a few experienced staff from their country.
If you have worked in any international corporation you wouldn’t have talked like that, for e.g., go to any Japanese company or a bank in London like, Bank of Tokyo, Mitsubishi Corporation, Marubeni Corporation, the Japanese staff is working in a different cadre than a British employee. You cannot hire every single personnel from the country of origin of that bank or the company.
You think a cashier, clerk or a secretary will come from Japan to work in London? Do you think the home office will give them work permit? You must be living in a “Cuckoo-Land” to think like that. Actually, you seems to be suffering from a bundle of complexes for being a clerk in the BCCI.
To be a clerk is not a taboo, but to live all your live with that clerical mentality is “disgustipatingly” pathetic. It proves that you have never been able to grow and now that the bank is closed you are airing your frustration against the founder of the bank. What a shame.
Let me give you an example of how people grow and accomplish, I will give you an example about a person from the same bank. Have you heard of Ashraf Nawabi? He started his banking career as an LC clerk-cum-typist. But, with his, determination to succeed, with his honesty, dedication, hard work and the desire to succeed he managed to reach one of the top positions of the bank. He was General Manager of the entire Middle East region and a member of the management committee of the bank. And, he didn’t have his father or uncle working for the BCCI, he hails from a very small village in Pakistan. He was one of the first few employees of the BCCI in Dubai.
This TV program “Remembering Agha Hasan Abidi” is also about how people from very humble background can grow and reach to very top levels. And, Agha Hasan Abidi does not need your sympathies, he passed away almost two decades ago. The hundreds and thousands of people who benefited from him shall be praying for his “maghferat” and that is more than enough. It is like the Sadqa-e-Jariya that he is getting and people like you when you will depart, no one will ever know or utter your name.
Instead of concentrating on your job and making your assignment grow, you remained a prisoner of your own mind. There are people whom you give an assignment, they make the assignment grow and they grow with it. There are people whom you give an assignment they work within that assignment like drones and, then there are people whom you give an assignment and they make the assignment shrink with their small mentality.
The first category belongs to the leaders, the second one belongs to workers, the third one belongs to losers. So in which category do you fit in? I am sure you know this much.
Your example of cash dollar deposits in Oxford street branch, (perhaps the one where Hashim Raza Rizvi was the manager) are highly exaggerated and it seems you are not aware of the foreign currency deposit accounts? It was and still it is a common practice to have local currency and foreign currency accounts.
Owing to very high interest rates of US dollars (as high as 21% in the early 1980′s) customers, small investors, small businessmen who used to open LC’s in US dollars were not converting their US dollar. Because, you lose on the exchange differential and also the interest rate of local currency was low.
As long as the bank was reporting the cash deposits to the authorities it is perfectly a legal transaction. If you are implying that those were drug money laundering transactions, then you have to substantiate your claim with the size of the transaction and a proof that the bank was NOT reporting. I am sure you won’t be able to do either of it.
Once again your knowledge of money laundering business or the size of money laundering market is very shallow and trivial. Like, some ignorant blokes in the Middle East when they heard of drug money laundering, they thought that the Bank was opening LC’s for shiploads of cocaine! One can only laugh at their and your naivety.
In my previous comment, I mentioned that the global drug money laundering market at that time was US$200 billion and BCCI was accused of only US$14million. Now, BCCI is closed since the last 19 years, now the money laundering laws are much more stringent than two decades ago. Do you think now money laundering does not exist? Not only it exists but, the size of the market has increased many folds. Despite more strict and stringent laws the market is growing.
All you can do is crib like a baby whose feeder has been snatched by a bully. Grow up Mr. Waseem Jafree and come out of the well where you have been dwelling all your life and croaking like a toad.
I am sorry to hear about the sad demise of Mr. Saleem Siddiqui, he was a very fine, honest person. And, I never said, that BCCI was full of ALL SAINTS, there were menace like, Ziauddin Akbar and Asif Baakza, compared to Nick Leeson and Hamanaka they are a small fry. Yes, there was extravagance and careless spending in the life style of some of the BCCI executives, but not all of them were corrupt and dishonest like you think.
As regards BCCI’s liquidity ratio and its capital, you are wrong that, “the bank was insolvent and was going to collapse very soon.” The liquidity ratio was very high, much higher than most British and American banks. The Capital was also very adequate, yet on Bank of England’s demand to inject US$650million dollars in to the Capital, funds were transferred from the government of Abu Dhabi (because they own the majority shareholding of the bank) and that surprised the Bank of England and, they said it was a mistake, the bank needs to inject additional $650 million in the Capital. Within a week, even that amount was wired, a total US$1.3 million in increase was not enough for them and they closed the bank the next day after receiving the second wire transfer.
There was not a single sign of bank’s insolvency because, not a single cashier’s cheque or pay order, bank draft or, LC was returned or dishonoured by any bank, nor a single bank guarantee was called back, So, how can you say that the bank was insolvent or on the verge of bankruptcy?
This Mr. Jafree is a political conspiracy to shut down the bank on very trivial grounds and without any reasoning. Since you are in London or you have worked in London, you must be aware that after the bank was closed, every single account holder in local currency i.e., £ Sterling got immediate payment for £15,00 0 or less. Because most of the pensioners and retirees were affected as the pension fund account valuing for over £ Sterling 175 million was with BCCI. That was a move from the UK government to exclude the locals from losing their money.
Finally, about the international auditors whom you label as honest and dedicated, two decades ago the Gora auditors got away by blaming BCCI for maintaining inappropriate books. And when they tried to do the same in the US i.e., when Enron and other giants collapsed these very auditors tried to save their ass by making similar excuse. But, the authorities made responsible and penalized for negligence. So, there is a clear example of their double standards.
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I am putting this question once again to Ziauddin Akbar, Asif Baakza and Imran Imam that if you people have not done anything wrong then come out fair and square and tell us what went wrong and why were you people jailed. I personally spoke to you people in the Court and just to remind you that you people were crying in the Courts and when I said crying I mean practically and truly crying in the Courts and you said to me that you people were made scape goats. Let me remind you the Courts did read out the benefits you people got form BCCI and how many of your loans were written-offs. Now that all your beloved Executives are living in London and some living in Pakistan happily, and still a large number is alive including Swaleh Naqvi, then we want to hear the truth. And I pray that all these remaining Executives of BCCI will die with cancer.
BCCI was corrupt from top-to-bottom and every inch it was a corrupt Bank only Executives and their Sons and relatives who were employed by Agha Hassan Abedi benefitted very well from BCCI. This is 100% true that BCCI was involved in Money Laundering and yes it was drugs related money laundering. In Oxford Street Branch from 1986-87, the dates are correct repeat the dates are correct (thats why the Bank was closed) and the Group In Charge was H…..An…..who left in June 1990 with hefty package. Again those who have not watched this programme so far then let me tell you that character named ‘Tariq Fawad’ sitting there is nephew (bhaanja) of Agha Hasan Abedi.
The only interest now left in BCCI saga is if Zia uddin Akbar, Asif Baakza and Imran Imam take the courage and tell us the truth and tell us your side of the story. As I said in my last articles that there are many faithful dogs of Executives and they still appear here and write in their favour.
میں ایک بار پھر ضیا الداین اکبر – آصف باکزا – اور عمران امام کو کہتا ہوں کہ بچو- تمھاری اندر سے پھٹتی کیوں ہے اور اگر کچھ نہیں کیا اور ہاتھ صاف ہیں اور اپنے باپ کی اولاد ہو اور کسی حرامی کی اولاد نہیں تو پھر بتاؤ بینک میں کس نے تم لوگوں سے یہ کام کروایا تھا – اور اگر تم لوگ نہیں بتاؤ گے تو ہم تمہاری اولادوں کو تمہاری حقیقت بتائیں گے – ہم سے بچ کر نہیں جاؤ گے – بچو یاد رکھو آخری وقت میں آغا حسن عابدی کی موت بھی بڑی خراب تھی – کیا تم بھی ایسی موت مرنا چاہتے ہو -
And if you three are really scared of these Executives then this Forum is open for you people, so have some courage and put up your story here. And if you still have a greedy mind then sell your story to the Newpapers…….but tell us the truth. Otherwise out BAD wishes will always be with you people.
ہماری بددعا تمہارے ساتھ ہمیشہ ہو گی -
I agree that the downfall of the Bank was actually started by 3 very Junior officers based in London (they were completely innocent) and were made forced redundant. This is also true that they have never hidden their anger and have openly expressed their anger at every platform. However their efforts got the boost when Masih ur Rehman informed the British Authorities (in Nov 1990) with more concrete evidence.
I can say that Executives (and Agha Hasan Abedi) who promoted the lavish culture in the Bank actually axed in their own foot because it was a common practice in BCCI that whenever any Executive will leave all his loans, overdrafts and mortgages will be written off……and this is what precisely Masih ur Rehman wanted but instead Mazher Abbas-Ameer Sidikki-Zafar Iqbal Chaudhry -Saleem Siddique gave him a cheque for only yes for only £26000 whereas he was hoping a cheque for £1million.
I think it would be a good idea that those Executives who are living in London and Pakistan should get toghther and have an open meeting with the Staff and explain their position with a Question-Answer session. In the programme Swaleh Naqvi appeared to look very fat and healthy.
You cannot call Ziauddin Akbar as an innocent guy, he definitely misappropriated the bank funds, established his own company called, “Capital Commodities” or Capcom for short, embezzled and siphoned funds from BCCI into his company. But, to say the downfall started by these three individuals, Akbar, Baakza and Imam is just a consolation to your reasoning. But, that is not a justification to shut down the bank.
As regards Masihur Rahman acting as a mole in the organization, yes he did inform the BoE about some of dubious transactions the bank made in writing off the bad loans. Once again that is also not something for them to take such a severe action, unless the motive was there to find an excuse and shut the bank.
Compared to what Nick Leeson did, Ziauddin Akbar’s fraud and embezzlement amount was no where near in terms of the size of the fraud. Leeson was jailed but, Barrings Bank was not closed, in fact it was bailed out by EU. Similarly, Hamanaka was jailed but, Sumitomo Bank or Sumitomo Corporation was not shut down.
Even then (1991), and as of today there are hundreds of top banks and organizations in the world who maintain two set of accounting books and none of them are closed for that offense.
The lavish style of the BCCI executives have been talked about too much because, Pakistanis in general cannot tolerate others getting richer. Neither the gora’s can digest it. I am not defending those executives, what they did towards spending extravagantly is wrong but, once again such is the corporate life in more than 95% of the big organizations.
Haven’t you heard about the perks enjoyed by the American bankers? The typical pay for a CEO at big U.S. banks and companies now tops $10 million, or roughly 200 times the average American household’s income. PLUS, they have huge perks, use of a jet for regular commutes to work. Exclusive club memberships, which the Pakistani or even the Middle East bankers cannot even dream of.
I am a Banker for the last over 33-years but never worked for BCCI.
As a neutral I can say that this guy Wassem Jafree can only be a sick person cerrying loads
of malice in his heart.Cant believe a person cursing all the ex-executives of BCCI irrespective whether they have done anything wrong or not.I have known in my personal
capacity some of these ex-executives of BCCI and other staff members and can say without
any hesitations that it was my good fortune to have known these extremly kind and thoroughly nice people.Even before joining BCCI they used to command lot of respect in Banking community.I am sure that Mr.Jafree has earned a decent living while working for
BCCI and should be thankful for those years as GOD made BCCI a source(Zaria) for him to earn his living through that Bank.
My sincere advice to him is to go and see a Doctor.
You really don’t know who is whose relative? For your information Tariq Fawad is not Agha Hasan Abedi’s bhanja or nephew. He is not even remotely related to him. Tariq’s wife was supposedly a “moo boli beti” of Agha Saheb. And, I am pretty sure about this.
Tariq Fawad was a mediocre banker in Dubai, he was an officer, later he was transferred to Nigeria and when he become manager of a branch, reportedly he received expensive gifts from his clients. That is the reason he reportedly became so rich. Personally I don’t know but, this is what I heard. But, I don’t want to spread this as a rumour that he was corrupt and he was Mr. Abedi’s nephew, not at all.
Accepting gifts from customers is nothing unusual in the corporate world, customers do give gifts to their bankers on Christmas and New Year, especially in Nigeria they say that to earn favours and to be in the manager’s good books they used to give them gifts, which is more like a bribe but, in a glorified way. And, I don’t approve of that. Do you think because of the act of a few corrupt managers or a few corrupt executives like, Allauddin Shaikh, the bank deserved to be shut down?
Why are you so bitter? You sound like an old widowed, frustrated grandmother whose feet are dangling in the grave yet she doesn’t realize that life is worth enjoying every moment you live. She is neglected by the entire family because of her badmouthing and foul language 24/7 to everyone. That is exactly what you are doing.
Your curses directed at the future of the BCCI executives and your wish that, they die of cancer is a very ill gesture and it highlights the state of your mind. Besides, you should also know that cursing someone like this is not something that your religion teaches you, it is against the teachings of Qura’n and Sunnah.
As regards Ziauddin Akbar and Asif Bakzaa’s crying in the court, many people shed crocodile tears and if they did then, to save their skin it only shows their character and their upbringing. Right now they must be enjoying life unlike you.
Agha Hasan Abedi was a man of great exemplary character, if someone says he was corrupt, he should first take a peep in his own “Giraybaan” and check out his conscience and make sure that he never did anything wrong. Then, he has the right to accuse Mr. Abedi. I don’t think there is anyone who has a clean conscience. So, it is better not to talk about others’ wrong doings.
As regards Swaleh Naqvi, if that person was corrupt and made hundreds of millions of dollars, where is it now? Why is he not spending now? He served his sentence, spent years in prison. He is in Pakistan now and he can take out the so-called hidden millions of dollars that he embezzled and spend it now. In Pakistan there is no law according to you and there are crooks and criminals who are having a good life, so he should also not be afraid of doing that.
Why is it so that Mr. Swaleh Naqvi’s children are doing ordinary jobs for the last 20 years? Nadeem Naqvi may have been selected in the bank because of his father. But, do you think he was incompetent? He was and he is far superior than many, many senior bankers in terms of professional knowledge and academics. And, the last time I heard about him, he was hired by a big American Investment bank. Why would they hire him if he was incompetent?
You should be grateful that you got a job in BCCI be it of a clerk or a cashier, otherwise you would have been living ALL your life on social insurance and cursing the British Government and it’s policies on social insurance.
OK, Baba Ji you can use a nickname because you are of course one of the faithful dogs of BCCI Executives. You can not match up with our strength and vigour (of June 1990 Staff) and how OPENLY and BOLDLYy we stood up in the Brent Town Hall, inside the Courts and outside the Courts on the streets, in front of Lord Bingham Committee, and in front of Abu Dhabi Embassy. Yes, you can use nick name because you are ‘khusra’.
You have advised my to see the doctor……….What advice have you got for Zia uddin Akbar, Asif Baakza, Imran Imam and Jameel Khan…………Baba Jiiiiiiiiiiiiiiiiiii.
@Believer
========
In your comment posted @6.58 pm you say that you have no relation with any of BCCI people, then what is your problem…….
بھائی صاحب آپ کو تکلیف کس بات کی ہے – ہم نے آپکی والدہ ماجدہ کی شان میں تو کوئی گستاخی نہیں کی ہے – ہم تو صرف ضیاء الد این اکبر – عمران امام اور آصف باکزا سے حساب مانگ رہے ہیں – آپ کو درد کہاں ہو رہا ہے – آپ اپنی پریشانی بتائیں-
@Javaid Ali Khan
============
Since my comment has appeared about Tariq Fawad, I have now received 4 calls and two of them from Harrow Area, that Tariq Fawad is genuinely ‘bhaanja’ of Agha Hasan Abedi and he had one brother-in-law in London. But the main thing is only I pointed out this ‘bhaanja sahab’…….you never gave a hint in your first comment on 4 March/@7.47pm. This is what I precisely mean by faithful dogs of BCCI Executives.
N.B. I am gathering more information on Alauddin Sheikh and Capcom Business, and I will come back to you within few days. If any of the BCCI Staff knows more about Zia udddin Akbar and Alauddin Sheikh, then I request you to put up comments here. Because I did not work in the MARKETING Dept or Dealing Room. However, I do remember about Alauddin Sheikh that he was very fond of Havana Cigars.
I thought you are Waseem but, I just realized you are Wassem, anyways I am sorry for misspelling your name earlier but, I am not Javaid, I am Javed Ali Khan.
You are ridiculing others for using nick names on the blog but, why are you shy of not telling us about your designation or your job assignment and the location where you worked in such and such department, branch. And in what capacity?
Also, you are blatantly mentioning the names of a few of the executives but, there is one you mentioned in abbreviation “Group In Charge was H…..An….. who left in June 1990 with hefty package.” What is the secrecy here? Or, are you afraid of him or, being loyal to him?
You should stop using the word “dog” in your comments. It only reflects your nature and character, I can see you have no sense of humour but, by using such derogatory words and that too repeatedly you think its funny? No it isn’t funny at all. It only shows your frustration or, should I say your upbringing? Because you have stooped so low in one of your comments you wrote in Urdu, you dragged someone’s Walida Majida for no reason.
Regarding Tariq Fawad, not only I, but most people in Dubai know that, he is NOT Agha Saheb’s nephew. In fact in one of the meetings in Dubai, Agha Saheb mentioned about Tariq Fawad’s wife as a small girl who grew up in their house (but, she was not his daughter or niece or even remotely related and he mentioned that because, Tariq Fawad had invited Agha Sahab that evening for dinner at his house by reminding him about her.) and he is going to see her that night.
But, that night Ashraf Nawabi kept Agha Saheb so busy in meetings with the royal families of Dubai that Agha Saheb never got to see that little girl who made dinner arrangements for his Mohsin and Tariq Fawad stood outside his house for several hours to greet Agha Sahab who did not arrive.
Whoever your sources are, they really don’t know the truth. Now, forget about it. It is not important. Neither it is important for you to challenge Ziauddin Akbar and the two other musketeers to comment on this blog.
And, you are not the only one who talks ill about Agha Saheb or the BCCI executives and the Bank itself, there are quite a few frustrated and failed people like you.
Since the bank is closed every Tom, Dick and Harry is taking a shot to defame the bank and its staff and naive people like you who do not have the facts and figures believe the media reports and think, there is definitely something more than what meets the eye.
Yae Duniya ki reet hai, this is what people do, Murr tay ko maaro, aur charhtay suraj ki pooja kero. When the media makes such orchestrated and organized propaganda against the Bank and the Executives, the masses start believing it as the truth. But, the truth is they don’t know the truth and YOU jafree jee, you cannot handle the truth. So, you better let it go.
You should forget about BCCI and say:
Duniya nay teri yaad say baygana ker diyaa
Tujh say bhee dil-faraib hain ghum roz gaar kay.
I just realized that in the TV show above, Tariq Fawad himself talked about how he was interviewed by Agha Sahib, and he said, Agha Sahib asked him his name, his father’s name and where his father works and for how long? If Tariq Fawad was Agha Sahib’s nephew, would he have asked all that? It proves that you know nothing. Perhaps you don’t know anything about yourself.
I have received several phone calls today regarding Alauddin Sheikh and the Company Capcom and I have asked for some further clarification and I hope by Friday I will be able to compile and hopefully on Saturday I will put up my comment here. If someone has got some more stories to tell then please use this Forum or they can contact me directly.
Regarding Tariq Fawad–the bhaanja of Agha Hassan Abedi, many people have expreesed their deep anger that you have only come up with the explanation after I disclosed his true indentity. One very close friend of you described you as an big Idiot because in your own words Tariq Fawad was a mediocre Banker and he accepted gifts and bribes from Clients in Nigeria. And yet this person was invited in this programme and you people are very happy and excited to see him praising Agan Hasan Abedi. [Your comment of 09/3/10 @ 8.29 pm]
Regarding comment of Mr Believer (again bloody nickname and sounds like your second ID) is saying in his own words that he had no relation in BCCI then again I would say:-
…..then again I would say -بھائی تم کو کس با ت کی تکلیف ہے آپ اپنی پریشانی بتائیں – درد کہاں ہو رہا ہے یہ بتائیں -
Ziauddin Akbar, Imran Imam , Asif Baakza and Jameel Khan still owe us a very clear explanation….particularly Imran Imam because the Court in London said his £1 million loan was written off, surely I would like to know the name of the Executive who sanctioned that and now sitting in London. I hope some of them will put up a comment here.
Ha ha @ “my close friend in London who calls me an idiot.” Btw, I don’t have any close friends in London. Another ha ha at your phone calls and the way you drop lines by saying how people call you to express their feelings to you as if you are their boss. Do you consider yourself as a Don of London or what?
From your writings, anyone can see the phobia and the fear of your tragic past which is imbued in your psyche and, it is so obvious in your personality and the way you are blabbing is like you are suffering from anxiety, fear from people or, an object or situation in your life that is so tormenting that you get nightmares.
You definitely need a therapist to shape and correct your behavior through a variety of processes known as conditioning. Don’t be afraid your phobia is curable. There are a few popular techniques that includes systematic desensitization which is generally used on patients suffering from anxiety and fear that needs to be broken of unhealthy habits such as yours. You need a shrink, perhaps he will put you on methadone to make you more methodical and wise.
And please stop croaking like a toad, come out of that dry well in which you have trapped yourself, there is a whole world out there.
To: All Lovers of Executives/The Bank for Rizvis, Alvis, Zaidis, Bokhharis, Naqvis, Haideris
==============================================================
I have now received several phone calls in the last few days and based upon the information I hold and given by other people this is true that Tariq Fawad is bloody bhaanja of Agha Hasan Abedi and the other ‘saala’ (brother in Law) is still in London, and both of them running successful businesses. Thanks to all stupid lovers of Executives for making the lives of ‘bhaanja’ and ‘saala’ very comfortable. But please remember, only I uncovered the secret of this ‘bhaanja’, because the ‘saala’ is already well known in London.
Lots of people have commented that I should not use the word Executives because like this Agha Hasan Abedi looks lesser of an evil. So I would to clarify here and for future comments that when I use the term ‘EXECUTIVES’ this includes Agha Hasan Abedi, the second line Senior Managers like Rasheed Velmi, Akhlaque Hussain and the other Exexutives those who have died e.g. Saleem Siddiqi, Akhtar Anees etc.
As regards Alauddin Sheikh, many people think because A Sheikh was highly paid in BCCI so he left like a fat cat, and he didn’t care much about the Executives, but he is NOT in London nor he is in Pakistan, he is hiding somewhere else. One person of Central Marketing is returning to London next week and he will give few more details about Alauddin Sheikh. But some think that this is an attempt by the remaining Executives to divert attention, but more details about Alauddin Sheikh are still coming in.
However many people have asked me to include the name of Jameel Khan together in the list of Zia uddin Akbar, Imarn Imam and Asif Baakza. Because Jameel Khan took about US$500,000 from Grand Cayman Overseas A/c controlled by Central Credit Division in London. The relatives of Jameel Khan say that when Jameel Khan returned to Pakistan he paid the share of the Executives into their Accounts, hence Jameel Khan was let-off without any questioning.
As far as Capcom A/c is concerned again there was a Credit Line approved by the Central Credit Committee based in Cunard House on Leandenhall St in London. Executives allowed this Credit Facility (which was controlled by Zia uddin Akbar) but all Executives were getting their own share. This account was not spotted by the External Auditors at that time because it had a proper approval by the Central Credit Committee.
Beside this many other examples of Fraudulent Credit Lines have been reported but all these had the approval of the Central Credit Committee (which comprised of Imtiaz Ahmad, Abdul Hafeez, Ameer Sidikki, Akhtar Anees, Swaleh Naqvi, Saleem Siddiki, Dildar Rizvi). In fact anybody with a name of Alvi, Rizvi, Naqvi, Bokhari, Zaidi, Haideri…. was a member of the Management Team.
BCCI was corrupt from top to bottom. Sometimes I believe that Asif Zardari may have got training in BCCI before he got married to Benazir. Please remember that Hakim Ali Zardari did have a huge overdraft facility at Leadenhall Street Branch which was neve settled.
I repeat again that its only upto Ziauddin Akbar, Imran Imam, Asif Baakza and Jameel Khan to tell us the truth. I appeal once again to Zia uddin Akbar, Imran Imam and Asif Baakza to use this Forum and tell us the truth that which are the Executives who have benefitted from their fraudulent Activities. Otherwise there is no shortage of Executive Lovers, and their loyalty is unquestionable and they are really die hard supporters of Executives. I only pray that the remaining Executives now living in London and Pakistan die with Cancer.
You and your sources are like, “Kya Piddi, Kya Piddi Ka Shorba.” I don’t hesitate in debating or discussing with normal people but, with you it is a waste of time. Because, you are a sick sociopath. Leave aside responding to your future braggadocio, I am not even going to visit this blog after submitting my last comment. Keep croaking like a toad.
The programme was not about Agha Hasan Abedi, what thrilled Staff was the appearance of Bhaaaaaaaaaaaaaaanja because he is ‘nishani’ of Agha Hasan Abedi. We knew about this ‘saaaaaaaaaaaala’ in London but Staff is really happy to see this Bhaaaaaaaaaaanja, despite the fact that he was corrupt and took commisions in Nigeria.
Hopefully within few days more news about Alauddin Sheikh.
And please keep putting up the health bulletins about remaining Executives in London and Pakistan.
All sorts of truths, half truths and slanders are flying so let me clarify a couple of matters.
1. Tariq Fuad is the husband of one of the nieces of AHA’s first wife. AHA divorced his first wife 4 or 5 years before BCCI was formed.
2. AHA’s saala, Zahid Kasim, brother of AHA’s second wife was sitting right there is the above program.
It is obvious that Wassem Jafree is bitter about some wrong, real or perceived, perpetrated on him by some officer or executive and his life has been unhappy since that incident otherwise he would have forgotten about it. All you people who are condemning him are wrong to do so because if an ordinary person is hurt, he is bound to complain. On the other hand, he should also not hold AHA personally responsible for every action taken by other people.
There is no doubt that AHA was an extraordinary man and his accomplishments have been briefly referred to in the above program. Hundreds of thousands ordinary and poor people have benefited from his organizations and projects.
Readers of this blog should be warned that in this free forum everyone is just venting their frustrations and showing off their intimate knowledge of BCCI affairs. In reality many of the ‘facts’ being narrated are just figments of their imagination. It is however good that some good and some bad is being written about. At least the future historians will have some positive matter too.
Your name is not familiar and I have checked with other sources and they all have said that you are using different sign-in ID, otherwise the tone of your comment as expected is just the voice of another faithful dog of BCCI Executives.
This was a well known fact that Agha Hasan Abedi had two wives, in fact quite a few b******* in BCCI had two wives:
• Swaleh Naqvi had two wives, Hasan Parvaiz from 1st wife and Nadeem Naqvi from 2nd wife. Both were Managers in BCCI. Hasan Parvaiz was in Miami when the Branch was raided for money laundering by American Authorities.
• Dildar Rizvi had two wives.
• Addul Hafeez had two wives
• Mazher Abbas had two wives
• Alaudin Sheikh had two wives
• Vilayat Hussain Abedi had two wives.
You see, wives hi wives, perks hi perks…….but the loyalty of an ordinary BCCI worker is unquestionable. Even today every worker of BCCI wants to touch the feet of the remaining stinking Executives before they die with blood cancer.
I once again appeal to every worker of BCCI that where ever they come across Zia uddin Akbar, Asif Baakza, Imran Imam and Jameel Khan……I want you people to really kick hard in their arse and ask them to spill out the name of the Executives who they are trying to cover up.
Why have you got softer feelings for Imran Imam and Jamil Khan. I personally asked Imran Imam when in the High Court, in Strand in London about the £1 million Loan being written-off, and he replied (crying) that he has been made a scape-goat…….but if his hands are clean then he should come out fair and square and screw up the Executives.
Regarding Jamil Khan and Moiz ul Haque…….both were crooks. Jamil Khan actually ran away with $500,000 in hard cash when he was incharge of Grand Cayman Unit, and you can ask anyone from Central Credit Division……let me know if you require any names. But the relatives of Jamil Khan told me that all Executives got their share as well.
Please read my comment of 14 March @ 1.27 am regarding CapCom A/c-Zia uddin Akbar, and I repeat again that a Crdit Line was approved by the Central Credit Committee for Capcom from which all Executives got their share. May be Mr Sagheer can tell us few stories, but you all are faithful dogs of the Executives…….and no doubt Dog is a very faithful animal.
I said I don’t know about them. I believe as a Muslim that I should say only what I know to be absolute truth, from personal knowledge. Anything heard and narrated forward is just spreading of lies.
You did not comment on your identity. If you have any courage, give your name and address as slandering people anonymously on a free public forum can be done by any swine.
C’ome on you scum bag why don’t you tell me your identity. Are you a man or a mouse who squeaks from inside its hole. No you are not even a mouse. At least he squeaks from a known place. To call you a mouse is an insult to mice. To call you a p!g is an insult to p!gs as they are eaten by a lot of people.
You call me a dog. At least the dog is a brave and loyal animal, loved by most humans and fights for its master selflessly. But what are you? Hiding behind an assumed name. You don’t even have the knowledge that the nick name you have chosen is a sayed name. No sayed, however immoral or stupid can stoop as low as you have. Come on you, sh!t at room temperature, tell me you identity.
You curse others of dying of cancer. Lets us see whose curse works faster. I curse you that you will develop cancer on your tongue within six months. Check your tongue everyday as you will get tumours on your tongue. No amount of chemotherapy will help you and your hair will fall off and you will vomit you poison in your own bed.
Your tongue will be cut off by the NHS surgeons from its root. You will also get leprosy so fingers will become rotten and fall off so you will not be able to type. Check you tongue and finders everyday because I guarantee you that my curse always works.
I have given above the list of 4 people who brought the Bank down, this list has been compiled after a thorough research and investigation. All 4 are alive and you can contact them one by one. However, Masih ur Rehman has now shifted to America.
Just for your comfort, I can assure you that none of the BCCI Executives or their sons and relatives have done anything wrong because I used to work with them at Leadenhall St Branch. All Executives and their sons/relatives were 100% honest and sincere.
Also I have said in my earlier posting that I don’t think if Imran Imam, Asif Baakza, Zia uddin Akbar, Jameel Khan did anything wrong, they are also innocent just like the Exectives.
I repeat again only those mentioned in the above list are responsible and Waseem Jaffree will be very happy to answer all your questions in great detail, even after 20 years he remembers the deeds and names of all the Executives.
@ all the people or former employees who are now too self occupied in mud-slugging each other and the bank itself, let alone Agha Sahib – You are all forgetting the basics of what he and the institution stood for.
Humilty & Giving were foundation stones and mottos that he breathed through the Bank and the extended BCC Family.
I find it highly inappropriate to curse your own brethren and above all the master who paid your bills and gave your children the decent living standards and education albeit not available elsewhere.
There are unfaithful, indecent and ungrateful individuals in this world and you shall find them in every walks of life. Without naming names and playing the blame game – we all know who the main culprits were with regards to BCCI.
However all said and done – it is history now. – One should be celebrating the great acheivements of Agha sahib and his family of colleagues, most of whom were exceptional bankers of the highest calibre.
No doubt many had no experience of finance in its entirety however the credit goes to Agha’s sahib’s vision and his ability to pick talent and nurture it to perfection.
Please refrain from wishing bad for others as it will do you no favours. Wishing that all London staff and overseas settled ex-executives to ‘die with cancer’ shows how much respect and common etiquette one has. My own father, an executive & founding member of BCC recently died of cancer in London and one would pray that nobody has to experience such an event in their lifetime.
The majority of bankers in the BCC family were honest, hardworking and God fearing muslims. – The even more reason to question and generate anger at the western forces for closing an empre for the accusation of a mere $14million in a market of $200 billion! its ridiculous.
Please place your efforts in finding ways to rejuvenate the true legacy of BCCI and its message rather than the taboo it has left on the world for the time to come so that our children may flourish under a new era.
(For the record Mr Tariq Fawad is the husband of the niece of Agha sahib from his first marriage as mr waseem pointed out earlier – however once again I do not see how this is relevant to the celebration of Agha sahibs extra-ordinary acheivements)
The last sentence of para-4 of your comment states that……we all know who the main culprits were with regards to BCCI…….
Please refer to my comment of 16 March @3.48 pm and I have given you the list of 4 people who were responsible for the downfall. I don’t know which people are you pointing to, so please be specific otherwise I suggest please do not put-up comments here for the sake of fun. I don’t think America or Anti-Islam elements are responsible.
And why there is NO mention of Zia uddin Akbar, Imran Imam, Asif Baakza, Jameel Khan and Moiz ul Haque in youe article.
We must try to understand the feelings and anger of forced redundancies of June 1990 stafff, when sons and relatives of Executives were not made rudundant. MAY I TELL YOU THAT EVEN YOU OR BASHARAT MALIK WERE NOT MADE REDUNDANT IN JUNE 1990.
So if you know any other names then please say so otherwise at least say that the names given in my list of 16 March were correct.
Mr Mubashir Ahmad…..who is this Waheed Nasim????? یہ کیا بیچتا ہے -
Though I didn’t have the honour of being in direct contact with Agha Sahib yet his views never failed to invoke a process of thought. God bless his soul, a whole generation of 14,000 employees and their families remains indebted to his vision. He gave them a new direction in life – a life of material as well as spiritual fulfillment – if they had noticed. What more a person could ask for.
If his closest companions lost faith in his judgement by refusing to co-operate with his designated successor, Mr. Swaleh Naqvi, it was their own loss. They proved to be incompetent and brought the downfall. Had they stood together they would have weathered every storm. Mr. Naqvi, a gentleman through and through, would have kept them together by giving each and every person his due share in recognition and power.
Agha Sahib had already done more than his part. What more could he do? Now it was up to his lieutenants to keep faith in his judgement and follow the given path. Had they done it, their children’s children would have reaped the benefits. But alas, they thought they knew better. As a result it all came crashing down without benefiting any one at all.
There was no need to write such a long comment by using the nick name as A. R.
All you had to say was that you are a lover and f****r of Executives.
And also there was no mention of Zia uddin AKBAR, Imran Imaam, Asif Baakza, Jameel Khan in your comment.
I always pray that the reamaining Executives in London and Pakistan die with blood cancer.
…..and Imran Khan if you are reading these lines , then don’t give these Executives any treatment in your Hospital for blood Cancer including A.R. above.
Every body knows that Basharat Malik was not your father, in fact he belonged to your Qadiani community and that’s all. Tomorrow you will say that Rehan Mehmood was also your father as well.
Many people think that Basharat Malik was a very jolly person who will always crack jokes in ‘mehfils’ and gatherings. But there is a very dark side to his personality, he was a real double-faced person. We all know that he was Incharge of Inspection Team for U K Regional Branches.
Basharat Malik never exposed the wrong doings of Executives and malpractices in UK branches. In May 1988 when the Police Serious Fraud Office raided the Corporate Unit and arrested Asif Baakza, I personally challenged him (Basharat Malik) that if BCCI has done nothing wrong then why doesn’t he comes forward and tell that He (Basharat Malik) did not find anything wrong in the Corporate Unit in his routine Inspection.
Then at the forced redundancies of June 1990 Staff, I once again approached him and asked him that only He can save the Staff by telling us the truth if there is anything wrong going on at least in UK Branches. Basharat Malik was a puppet for the Executives and always covered the corruption in UK branches.
To make the things worse another member of your Qadiani Community…..Rehan Mahmood was heading Campaign Committee and no one from Qadiani Community dared to ask Rehan Mahmood why he is covering up the corrupt Executives. Rehan Mahmood made several trips to Pakistan only to provide protection to Executives. Beside many clerical and Junior staff from Qadiani Community there were a large number of Staff at prominent positions such as Basharat Malik, Rehan Mahmood, Muzaffar Chowdhry, Saadi, Karim uddin, Shahid Malik (Economic Div), Yourself (Mubahsir Ahmad) never had the courage to come forward and challenge Rehan Mahmood as to why he was covering up the Executives. And when we heard the news of the death of Rehan Mahmood and Basharat Malik no tears were shed. No condolences. Because people are only remember for their good deeds not for their sins.
On one occasion you got a chance to speak in the High Court in front of Justice Lightman, but you never said a word against the Executives. In fact the entire BCCI Qadiani community in London owe an apology to June 1990 Staff.
Dear Wassem uncle,
Salaam
It is blatantly obvious you have mistaken me for somebody else, and my father’s ex colleague probably.
I am not ‘mr mubashir ahmad’, I am Mr Basharat Malik’s 27 year old son who had never worked for BCCI as I was merely 9 years of age at the time of the closure of BCCI.
My comments were never intended to offend anybody, however you have definitely offended me, my family and everybody reading this forum.
I trust you will reflect upon your own deeds and actions before seeking other’s faults and not talk negatively of anybody in their absence especially if they have passed away and regardless of their RACE, gender, political or RELIGIOUS inclination.
I am not afraid or hiding behind any fake i.d’s or nicknames, if anybody would like to contact me they can do so at mubashir_ary@hotmail.com
I hope you will show more respect in the future. I will not dignify this forum with any more responses.
OK…I take your point that you are 27 yr old son of (late) Basharat Malik, but I must tell you that your father was HEAD OF THE UK INSPECTION TEAM, and he failed very badly in carrying out his duties. When the Police Serious Fraud Office raided the Corporate Business Branch and arrested Asif Baakza for money laundering, I personally asked your father to come out and say loud and clear that his Inspection Team has NOT found any evidence of Money Laundering in UK Branches.
You said that you are now 27 yrs of age…..and Basharat Malik died only few months ago, Did you ever asked your Father what was the role of Head of Inspection Team and why did he kept quiet throughout 13 years when we were fighting the case in the High Court, simply because Rehan Mahmood also belonged to your community and no one dared including those six and (Real) Mubashir Ahmad did not say anything about the Executives either.
This is true that in the ‘mehfils’ and social gathering Badharat Malik will crack jokes and pass witty comments and make people laugh……BUT please do remember that when BCCI closed down thousands of people lost their businesses, running shops were closed down, families split up, divorces took place, there were 6 cases of suicides, even masjids lost their funds…..Basharat Malik really let us down very badly. If He wanted your whole Community would have stood right behind him and we could have torn apart all these corrupt Executives those who are now living luxuriously in London and in Pakistan.
On March 14, 2010 I wrote in my comment that I will not respond to any comments from this scumbag called, wassem jafree or, even visit this blog because of him. But, one of my friends called me recently and asked me how come I am not keeping my word and still writing on the blog? He said, he saw a few comments in my name Javed Khan.
I checked the blog and saw there is someone else called, Javed Khan, I am Javed Ali Khan and my name is real and my photograph is also real, unlike that scumbag who is using a fake name and not even willing to reveal his real name or the branch in which he was a doorman or perhaps a janitor (bhangee).
Even a janitor has better manners than this old frustrated wuss. Its a shame that now he is using derogatory comments against Mubashir Bashart Malik not only at personal level but, using his religion as something as if it is a taboo.
Being an Ahmedi or Qadiani is only a matter of faith, if one doesn’t agree with that or, with any other religion for that matter, then it is better to keep his trap shut.
wassem, if you think you are a Muslim (which I doubt you are) then you are a stinking rotten dead mouse because, you don’t know what Islam teaches you and how you should be treating others. Surah Al Kafiroon says: “La Kum Deena Kum Wali-e-Deen.” To you your religion, to me mine.” And, who are you to judge other people or their faith?
On your constant, non-stopping “Rona, Dhona aur Naak Surakna” on this blog about why the sons or, the son-in-laws of the BCCI executives got jobs in the bank? I have an answer for you.
First, let me clarify that I am not a son or, son-in-law of any of the executives, so don’t assume that I am trying to defend them because, I am one of them. aNO, I am not one of them and I was not even a yes man of any one of the executives or managers. And, for that, I was treated like an ordinary officer and initially I was posted in remote areas, in tiny villages. But, I worked hard and achieved success. I climbed up the management ladder because of my sheer determination to succeed and performed better than others. Remember that no one can stop you if you work hard and achieve your goals and there is no short cut to success.
Very soon I was one of the youngest members of the management committee of the bank. The whole of Middle East Region knows me and my success story and, almost every single Executive at the CSO, London knew me personally. I was fortunate enough to work very close to Agha Sahab, Naqvi Saheb and many other senior executives at CSO and in the Middle East.
Even as of today, I have a lot of respect for them because, they treated me with respect and gave me opportunities to hone and harness my skills and my capabilities without which I wouldn’t have succeeded.
Apart from BCCI, I have worked in 2 other banks, also in one of the largest Multinational Corporations of the world. The kind of respect I got in BCCI and the opportunities that BCCI provided me are incomparable to those banks and the MNC I worked. And, I don’t think there is or there will be any other bank or company which have been so kind towards its staff. Especially Agha Sahab.
Now, about the children of the executives and why they got the job? Have you ever heard the names of big successful businesses which have their names as …….. & Sons? Example:
John Wiley & Sons, Inc.
Jancewicz & Son
Joseph Rogers & Sons
Charles Hill & Sons
There can be a list of several thousand names of successful business where families are involved. The Europeans and Americans believe that, a business run by a team of family members is more resilient and more likely to succeed than any other kind of company.
I don’t mean to say that BCCI was purely a family business or a bank for the privileged ones only but, when the BCCI was created in 1972, Agha Sahab had only a few of his very close friends from the UBL who joined him. And, Naqvi Sahab was perhaps the first one. When you start a business of any kind, you need people whom you can trust, they are either very close friends or family members. Agha Sahab did not have a single family member when the BCCI started.
As the bank grew and expanded, more people from HBL and other banks joined the BBCI and the bank started growing at a rapid pace and it needed more trusted people. There is nothing wrong if someone’s brother, son or a son-in-law is hired, BCCI is not the only bank or business organization where this practice of hiring known trusted and competent people are hired. It is a universal practice.
Those sons and relatives of the bank’s executives you hate so much because you think they took your spot, you should have a realistic approach in assessing and comparing their capabilities with yours. Do you think you are more intelligent, competent and more dedicated than Nadeem Naqvi is? Or, are you more hardworking and more determined than Salman Burney or Saad Shafi?
I know these men, they very competent and even after BCCI’s closure they got jobs in other foreign banks, outside Pakistan. But you? You could not get any job anywhere, because you are just a scumbag who should not have been hired in the bank. I don’t know who hired you? Perhaps you got a sifarishi parchee from some minister or some bureaucrat?
I have seen a few people like you, incompetent, uncouth, uncivilized, bigmouth, lazy ass and good for nothing blokes, all they did were talk about their “Wasta” (connection) that so and so is my uncle in the government and he got me this job. People like you and people with “Wasta” are the main culprits. I know one such person, each time he used to answer the phone, he used to say: “This is AAK, younger brother of Brigadier ZAK, military attache to the Chief Martial Law Administrator, General Mohammad Zia ul Haq.”
I am sure if you decide to start a business of your own, you will first hire your son, son-in-laws, bhanjaas and salas and what not to assist you in your ever increasing bhangee business.
This is not very important and it has no significance to this topic about remembering Agha Sahab but, for records, Tariq Fawad’s wife is not the real daughter of Agha Sahab’s first wife, she was adopted and Agha Sahab himself said this in a meeting. “That girl (Tariq’s wife) grew up in house and the last time he saw her was when she was only 3 years old.”
The only reason I have to quote this is because, when you keep repeating something several times like you use a quote of someone so many times that people start believing that it is your quote and forget about the name of the person who was the avatar or the author of that quote.
Like this scumbag wrote above with so much authority that Naqvi Sahab also had two wives and Hasan Pervez is from his first wife and Nadeem is from second wife? It shows how much he knows about the private life of Naqvi Sahab. I don’t want to discuss this on a public forum. But, this idiot wassem has to pick up some point to brag about that he knows, “He who knows not and knows not that he knows not is a fool—shun him.”
wassem you better shut your trap before the blog administrators shove a pair of dirty old smelly pair of socks in your exterior and posterior ends.
Ps.
You say: “all these corrupt Executives those who are now living luxuriously in London and in Pakistan.”
Naqvi Sahab is living in Karachi in a very humble family house.
Hasan Parvez is living in a very ordinary house and doing the job of an accountant in some garment industry in Canada.
Saleem Siddiqi died in his ordinary house in the UK
Mohammad Azmatullah is living in Karachi with his son who is a doctor.
Amir Siddiki is living in his old house in Karachi.
If they had any wealth that you think they have amassed from the bank by way of illegal means then, why aren’t they or their children using it? You are a sick man wassem, a very sick man.
I have received one call from a member of Staff from the Qadiani community and he sincerely apologised for the cruel silence they maintained for 13 yrs which helped Executives to re-establish. In my comment of 22 March/2.22 am I have mentioned several names and they simply did not have the nerve to stand-up in front of Rehan Mahmood. Some people still have some conscience.
As far as Javed Khan is concerned he is a genuine guy and was based in Central Accounts at Leadenhall St and he is not a lover and a f****r of Executives like you.
wassem jafree wrote: “As far as Javed Khan is concerned he is a genuine guy and was based in Central Accounts at Leadenhall St and he is not a lover and a f****r of Executives like you.”
And you wassem jafree writing under a phony name, “you are a victim of those executives who f****d you repeatedly day in, and day out because, you loved it.” So why are you crying now?
I would like to draw the attention of readers to the last line of para 10, where he writes……are you more hardworking and more determined than Salman Burney or Saad Shafi.
Wah – wah – wah – wah……hardworking…….Salman Burney…..please stop laughing……UK Staff, please calm down, please, please stop laughing. And you staff in HabibSons – Piccadilly……please stop laughing.
For your information you stupid (fake-name) Javedalikhan you are really and truly lover and f****r of Executives. I am surprised that this man only remembers the names of Hassan Pervaiz and Nadeem Naqvi. ( I have not worked with Hassan Parvaiz so I can’t comment but he was the Manager in Tampa when the American Authorities raided the Bank for money laundering). However I admit that I found Nadeem Naqvi as an intelligent Banker, but don’t forget his father was on the top post since 1972 and Nadeem Naqvi got his education quite comfortably in America and he joined BCCI readymade as an Officer in late 1980 and was placed in Park Lane Branch under the Managership of Saaaaaaaaaaaaaaaala Sahaab.
Could someone from UK Staff tell me who was Saad Shafi, and where he was placed and did he ever worked in Leadenhall St Branch and please tell me in detail. I do get lots of phonecalls, but please put up comments here as well.
At listen to this crap……..Amir Sidikki is living in his old house in Karachi. Amir Siddiki is right there in London….you bloody fool………and is it old house in London, ummmmmmm.
A phony name, a pseudo character, a frustrated soul known as – wassem jafree
My name may sound alien to you because, I never met the janitors of BCCI branches hence you are one of the those unlucky ones who didn’t get an opportunity to see me.
Apart from Agha Saheb and Naqvi Sahab, Mr. Amir Siddiki, Mr. Saleem Siddiqui, Mr. Nadir Rahim, Mr. Abdul Hafeez, Mr. Mohammad Azmatullah, Arjumand Naqvi, Imran Imam, Askari Hasan Khan, all those who were on Agha Sahab’s floor at Leadenhall street knew me very well. Even your UK region General Manager Mr. Vilayat Hussain Abedi knows me. Among the UK managers, Hashim Raza Rizvi, Samar Hamid, Shafiq ur Rahman Khan and a few others they also know me.
Mr. Akhtar Anis of International relations, Mr. Fakher Hussain and all the other senior executives of Middle East and Far East regions such as Mr. Zafar Iqbal, Mr. Bashir Tahir, Mr. Ashraf Nawabi, Mazhar Abbass, Arif Kamal, Umar Khan and all, they know me. So its a big loss in your life that you don’t know me.
BTW, I am the one and only Javed Ali Khan from the Middle East region who was invited by Agha Saheb to attend all the management meetings in London and all the annual conferences starting from Geneva, Athens, Vienna (twice) and Luxembourg. So you are really unlucky not to know me. So, if you wish to see me call 1-800 Make A Wish Foundation may be they will help you.
You may have had a personal grudge against Salman Burney for whatever reasons but, the fact is he was a very hard working officer when he was in Abu Dhabi. He used to work late and complete his work without anyone asking him to do so. In the UAE there were two shifts 8:00 a.m. to 1:00 p.m. and again 4:00 p.m. to 7:00 p.m. and everyone used to work late because of the volume of work. And, Salman was very dedicated, humble and friendly with his staff, he had no airs for being the son of a senior executive. So you keep your claptrap theory to yourself.
If you are the son of your father then you better write your real name and the branch or the department where you worked, but you don’t have the guts and the courage to mention it because you are are coward assO.
As regards your jealousies about Amir Siddiki living in his house in London, so bloody what? When he was offered the TOP post of the bank in Habib Bank Ltd. in Karachi, he refused it and joined BCCI. He was not a pauper like you.
He was also holding the undisputed number two post in the BCCI after Naqvi Sahab. As an executive he was getting a good salary if he could afford to live in a good house, so what’s your problem? Those days the value of property was low and many people have one or two homes, whats the biggy? Especially when they have earned, they have the right to spend and enjoy life.
The fact is you have been living in slums all your life so, for you anyone’s house or his lifestyle bothers you. If you want to see the lifestyle of other bankers in the Europe, North America or even in Pakistan you should come out of that dry well where you have been living all your life and croaking like a toad (toad means Duddoo, Maindak, it means you wassem jafree) and you are dreaming that some Jamadaarni will come and kiss your bald head and you will turn into a Prince Jamadar?
Ps
Keep singing, ” Umariya beeti jaye, koi Jamadaarni na aye.”
Do you have any idea who is this chu*** Javedalikhan because lots of people are unfamiliar with his name and picture. This fellow has really gone mad as you know very well where is Ameer Sidikki these days.
Tomorrow, Salman Burney is going to get ‘desi chithroll’ in HabibSons, Picadilly.
But I am particularly interested in knowing who is Saad Shafi ?
Now wuss has taken a U-turn and addressing Zafar Sahab as “Zafar Sahab” and also using words like, “PLEASE”. Ha, ha ha what a pathetic wuss you are.
Hey wuss…… how come you are being so polite towards Zafar Sahab?
Above, in all your previous comments you have written at least a dozen times that ALL the BCCI executives are crooks and criminals and, you’ve cursed them like you are a Bewa and a frustrated Bhaand and suddenly you are begging and pleading to Zafar Sahab and asking him to let you know who I am?
For your information, I was in the Middle East region for almost 2 decades and between 1983 and 1991 I was in the BCCE Head Office at the Cornish Road, Abu Dhabi as Marketing in-charge for the whole of the UAE.
And, I used to sit on Zafar Sahab’s right hand side on a similar brown leather table meant for executives, designed by Haleem Harmoush the Lebanese interior decorator who designed most of the BCCI branches. Perhaps you never heard all this before in your life because, you were sweeping the BCCI toilets all your life.
First of all Zafar Sahab has no time to read your claptrap and he would never ever reply to you. I am giving this retort to you on the basis of tit for tat because, someone has to show you your place i.e., where you belong, which is not even in the shoe closet but, in the municipality trash bin.
You are genuinely hard pukka chu***, because you mixing it up with Zafar Iqbal Chaudhry (of UAE) and I once again ask you…. bloody fool…. read the title carefully, who I have addressed to…..and for your information I have already received a phone-call from HIM today and once again many people have told me that they don’t recognise your picture or your name and you are just a stupid lover and f****r of Executives. Many people have confirmed you were not in BCCI……..so get lost now.
And as far as Zafar Iqbal Chaudhry (of UAE) is concerned he will never forget the bollockin’ I gave him on 22 June 1990 on the First Floor right in front of Swaleh Naqvi. Just remember in June 1990 he was in London (and not in Abu Dhabi). As a matter of fact quite a few people got a genuine bollockin’ from me on that day on the 4th Floor as well including Mazher Abbas and Saleem Siddique.
2 time please
please larrayi bend karain aur mujhay yeh batayen k hua kia tha … please … i wanna know this … and so every one else from youngsters …. i watched a site where there were many conspiracy theories listed which were proven to be true and one was of BCCI … is it true .. was there any conspiracy at all or none .. or what
my first boss was an ex BCCI’n and he used to say that we (he and his fellows) are responsible for all this …
seriously we are confused … we as nation .. youngsters we dont know what happened exactly .. can any one tell what was behind the scene …
Mujtaba- the answer is not so simple. There were micro problems and macro. Some people who can’t see beyond there two penny ha’penny job loss see the problems of nepotism and executives living in palatial houses. These problems were there but these did not cause the bank to close. These are minor problems which are there in every large organization but they carry on. Some people were also corrupt and made money outside their salary, which was bad too but is also quite common. The macro problem was the huge bad loans to Gokal Group which kept becoming bigger every year and became bigger then the capital of the bank. But even this would not close the bank as Ruler of Abu Dhabi had underwritten all losses. So if no one was going to lose money , why close the bank? Therefore there was no reason to close the bank for financial reasons. So what was the mega problem. Bhai, banking and finance is a gora business. If barbarians succeeded, that would be a great insult and maybe a future threat. Next they might capture insurance, media and trade amongst the 3rd world. That would be disaster. Therefore kill it.
Understand.
You have very well summed up the problems in a short paragraph and, that is the gist of what actually happened. However, what you have said, will not go into the heads of some thick skin simpletons who could not see beyond their desks as they have blinkers over their eyes.
I would like to add one more point to that, had the BCCI not moved the CSO from London to Abu Dhabi, had they appointed a gora like an ex-CEO of Bank of England or someone very powerful and influential as President of the Bank, the bank may not have been closed. Anyways, this is just an IF and BUT theory. But, I was of this opinion and floated this idea in 1990 but, no one paid any heed to my rantings.
This TV progamme was meant to remember Agha Sahab but, we got distracted by the blabbing of a thankless grumbler. So, let us discuss and remember the good deeds that Agha Sahab has done not just for a few people, but for hundreds and thousands of people.
The truth is Agha Sahab revolutionized the banking industry in Pakistan by creating UBL and then BCCI. Prior to that there was no competition, in fact there was monopoly in the banking industry and Habib Bank was the leader in Pakistan Banking. Therefore, we need to give Agha Sahab a tribute for his unmatchable and incomparable services to the banking industry.
When I was in the UAE, I visited India a few times upon the invitation of Reserve Bank of India and also to meet the officials of the BCCI Bombay operations. After my meetings and I visited a few big local and foreign banks in India. I realized that the quality of banking in Pakistan was and, perhaps it still is far superior than what the Indian banks offered to their general public.
The branches I visited had huge counters, where as a customer you cannot see what is behind those counters and some local banks were using token system. Meeting an officer of the bank was next to impossible for a small customer, he only used to deal with the counter clerks and cashiers through that glass window hole. Whereas in UBL and BCCI, they have open plan and low counters, most officers were seen at the counters and walking into a manager’s room was very easy for a customer. In the UAE they used to simply walk in to the manager’s room.
When BCCI Bombay started its operations, it was doing great business, because their set up was the same as any other BCCI branch. And, just one branch’s profit was over US$15 million and they were ahead of many foreign banks operating in India in terms of quality service. All this is because of Agha Sahab’s vision who actually wanted to make BCCI a real global bank, a service oriented bank.
I remember Agha Sahab’s speech in China, he talked about Marketing and he said, “Marketing is not about delivering goods and services only, it is about the glory and grace of mankind.” The leaders of the third world countries hailed his speech. He was a very calm, composed and a very simple person but a very powerful orator who could convey a lot of meanings in just a few words, he could touch your feelings and emotions and reach your hearts. There was a great charisma in his personality, except for once, I never saw him getting upset.
The only time he was upset was at the Annual Conference in Luxembourg. He realized that in the previous annual conferences some managers and even executives came to the conference with prepared speeches and when confronted with a question on the ethos of the organization or on the corporate philosophy of the bank, they used to read out their prepared speeches, some of which was out of context and, of course monotonous and, did not serve the purpose of the gathering.
So, in the Luxembourg conference he made seating arrangements according to a plan with seat numbers and rows. And, he had a copy of that seating plan with him, so he knew exactly who is sitting where?
At the beginning of the Luxembourg conference (like he did in the Vienna conference also) he briefly talked about me and he mentioned my name and talked about my achievements and he reminded everyone present there to know that he loves not just because of my performance, my contribution and my achievements BUT, also because of the psyche and the mould of my Being.
He further added that as a founder of this bank, he loves all those who have performed and excelled. Then, after a while in his expose he posed a question to Mr. Sadiq Dar executive in-charge of Oman region and the question was, “What is the mould of your Being?” Mr. Dar started his speech and within 2 minutes Agha Sahab stopped him by saying, ” I don’t want to hear this, I want to hear what exactly is the mould of YOUR Being?” Mr. Dar continued his speech and Agha Sahab interrupted again with the same question. Then he asked the same question by taking names of a few other senior executives and managers.
He wasn’t getting the answer he wanted to hear, so he was a bit agitated and upset and, everyone in the conference hall realized that this is not the same Agha Sahab. He threw the same question to a few more people and no one could give him a reply he wanted to hear. So, he said, ‘this is what I don’t like that you all come here to attend the conference with your prepared notes and speeches and read them out.
Then he looked at the seating plan and looked towards me (I was at least 50 meters away from him) and he said, “OK you tell me what is the mould of your being?” I tried to duck behind the man sitting in front of me, because I was not prepared. The man in front of me, tried to say something assuming that Agha Sahab wanted him to say or reply to his question, Agha Sahab said, “NO, not you, I am asking YOU Mr. Javed Ali Khan.”
In Feb. 1984 at the Vienna Conference, a night before the conference he called me to attend an exclusive meeting he was holding with the senior executives and he had this letter in his hand which I wrote to Mr. Amir Siddiki a few months ago, as Mr. Siddiki asked me to narrate my feelings about my exclusive meeting with the President in London in September 1983.
Agha Sahab was very impressed with that letter and asked me to express my feelings in the conference the following day. That gave me some time to prepare my notes on those lines and I was able to say a few words, speeches at huge gatherings is not my forte yet, I was able to say what he wanted to hear and got a lot of applause. But, in Luxembourg I was taken by surprise. I wasn’t prepared at all and I knew I will get a tough time like he gave to others.
Anyways, when he said, “I am asking YOU Mr. Javed Ali Khan.” I said to myself, Javed Ali Khan you are doomed now, because Agha Sahab is in a bad mood and he has not spared the senior executives, especially the likes of Mr. Sadiq Dar so, who am I?
Reluctantly and slowly, I pulled the mike towards me and cleared my throat and I said, “ME?” He said, yes YOU! What is the mould of your being? My spontaneous reply was: “Ummmm, Ahemmmm — I thought you are not going to ask me this question.” He was very serious and he asked me, WHY?
I said, “Because you already know the mould of my Being. Remember, a while ago you mentioned my name and you said, “I love you and it is not just because of who I am or because of my extra-ordinary performance, my contributions and my achievements BUT, because of the psyche and mould of my Being.
Didn’t you say this? ” He said, “YES.” Then, I smiled and posed a tricky question in a very sharp tone, “Agha Sahab, how can you love someone when you don’t know the mould of their Being? And, why do you have to hear it from me when you already know it?”
There was total silence in the hall, then there was a faint smile on Agha Sahab’s face and Naqvi Sahab couldn’t control his laugh, and taking that opportunity everyone in the conference hall not only laughed but, started clapping loudly for over a minute.
Trust me Mr. Waheed Nasim, that clapping was not in appreciation of what I said, because, it wasn’t a very concrete reply to his question, but everyone took my comment as an escapade, a harmless prank, a bold reply, an opportunity to defuse the tense situation that was building up. Then, Agha Sahab also started smiling ……… and looked at Naqvi Sahab, they were all laughing. And, then there was a coffee break. During the coffee break everyone was patting my back, telling me that I saved everyone from a situation that could have lead ……… God knows where!
What I have just written above is not a story, or anything to boast about, but this is just to share this incident with you and others on the blog. And, anyone who was present in that Luxembourg Conference would remember it for sure. So, you may ask those who have attended that conference to verify whether I am telling the truth or not?
That was the only moment I saw Agha Sabab losing his cool, otherwise during the year 1983 till 1988 i.e., the time when he had a stroke, I was fortunate enough to be with him in most meetings in London and almost in every single meeting in the UAE. If fact from the time of his arrival in the UAE at the airport, till the time of his departure, it was my job to organize and attend his meetings. I NEVER, saw Agha Sahab losing his cool. He was always smiling. He was a man who was like a father figure not only for me but, for most of us in the bank. Those who talk bad about him or curse him are either insane or they have no conscience at all.
I would like to dedicate this verse of Allama Iqbal for Agha Sahab.
“Hazaaron saal nargis apni benoori pe roti hai,
badi mushkil se hota hai chaman mein deedawar paida”.
God bless you, Mr. Javed Ali Khan and God bless Agha Sahib. It’s a regret I didn’t have the honour of meeting either of them in person. As for those you are bent upon distorting the truth, may Almighty bless them with ‘hidayat’. Mr. Javed Ali Khan has taken a courageous stand over here which speaks volumes of his character where as I chose to ignore unprovoked insult for the reason that one doesn’t bite back if bitten by a dog.
History of mankind is witness to the fact that no matter what happens, Truth tends to prevail at last.
@waseemjaffery………..OK…I take your point that you are 27 yr old son of (late) Basharat Malik, but I must tell you that your father was HEAD OF THE UK INSPECTION TEAM, and he failed very badly in carrying out his duties. When the Police Serious Fraud Office raided the Corporate Business Branch and arrested Asif Baakza for money laundering, I personally asked your father to come out and say loud and clear that his Inspection Team has NOT found any evidence of Money Laundering in UK Branches.
you been saying all the time that BCCI was involved in money laundering,than why did you ask Mr Masharat Malik to come forward and say loud and clear there was no evidence of money laundering in UK Branches………………..can u c the contradiction?
Javedalikhan u worked in Abudhabi for many years…………..kaya aap Anis Ahmed Raja ko jantay hain?
The above name or the name of Anis Ahmed Raja sounds very unfamiliar in UK circles. Does anyone knows this fellow.
I spoke to Tariq Rahmat in Canada and he said that he is not familiar with Anis Ahmed Raja and he also told me that he does not recognize the picture or name of JavaidAlikhan. Please be advised that Tariq Rahmat was one of the early staff members who joined BCCI in 1973 in Abu-Dhabi and he was with BCCI in Abu-Dhabi when the Bank was closed down.
Like that Wuss Jafree, you also seems to be a phony person because, now I doubt about your genuineness too. Because, Tariq Rahmat not only knows me from Dubai and later when he was in Abu Dhabi we used to visit each others house. And, we recently talked on telephone, when he was in Toronto on vacation, he said his family is in Toronto and he is in Bahrain. So, you are obviously lying that you talked to him. There is no way Tariq can say he doesn’t know me.
I know one Javaid who used to be in-charge of credit in Park Lane branch near London Hilton and was working under Samar Hamid who was manager then. And this Javaid I am referring to is son-in-law of Mr. Akhlaq Ahmad (executive in BCCI Luxembourg) and I am sure he remembers me because, when I went to London with my family he invited us for dinner at his house.
anis49
I know one Raja Saeed from Dubai (Al Maktoum Branch) he was a supervisor, nice guy. And, I also know Ather Anis who was in-charge of credits in BCCI (overseas) Main Branch in Abu Dhabi during the time of Hyder Rizvi and Kirmani as managers. Ather Anis was later transferred to London and he was working under Mr. Saleem Siddiqui at the CSO. But, this name Anis Ahmad Raja doesn’t ring the bell to me.
Typographical error in my previous dispatch of March 26, 2010 at 09:06am is regretted.
Second sentence may kindly be read as: “As for those WHO are bent upon distorting the truth, may Almighty bless them with ‘hidayat’ ( instead of “as for those YOU are …” ).
We are in of publishing a book on Agha Hasan Abedi with an indepth research on the sudden collapse of BCCI in 90′s,
We would like to add interviews of people who had worked for BCCI or in anyway, were connected to Agha Hasan Abedi.
Whether pro or against, please do contact us. Even if you have a slightest bit of information, picture or content.
We have put up a website http://www.aghahasanabedi.com/ for your contributions – please feel free to visit and email us your articles, comments or any information which can be useful for readers.
bro, some of your basic data is incorrect. For example, Dildar Rizvi Saab has had only one wife from day one till today. He married a divorced lady and has raised her children like his own. I worked closely under him and followed him around to learn from him. During a time when the world looked arrogantly at a woman who was a divorcee, he was bold to step out of the norm and marry this wonderful lady. I crossed paths with him on many occasions over the 3 decades of UBL/BCC and know this to be a fact. One marriage for this man.
Get your a$$ out of the rat hole and wake up bro.
Or else go rot bro. You need to see a neurologist. Or better still a vet.
Thanks for bringing our forgotten hero. May Allah Rest His Soul in Peace (Amin)
how can we forget ….
is qaum ne aisay baitay kem hi paida kiye hain …
I personally owe a lot to him, SIR I SALUTE YOU!
Rest in Peace. He was a great man. I have worked with him. It was a great injustice not to have recognised him till this date.
He created more respect for Pakistanis across the world even in sophisticated financial markets than anyone else in Pakistan’s history. Demonized by the Americans just for being too big and to put him in his place i.e. a thirld-worlder and that too a Muslim.
May Allah mercy Agha shahib soul, Ameen.
What a great 95 minutes I spend in single sitting.
Aga Sahib relations with Raja Sahib Mehmoodabad good enough to tell he was revolutionary and humble.
As a third world Muslim he entered a domain where zionist does not allow even their fellow non Jewish Americans (International Banking).
May Allah rest his soul in peace.
Its not fair not to thank Mujahid Brelvi
@Levithan – nebu – designerbloke – jazoo
You all should NOT have used funny nick names. If you had worked in BCCI or have benefitted from Agha Hassan Abedi, then you all should have some courage to come out openly. BCCI bank was Bank of Crooks & Criminals International, hence known BCCI Bank. BCCI bank was involved in money laundering and all other times of corruption and wrong doings.
Agha Hasan Abedi no doubt helped in setting up Habib Bank and later on United Bank and both these Banks have been very successful in Pakistan. But Agha Hasan Abedi name is actually associated with setting up the BCCI Bank. This is where Agha Hasan Abedi got the international fame. Swaleh Naqvi was also sitting there in the programme, this man was actually No:2 in BCCI. After the collapse of the Bank this Swaleh Naqvi never answered the questions of the Liquidators and said he is medically unfit to answer the questions and he alongwith 7 other Executives were rightly jailed in Abu Dhabi.
Many Executives and Managers escaped from London on fake passports and now are holding top posts in Pakistani Banks even today. As far as money laundering is concerned drugs mafia were transferring money from Columbia into BCCI London Branches and if any junior Employee raised any serious questions, then he was sacked or removed as this happened in 1990 unfair redundancies when 900 hard working poor employees lost the job. Those Employesseven protestedin front of Abu Dhabi Embassy but Agha Hasan Abedi never took this seriously. And when some top Executives who were involved in this embezzlement and corruption asked for their share and when refused by Swaleh Naqvi, they went to Bank of England and reported the wrong doings of BCCI.
A large number of current Pakistani Politicians had accounts in BCCI. I can confirm that Hakim Ali Zardari had account in Leadenhall Branch – London where he had big overdraft limit which was never settled. If any staff of BCCI is reading this then I request them to put up their names here. A very large number of BCCI Executives such as Swaleh Naqvi, Ameer Siddiqi, Dildar Rizvi, Imtiaz Ahmad, Mazhar Abbas, Saleem Siddiqi, Azmatullah, IH Burney etc had their sons at Managerial posts. Nepotism and high level corruption was wide spread in BCCI. The MANAGERS were openly giving business loans to their own relatives and that’s why after the closure of the Bank they all living very happily now. The most sad aspect of all this is that when BCCI was found guilty in Miami Case, Agha Hasan Abedi did nothing to stop these. The corrupt middle management knew that the Bank is not going to survive longer hence they started to rob the Bank in every way.
I remember very well in July 1991 when BCCI was closed, people every where in the world were crying outside the Branches of BCCI, and this is true that thousands of people lost all their savings, families got split up resulting in divorces, shops were closed down and even Masjids lost their ‘chanda’ monies. However there is also a similarity with the NRO of Peoples Party that the so-called Campaign Committee which was set to take care of poor staff actually covered up the wrong doings of the corrupt Executives. It is just like the situation in our country that those who benefitted under NRO are being covered up by others for their own benefit. Nothing has happened to all those top Executives and the middle management they all have escaped Justice. Even today the Campain Commitee still covers up the Executives.
I have very little sympathy for Agha Hassan Abedi.
[...] Not Ranked : +0 / -0 0 score Remembring Sir Agha Hasan Abidi All credit to CNBC to come up with such a nice program, in a society which has a trait of forgetting its national heroes. Must Watch Remembring Sir Agha Hasan Abidi [...]
Wow Mr. Waseemjafree you are really bold enough to write your real name and you have enlightened us with your judicious knowledge and your extraordinary expertise and insight about the bank, BCCI.
Haven’t you heard that expression, “It takes one to know one”? I mean if you think that BCCI stands for “Bank of Crooks & Criminals Incorporated,” and you say that you’ve also worked for that bank, then, based on that analogy you are also a crook and a criminal, right?
When dealing with people like you who pass judgment over others without enough knowledge, I love to use this expression. “If the purblind nocturnal mouse sees not the sunlight, it is not the later to be blamed.”
By writing this: “As far as money laundering is concerned drugs mafia were transferring money from Columbia into BCCI London Branches and if any junior Employee raised any serious questions, then he was sacked or removed as this happened in 1990 unfair redundancies when 900 hard working poor employees lost the job.” You have proved how shallow and trivial your knowledge is about the bank’s operation and how naive you are.
First of all the drug money laundering charges you claim to have started in London when the Colombian mafia was transferring money, you are wrong, because it started in Miami and when that happened, Agha Hasan Abedi was already in the hospital he had suffered a stroke. So, you are again wrong in saying he did nothing.
Secondly, it is another blabber from you to say that the executives of the BCCI went unpunished. I do not wish to names all of them here on this blog, but for your information most of them were sentenced and spent time in jail. Although, no concrete evidence was found against them.
Thirdly, your assumption that the drug mafia were laundering the money into BCCI accounts and the management did nothing. Are you aware of the size of the drug money laundering market? At that time when the BCCI officials were accused of money laundering for US$14 million, the size of the drug money laundering market was $200 billion.
During the same time, when a famous American bank was caught laundering US$4 billion, the leading newspapers printed it in the back pages like a fine print of any credit card company clause or an insurance company’s hidden clause.
The funny thing is, the newspaper quoted that the American bank’s cashier mistakenly accepted the money, $4 billion, mistakenly accepted? Whereas, in case of BCCI they said, the bank’s senior executives were involved.
The US government could not prove the BCCI officers or managers as guilty in that case and they held them in jail for several months/years and then, they had to release them. Also, they made an outside the court settlement to close the case and its branches in the US. Which was BCCI’s biggest mistake because, then, they used the Bank of England to shut down the BCCI in the UK and it triggered at a global basis.
This was definitely an organized and an orchestrated move to stop the 7th largest privately owned bank in the world, operating in 72 countries with over 400 branches. The main reason was it was Arab money and Pakistani management.
As regards irregularities, there is not a single bank even today that can claim to be free from irregularities but, to shut down a bank on the basis of insufficient capital or minor irregularities is more serious than what the authorities claim to have done.
Barrings Bank had more irregularities and they blamed one man Nick Leeson for a fraud of 850 million dollars and saved the bank from going bankrupt by saying, it is a 220 years old bank and they bailed it.
Sumitomo Corporation, billions of dollars fraud by their employees, only one man Hamanaka was made responsible and they bailed the bank out.
I don’t want to mention the current and the recent past banks and huge corporations like Enron and others that went bankrupt due to irregularities and the former chief of NASDAQ Bernie Madoff created history by embezzling 50 billion dollars.
Finally, you may show little or no sympathy for Agha Hasan Abedi but, the fact is there are more than 14,000 families who are grateful to him for creating employment for them and hundreds and thousands of small businesses that may have never flourished without the BCCI, they will salute him for what he has done.
Some Pakistanis are notoriously famous for being thankless and for backstabbing their own people, so I am not surprised that some people still hold grudge against a man who did so much work for the banking industry.
I would like some of the former employees of the bank to express their honest and sincere views here and give Mr. Abedi the due that he deserves.
This Chap Waseem,
Obviously, like Tariq Ali- the pseudo intellect (in case you guys do not know) has had a sense of depravation of being excluded from the BCCI Club- perhaps he was also not hired (or funded)!
What a load of Goat’s S…the Bull excrement would be too good for this chap!
No facts but narrative by the ton, copied from Newsweek! What a brain!
Get a life man!
Please try to understand that AHA was not only a great Pakistani, but also a Great Global thinker.
Great global leaders, far beyond your capacity, acknowledge this.
It may be difficult for your cloned brain to understand such complexity of Truth…but please try!
Resist exposing your immature thinking on the net with inaccurate ‘so called’ facts.
Your ‘facts’ are inaccurate, if I was Alan Shore, I would sue your ass!
Perhaps I will…but I am sure that you have nothing to settle with in terms of assets, in case you lose, perhaps, old copies of Newsweek could be offered…please keep them…!
The days for you weasels are over!
Please also come out with the truth…
When were you rejected by BCCI?
Why is your sorry self so angry, and what about?
Come on Waseem….as a guardian of verbose Goat S…you must tell us more…no?
No response from th Goat’s S… not surprised probably constipated!
To sum up I will say that people like Agha Sahib are born in centuries. He was a leader, a creator and a visionary. Many of us, including myself will always remain indebted to Agha Sahib. I see no one who has the ability to build an organisation like BCCI. The reason for closure of BCCI by Bank of England was politically motivated and not due to fraud or liquidity problems. Now the entire banking system in Europe and USA has collapsed because of violation of regulations and fraud. No one has been charged on the contrary the governments have bailed them out. Just ask yourself why????
Well I was among the very few who fought in the courts for nearly 13 years against BCCI Liquidators, English establishment, Bank of England, UAE government etc and eventually won the case for BCCI staff globally. None from the senior management of BCCI came forward to support us.
Unfortunately you invited some of the disgruntled people to the forum; this is a disgrace to Agha Sahib.
@miansaleem
Yes, indeed a person like Agha Saheb is born in centuries and he was not just a visionary but, a realist too. Because, he was able to translate his dreams into reality. His farsightedness and vision to establish BCCI as a global bank was due to his prescient ability to see the future, with the arrival of ZA Bhutto in power and his decision to nationalize the banks, before anyone could foresee that, Agha Saheb decided to move out of the country and established BCCI in 1972.
It was very hard for anyone to comprehend the immense talents that the humble man possessed, even more difficult was to imagine how gentle and yet so aggressive he was in building the so-called empire of the banking industry.
I had always wished that had he created a successor like him, the bank would have come out of the woods. Perhaps he thought he did, but there was a tussle for power from within the establishment and he knew about that but, he had little time to resolve that issue.
The unfortunate thing that happened was a sudden stroke that caused paralysis, speech impairment, loss of memory and his reasoning ability. After the stroke Agha Saheb survived for a few years but, he was not the same Agha Saheb. When he died, not many people were there to mourn him, but when he was in power, the whole world was eager to see him and meet him.
To blame Agha Saheb after his death or the death of the bank because people lost money, is a shameless act. How can he be held responsible for that? ‘Every person reaches to his level of incompetence’, he became incompetent because of his health.
Agha Saheb did not fail in fulfilling his goals and his achievements, the people of BCCI failed him, they were not able to see the circumstances that were engulfing with problems and dangers around them. They did not have the ability to cope and deal with such problems, which were not banking problems but political problems.
I feel sorry for the disgruntled ones like waseemjafree who lost all his “Chanda” money which he was collecting from mosques to establish his personal business and lost every penny.
Ps.
Spread your “Chaddar” or bring your “Kashkole” waseemjafree and here are my two cents for you. Don’t give up and don’t lose hope.
There is a very good similarity between our current Zardari’s Govt and the corrupt middle management of BCCI Bank. All those who benefitted under Benazir/Musharraf NRO are now praising and supporting Zardari and similarly those who were involved in widespread corruption in BCCI are still praising Agha Hassan Abedi even after 20 years of closure of BCCI. This is called solid loyalty. We all know despite of all survey’s that Peoples Party and Gen Musharraf are not popular in masses but look at their ministers, MQM supporters, PML-Q supporters….all those who benefitted under NRO , openly praises Zardari and Gen Musharraf. This comparison fits very well with the surviving Executives and the Managers at middle Management Level. Even today, those who benefitted under widespread corruption still praises Agha Hassan Abedi. The success of Peoples Party and BCCI lies in their utter blind supporters. Let there be no doubt that dishonest and corrupt people like Gen Musharraf, Zardari and Agha Hassan Abedi will always be popular in Pakistan. All these comments which have appeared here are by the loyal servants of BCCI. All the comments which have appeared here did not mention that Hakim Ali Zardari had a huge overdraft facility at Leadenhall Street Branch which was never settled. Ask any BCCI staff member that should there be a case against Zardari in the Swiss Courts for recovery of $60 million, his answer will be NO. Because corruption, dishonesty was in the blood of a BCCI employee.
BCCI was corrupt from top to bottom and BCCI was dishonest in every aspect of Banking. The most dangerous of all was money laundering and I repeat some customers were bringing large sums of cash, and in case someone does not understand what does ‘CASH’ means then let me tell you all once again the cash was brought in Dollar notes and I mean hard cash……yes hard cash. Which branch…….Oxford Street Branch, I am not saying Oxford Circus Branch or Piccadilly Branch or Wigmore Street Branch, I am saying O-X-F-O-R-D Street Branch, which was situated next to Dixons Store close to Tottenham Court Road Tube Station. And no one can deny that. And if someone comes up to me with the argument that ‘When you knew that there is money laundering going on then why didn’t you left the Bank or informed the Authorities. The answer is when you were a poor local cadre employee and not in the so-called International cadre and when you are living hand-to-mouth then there is nothing much you can do. (This is another very bad example of high level nepotism in BCCI that their son/daughters/relatives were given the perks of International Cadre). However there were only two or three employees at the Junior level who brought this to the attention of Internal Inspectors and Auditors but only to find out that the Internal Inspector and Auditors were either relatives of the Executives and working as spies for Executives.
Some Officers who had differences with the top management or those who were honest and hard working were side-lined immediately and they were laterally kept in a side-room like solitary confinement, e.g. Fakhruddin Burney.
I mentioned in my above article the names of some Executives of the BCCI Bank and the name of Abdul Hafeez can also be added to that because his son too had a Managerial Post in the BCCI. And in the last few years the Executives started marrying their son-daughters, e.g. the daughter of Ameer Siddiki was married to the son of IH Burney, and All sons, yes all sons of IH Burney held Managerial Posts in BCCI. The son-in-law of Mazhar Abbas was brought to London, son-in-law of Azmatullah was given a Manager post in Hong-Kong…..the list continues. Only recently one of the Executives, Saleem Siddiqui died in London, this fellow was also responsible for making forced redundancies in 1990, and upon hearing the news of his death not a single tear was shed and the same will happen to other Executives as well.
This is not true that the closure of BCCI was a conspiracy against Muslim or Arabs. BCCI was insolvent and was going to collapse very soon, but the downfall started when 900 very poor and innocent people were made redundant in 1990. Although I was not made redundant in 1990 and none of the sons of Executives were made redundant, I was at the Bank till July 1991 (because I had connections in BCCI) but now today when I sit back and really think that the downfall actually started in 1990. Because two or three very junior staff who were made redundant in 1990 went to Bank of England and reported about the wrong doings of BCCI. And then the Head of Group Accounts when he DID NOT got the golden hand shake also went to Bank of England and gave his account of events……and this is how the downfall of the Bank started. I always feel that had the Internal Auditors and Internal Inspectors carried out their jobs honestly and truthfully the Americans and British would have never closed BCCI.
Again some very loyal and faithful dogs of BCCI will appear here with their comments but now it is all history. Because as I said above that the ‘LOYALTY’ of a BCCI officer is unquestionable.
And lastly if Ziauddin Akbar, Asif Baakza, Imran Imam are reading these lines, and if you lot have not done anything wrong then come out fair and square and say who was responsible. (For the benefit of those who don’t know who these individuals are then let me tell you all these were jailed, but they have never told their side of the story.
ضیاء الدین اکبر – آصف باکزا اور عمران امام اگر تم لوگ یہ پڑھ رہے ہو تو بچو سچ بتاؤ کے اصلی کہانی کیا ہے اور ابھی تک تم لوگ خاموش کیوں ہو -
Mr. Waseem Jafree, your analogy or your comparisons of BCCI with the current government of Pakistan is absolutely ridiculous and absurd.
I don’t even want to say anything on that subject. Except, for the last line of the first paragraph of your comment where you wrote: “corruption, dishonesty was in the blood of a BCCI employee.” And, you not only admit that you were the employee of BCCI but, you also confirm of having connections (that is what you wrote in the last paragraph of your comment.)
So, by virtue of that, you are admitting that you are a dishonest, corrupt and a well connected employee of the bank. And you did not exclude anyone, you said, “from the top to the bottom BCCI was corrupt.” So, were you working as an employee of the BCCI or were you the invisible Angel of honesty?
You are cribbing about your employment cadre, that you were in the local cadre whereas, only the sons, daughters and relatives of the executives were given the International cadre. This is a very wrong assumption because, there was a training centre and selection programme where fresh graduates and post-graduates were selected and trained at the various training centers mainly from Karachi. There is nothing wrong in it. And they were several hundred officers selected in the international cadre.
Also many experienced bankers from different banks, not only from Pakistan but, from India were hired and posted in different countries, among them many of them were Hindus, who were not related to Mr. Abedi or any of the executives.
The bank was new, it needed experienced bankers and, the newly trained officers were posted internationally after the completion of their training. Like any other bank or a multinational organization when they start a new branch or a new office in a new city or country, they hire experienced local staff and then bring a few experienced staff from their country.
If you have worked in any international corporation you wouldn’t have talked like that, for e.g., go to any Japanese company or a bank in London like, Bank of Tokyo, Mitsubishi Corporation, Marubeni Corporation, the Japanese staff is working in a different cadre than a British employee. You cannot hire every single personnel from the country of origin of that bank or the company.
You think a cashier, clerk or a secretary will come from Japan to work in London? Do you think the home office will give them work permit? You must be living in a “Cuckoo-Land” to think like that. Actually, you seems to be suffering from a bundle of complexes for being a clerk in the BCCI.
To be a clerk is not a taboo, but to live all your live with that clerical mentality is “disgustipatingly” pathetic. It proves that you have never been able to grow and now that the bank is closed you are airing your frustration against the founder of the bank. What a shame.
Let me give you an example of how people grow and accomplish, I will give you an example about a person from the same bank. Have you heard of Ashraf Nawabi? He started his banking career as an LC clerk-cum-typist. But, with his, determination to succeed, with his honesty, dedication, hard work and the desire to succeed he managed to reach one of the top positions of the bank. He was General Manager of the entire Middle East region and a member of the management committee of the bank. And, he didn’t have his father or uncle working for the BCCI, he hails from a very small village in Pakistan. He was one of the first few employees of the BCCI in Dubai.
This TV program “Remembering Agha Hasan Abidi” is also about how people from very humble background can grow and reach to very top levels. And, Agha Hasan Abidi does not need your sympathies, he passed away almost two decades ago. The hundreds and thousands of people who benefited from him shall be praying for his “maghferat” and that is more than enough. It is like the Sadqa-e-Jariya that he is getting and people like you when you will depart, no one will ever know or utter your name.
Instead of concentrating on your job and making your assignment grow, you remained a prisoner of your own mind. There are people whom you give an assignment, they make the assignment grow and they grow with it. There are people whom you give an assignment they work within that assignment like drones and, then there are people whom you give an assignment and they make the assignment shrink with their small mentality.
The first category belongs to the leaders, the second one belongs to workers, the third one belongs to losers. So in which category do you fit in? I am sure you know this much.
Your example of cash dollar deposits in Oxford street branch, (perhaps the one where Hashim Raza Rizvi was the manager) are highly exaggerated and it seems you are not aware of the foreign currency deposit accounts? It was and still it is a common practice to have local currency and foreign currency accounts.
Owing to very high interest rates of US dollars (as high as 21% in the early 1980′s) customers, small investors, small businessmen who used to open LC’s in US dollars were not converting their US dollar. Because, you lose on the exchange differential and also the interest rate of local currency was low.
As long as the bank was reporting the cash deposits to the authorities it is perfectly a legal transaction. If you are implying that those were drug money laundering transactions, then you have to substantiate your claim with the size of the transaction and a proof that the bank was NOT reporting. I am sure you won’t be able to do either of it.
Once again your knowledge of money laundering business or the size of money laundering market is very shallow and trivial. Like, some ignorant blokes in the Middle East when they heard of drug money laundering, they thought that the Bank was opening LC’s for shiploads of cocaine! One can only laugh at their and your naivety.
In my previous comment, I mentioned that the global drug money laundering market at that time was US$200 billion and BCCI was accused of only US$14million. Now, BCCI is closed since the last 19 years, now the money laundering laws are much more stringent than two decades ago. Do you think now money laundering does not exist? Not only it exists but, the size of the market has increased many folds. Despite more strict and stringent laws the market is growing.
All you can do is crib like a baby whose feeder has been snatched by a bully. Grow up Mr. Waseem Jafree and come out of the well where you have been dwelling all your life and croaking like a toad.
I am sorry to hear about the sad demise of Mr. Saleem Siddiqui, he was a very fine, honest person. And, I never said, that BCCI was full of ALL SAINTS, there were menace like, Ziauddin Akbar and Asif Baakza, compared to Nick Leeson and Hamanaka they are a small fry. Yes, there was extravagance and careless spending in the life style of some of the BCCI executives, but not all of them were corrupt and dishonest like you think.
As regards BCCI’s liquidity ratio and its capital, you are wrong that, “the bank was insolvent and was going to collapse very soon.” The liquidity ratio was very high, much higher than most British and American banks. The Capital was also very adequate, yet on Bank of England’s demand to inject US$650million dollars in to the Capital, funds were transferred from the government of Abu Dhabi (because they own the majority shareholding of the bank) and that surprised the Bank of England and, they said it was a mistake, the bank needs to inject additional $650 million in the Capital. Within a week, even that amount was wired, a total US$1.3 million in increase was not enough for them and they closed the bank the next day after receiving the second wire transfer.
There was not a single sign of bank’s insolvency because, not a single cashier’s cheque or pay order, bank draft or, LC was returned or dishonoured by any bank, nor a single bank guarantee was called back, So, how can you say that the bank was insolvent or on the verge of bankruptcy?
This Mr. Jafree is a political conspiracy to shut down the bank on very trivial grounds and without any reasoning. Since you are in London or you have worked in London, you must be aware that after the bank was closed, every single account holder in local currency i.e., £ Sterling got immediate payment for £15,00 0 or less. Because most of the pensioners and retirees were affected as the pension fund account valuing for over £ Sterling 175 million was with BCCI. That was a move from the UK government to exclude the locals from losing their money.
Finally, about the international auditors whom you label as honest and dedicated, two decades ago the Gora auditors got away by blaming BCCI for maintaining inappropriate books. And when they tried to do the same in the US i.e., when Enron and other giants collapsed these very auditors tried to save their ass by making similar excuse. But, the authorities made responsible and penalized for negligence. So, there is a clear example of their double standards.
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I am putting this question once again to Ziauddin Akbar, Asif Baakza and Imran Imam that if you people have not done anything wrong then come out fair and square and tell us what went wrong and why were you people jailed. I personally spoke to you people in the Court and just to remind you that you people were crying in the Courts and when I said crying I mean practically and truly crying in the Courts and you said to me that you people were made scape goats. Let me remind you the Courts did read out the benefits you people got form BCCI and how many of your loans were written-offs. Now that all your beloved Executives are living in London and some living in Pakistan happily, and still a large number is alive including Swaleh Naqvi, then we want to hear the truth. And I pray that all these remaining Executives of BCCI will die with cancer.
BCCI was corrupt from top-to-bottom and every inch it was a corrupt Bank only Executives and their Sons and relatives who were employed by Agha Hassan Abedi benefitted very well from BCCI. This is 100% true that BCCI was involved in Money Laundering and yes it was drugs related money laundering. In Oxford Street Branch from 1986-87, the dates are correct repeat the dates are correct (thats why the Bank was closed) and the Group In Charge was H…..An…..who left in June 1990 with hefty package. Again those who have not watched this programme so far then let me tell you that character named ‘Tariq Fawad’ sitting there is nephew (bhaanja) of Agha Hasan Abedi.
The only interest now left in BCCI saga is if Zia uddin Akbar, Asif Baakza and Imran Imam take the courage and tell us the truth and tell us your side of the story. As I said in my last articles that there are many faithful dogs of Executives and they still appear here and write in their favour.
میں ایک بار پھر ضیا الداین اکبر – آصف باکزا – اور عمران امام کو کہتا ہوں کہ بچو- تمھاری اندر سے پھٹتی کیوں ہے اور اگر کچھ نہیں کیا اور ہاتھ صاف ہیں اور اپنے باپ کی اولاد ہو اور کسی حرامی کی اولاد نہیں تو پھر بتاؤ بینک میں کس نے تم لوگوں سے یہ کام کروایا تھا – اور اگر تم لوگ نہیں بتاؤ گے تو ہم تمہاری اولادوں کو تمہاری حقیقت بتائیں گے – ہم سے بچ کر نہیں جاؤ گے – بچو یاد رکھو آخری وقت میں آغا حسن عابدی کی موت بھی بڑی خراب تھی – کیا تم بھی ایسی موت مرنا چاہتے ہو -
And if you three are really scared of these Executives then this Forum is open for you people, so have some courage and put up your story here. And if you still have a greedy mind then sell your story to the Newpapers…….but tell us the truth. Otherwise out BAD wishes will always be with you people.
ہماری بددعا تمہارے ساتھ ہمیشہ ہو گی -
I agree that the downfall of the Bank was actually started by 3 very Junior officers based in London (they were completely innocent) and were made forced redundant. This is also true that they have never hidden their anger and have openly expressed their anger at every platform. However their efforts got the boost when Masih ur Rehman informed the British Authorities (in Nov 1990) with more concrete evidence.
I can say that Executives (and Agha Hasan Abedi) who promoted the lavish culture in the Bank actually axed in their own foot because it was a common practice in BCCI that whenever any Executive will leave all his loans, overdrafts and mortgages will be written off……and this is what precisely Masih ur Rehman wanted but instead Mazher Abbas-Ameer Sidikki-Zafar Iqbal Chaudhry -Saleem Siddique gave him a cheque for only yes for only £26000 whereas he was hoping a cheque for £1million.
I think it would be a good idea that those Executives who are living in London and Pakistan should get toghther and have an open meeting with the Staff and explain their position with a Question-Answer session. In the programme Swaleh Naqvi appeared to look very fat and healthy.
Faiz Alam;
You cannot call Ziauddin Akbar as an innocent guy, he definitely misappropriated the bank funds, established his own company called, “Capital Commodities” or Capcom for short, embezzled and siphoned funds from BCCI into his company. But, to say the downfall started by these three individuals, Akbar, Baakza and Imam is just a consolation to your reasoning. But, that is not a justification to shut down the bank.
As regards Masihur Rahman acting as a mole in the organization, yes he did inform the BoE about some of dubious transactions the bank made in writing off the bad loans. Once again that is also not something for them to take such a severe action, unless the motive was there to find an excuse and shut the bank.
Compared to what Nick Leeson did, Ziauddin Akbar’s fraud and embezzlement amount was no where near in terms of the size of the fraud. Leeson was jailed but, Barrings Bank was not closed, in fact it was bailed out by EU. Similarly, Hamanaka was jailed but, Sumitomo Bank or Sumitomo Corporation was not shut down.
Even then (1991), and as of today there are hundreds of top banks and organizations in the world who maintain two set of accounting books and none of them are closed for that offense.
The lavish style of the BCCI executives have been talked about too much because, Pakistanis in general cannot tolerate others getting richer. Neither the gora’s can digest it. I am not defending those executives, what they did towards spending extravagantly is wrong but, once again such is the corporate life in more than 95% of the big organizations.
Haven’t you heard about the perks enjoyed by the American bankers? The typical pay for a CEO at big U.S. banks and companies now tops $10 million, or roughly 200 times the average American household’s income. PLUS, they have huge perks, use of a jet for regular commutes to work. Exclusive club memberships, which the Pakistani or even the Middle East bankers cannot even dream of.
I am a Banker for the last over 33-years but never worked for BCCI.
As a neutral I can say that this guy Wassem Jafree can only be a sick person cerrying loads
of malice in his heart.Cant believe a person cursing all the ex-executives of BCCI irrespective whether they have done anything wrong or not.I have known in my personal
capacity some of these ex-executives of BCCI and other staff members and can say without
any hesitations that it was my good fortune to have known these extremly kind and thoroughly nice people.Even before joining BCCI they used to command lot of respect in Banking community.I am sure that Mr.Jafree has earned a decent living while working for
BCCI and should be thankful for those years as GOD made BCCI a source(Zaria) for him to earn his living through that Bank.
My sincere advice to him is to go and see a Doctor.
I have no relation with any of BCCI people/waseem sajjad & Abidi (I was 10 year old in 1991).
If I have to choose between Mr Waseem Jafri or Abidi, Waseem Sajjad/BCCI ex executives, I would happily choose these people.
@ Mr Waseemjafri:
No wisdom? No rational arugements? so much Malice?
Who likes a rude old man who uses language of Firdous Ashiq Awan in his posts!!
@ Admin
Could you ban Mr Waseem Jafri for using such language (in urdu he has used language used by Wasi Zafar & Firdous Ashiq Awan).
LOL waseem jafree
You really don’t know who is whose relative? For your information Tariq Fawad is not Agha Hasan Abedi’s bhanja or nephew. He is not even remotely related to him. Tariq’s wife was supposedly a “moo boli beti” of Agha Saheb. And, I am pretty sure about this.
Tariq Fawad was a mediocre banker in Dubai, he was an officer, later he was transferred to Nigeria and when he become manager of a branch, reportedly he received expensive gifts from his clients. That is the reason he reportedly became so rich. Personally I don’t know but, this is what I heard. But, I don’t want to spread this as a rumour that he was corrupt and he was Mr. Abedi’s nephew, not at all.
Accepting gifts from customers is nothing unusual in the corporate world, customers do give gifts to their bankers on Christmas and New Year, especially in Nigeria they say that to earn favours and to be in the manager’s good books they used to give them gifts, which is more like a bribe but, in a glorified way. And, I don’t approve of that. Do you think because of the act of a few corrupt managers or a few corrupt executives like, Allauddin Shaikh, the bank deserved to be shut down?
Why are you so bitter? You sound like an old widowed, frustrated grandmother whose feet are dangling in the grave yet she doesn’t realize that life is worth enjoying every moment you live. She is neglected by the entire family because of her badmouthing and foul language 24/7 to everyone. That is exactly what you are doing.
Your curses directed at the future of the BCCI executives and your wish that, they die of cancer is a very ill gesture and it highlights the state of your mind. Besides, you should also know that cursing someone like this is not something that your religion teaches you, it is against the teachings of Qura’n and Sunnah.
As regards Ziauddin Akbar and Asif Bakzaa’s crying in the court, many people shed crocodile tears and if they did then, to save their skin it only shows their character and their upbringing. Right now they must be enjoying life unlike you.
Agha Hasan Abedi was a man of great exemplary character, if someone says he was corrupt, he should first take a peep in his own “Giraybaan” and check out his conscience and make sure that he never did anything wrong. Then, he has the right to accuse Mr. Abedi. I don’t think there is anyone who has a clean conscience. So, it is better not to talk about others’ wrong doings.
As regards Swaleh Naqvi, if that person was corrupt and made hundreds of millions of dollars, where is it now? Why is he not spending now? He served his sentence, spent years in prison. He is in Pakistan now and he can take out the so-called hidden millions of dollars that he embezzled and spend it now. In Pakistan there is no law according to you and there are crooks and criminals who are having a good life, so he should also not be afraid of doing that.
Why is it so that Mr. Swaleh Naqvi’s children are doing ordinary jobs for the last 20 years? Nadeem Naqvi may have been selected in the bank because of his father. But, do you think he was incompetent? He was and he is far superior than many, many senior bankers in terms of professional knowledge and academics. And, the last time I heard about him, he was hired by a big American Investment bank. Why would they hire him if he was incompetent?
You should be grateful that you got a job in BCCI be it of a clerk or a cashier, otherwise you would have been living ALL your life on social insurance and cursing the British Government and it’s policies on social insurance.
@babazaidi
OK, Baba Ji you can use a nickname because you are of course one of the faithful dogs of BCCI Executives. You can not match up with our strength and vigour (of June 1990 Staff) and how OPENLY and BOLDLYy we stood up in the Brent Town Hall, inside the Courts and outside the Courts on the streets, in front of Lord Bingham Committee, and in front of Abu Dhabi Embassy. Yes, you can use nick name because you are ‘khusra’.
You have advised my to see the doctor……….What advice have you got for Zia uddin Akbar, Asif Baakza, Imran Imam and Jameel Khan…………Baba Jiiiiiiiiiiiiiiiiiii.
@Believer
========
In your comment posted @6.58 pm you say that you have no relation with any of BCCI people, then what is your problem…….
بھائی صاحب آپ کو تکلیف کس بات کی ہے – ہم نے آپکی والدہ ماجدہ کی شان میں تو کوئی گستاخی نہیں کی ہے – ہم تو صرف ضیاء الد این اکبر – عمران امام اور آصف باکزا سے حساب مانگ رہے ہیں – آپ کو درد کہاں ہو رہا ہے – آپ اپنی پریشانی بتائیں-
@Javaid Ali Khan
============
Since my comment has appeared about Tariq Fawad, I have now received 4 calls and two of them from Harrow Area, that Tariq Fawad is genuinely ‘bhaanja’ of Agha Hasan Abedi and he had one brother-in-law in London. But the main thing is only I pointed out this ‘bhaanja sahab’…….you never gave a hint in your first comment on 4 March/@7.47pm. This is what I precisely mean by faithful dogs of BCCI Executives.
N.B. I am gathering more information on Alauddin Sheikh and Capcom Business, and I will come back to you within few days. If any of the BCCI Staff knows more about Zia udddin Akbar and Alauddin Sheikh, then I request you to put up comments here. Because I did not work in the MARKETING Dept or Dealing Room. However, I do remember about Alauddin Sheikh that he was very fond of Havana Cigars.
wassem jafree;
I thought you are Waseem but, I just realized you are Wassem, anyways I am sorry for misspelling your name earlier but, I am not Javaid, I am Javed Ali Khan.
You are ridiculing others for using nick names on the blog but, why are you shy of not telling us about your designation or your job assignment and the location where you worked in such and such department, branch. And in what capacity?
Also, you are blatantly mentioning the names of a few of the executives but, there is one you mentioned in abbreviation “Group In Charge was H…..An….. who left in June 1990 with hefty package.” What is the secrecy here? Or, are you afraid of him or, being loyal to him?
You should stop using the word “dog” in your comments. It only reflects your nature and character, I can see you have no sense of humour but, by using such derogatory words and that too repeatedly you think its funny? No it isn’t funny at all. It only shows your frustration or, should I say your upbringing? Because you have stooped so low in one of your comments you wrote in Urdu, you dragged someone’s Walida Majida for no reason.
Regarding Tariq Fawad, not only I, but most people in Dubai know that, he is NOT Agha Saheb’s nephew. In fact in one of the meetings in Dubai, Agha Saheb mentioned about Tariq Fawad’s wife as a small girl who grew up in their house (but, she was not his daughter or niece or even remotely related and he mentioned that because, Tariq Fawad had invited Agha Sahab that evening for dinner at his house by reminding him about her.) and he is going to see her that night.
But, that night Ashraf Nawabi kept Agha Saheb so busy in meetings with the royal families of Dubai that Agha Saheb never got to see that little girl who made dinner arrangements for his Mohsin and Tariq Fawad stood outside his house for several hours to greet Agha Sahab who did not arrive.
Whoever your sources are, they really don’t know the truth. Now, forget about it. It is not important. Neither it is important for you to challenge Ziauddin Akbar and the two other musketeers to comment on this blog.
And, you are not the only one who talks ill about Agha Saheb or the BCCI executives and the Bank itself, there are quite a few frustrated and failed people like you.
Since the bank is closed every Tom, Dick and Harry is taking a shot to defame the bank and its staff and naive people like you who do not have the facts and figures believe the media reports and think, there is definitely something more than what meets the eye.
Yae Duniya ki reet hai, this is what people do, Murr tay ko maaro, aur charhtay suraj ki pooja kero. When the media makes such orchestrated and organized propaganda against the Bank and the Executives, the masses start believing it as the truth. But, the truth is they don’t know the truth and YOU jafree jee, you cannot handle the truth. So, you better let it go.
You should forget about BCCI and say:
Duniya nay teri yaad say baygana ker diyaa
Tujh say bhee dil-faraib hain ghum roz gaar kay.
wassem jafree
I just realized that in the TV show above, Tariq Fawad himself talked about how he was interviewed by Agha Sahib, and he said, Agha Sahib asked him his name, his father’s name and where his father works and for how long? If Tariq Fawad was Agha Sahib’s nephew, would he have asked all that? It proves that you know nothing. Perhaps you don’t know anything about yourself.
T0: Javedalikhan & All lovers of Executives
I have received several phone calls today regarding Alauddin Sheikh and the Company Capcom and I have asked for some further clarification and I hope by Friday I will be able to compile and hopefully on Saturday I will put up my comment here. If someone has got some more stories to tell then please use this Forum or they can contact me directly.
Regarding Tariq Fawad–the bhaanja of Agha Hassan Abedi, many people have expreesed their deep anger that you have only come up with the explanation after I disclosed his true indentity. One very close friend of you described you as an big Idiot because in your own words Tariq Fawad was a mediocre Banker and he accepted gifts and bribes from Clients in Nigeria. And yet this person was invited in this programme and you people are very happy and excited to see him praising Agan Hasan Abedi. [Your comment of 09/3/10 @ 8.29 pm]
Regarding comment of Mr Believer (again bloody nickname and sounds like your second ID) is saying in his own words that he had no relation in BCCI then again I would say:-
Regarding the
…..then again I would say -بھائی تم کو کس با ت کی تکلیف ہے آپ اپنی پریشانی بتائیں – درد کہاں ہو رہا ہے یہ بتائیں -
Ziauddin Akbar, Imran Imam , Asif Baakza and Jameel Khan still owe us a very clear explanation….particularly Imran Imam because the Court in London said his £1 million loan was written off, surely I would like to know the name of the Executive who sanctioned that and now sitting in London. I hope some of them will put up a comment here.
wassem jafree
Ha ha @ “my close friend in London who calls me an idiot.” Btw, I don’t have any close friends in London. Another ha ha at your phone calls and the way you drop lines by saying how people call you to express their feelings to you as if you are their boss. Do you consider yourself as a Don of London or what?
From your writings, anyone can see the phobia and the fear of your tragic past which is imbued in your psyche and, it is so obvious in your personality and the way you are blabbing is like you are suffering from anxiety, fear from people or, an object or situation in your life that is so tormenting that you get nightmares.
You definitely need a therapist to shape and correct your behavior through a variety of processes known as conditioning. Don’t be afraid your phobia is curable. There are a few popular techniques that includes systematic desensitization which is generally used on patients suffering from anxiety and fear that needs to be broken of unhealthy habits such as yours. You need a shrink, perhaps he will put you on methadone to make you more methodical and wise.
And please stop croaking like a toad, come out of that dry well in which you have trapped yourself, there is a whole world out there.
This person Wassem is not only foul mouthed but a disgrace.He should be totally ignored.
Shame his parents named him Jafree.
To: All Lovers of Executives/The Bank for Rizvis, Alvis, Zaidis, Bokhharis, Naqvis, Haideris
==============================================================
I have now received several phone calls in the last few days and based upon the information I hold and given by other people this is true that Tariq Fawad is bloody bhaanja of Agha Hasan Abedi and the other ‘saala’ (brother in Law) is still in London, and both of them running successful businesses. Thanks to all stupid lovers of Executives for making the lives of ‘bhaanja’ and ‘saala’ very comfortable. But please remember, only I uncovered the secret of this ‘bhaanja’, because the ‘saala’ is already well known in London.
Lots of people have commented that I should not use the word Executives because like this Agha Hasan Abedi looks lesser of an evil. So I would to clarify here and for future comments that when I use the term ‘EXECUTIVES’ this includes Agha Hasan Abedi, the second line Senior Managers like Rasheed Velmi, Akhlaque Hussain and the other Exexutives those who have died e.g. Saleem Siddiqi, Akhtar Anees etc.
As regards Alauddin Sheikh, many people think because A Sheikh was highly paid in BCCI so he left like a fat cat, and he didn’t care much about the Executives, but he is NOT in London nor he is in Pakistan, he is hiding somewhere else. One person of Central Marketing is returning to London next week and he will give few more details about Alauddin Sheikh. But some think that this is an attempt by the remaining Executives to divert attention, but more details about Alauddin Sheikh are still coming in.
However many people have asked me to include the name of Jameel Khan together in the list of Zia uddin Akbar, Imarn Imam and Asif Baakza. Because Jameel Khan took about US$500,000 from Grand Cayman Overseas A/c controlled by Central Credit Division in London. The relatives of Jameel Khan say that when Jameel Khan returned to Pakistan he paid the share of the Executives into their Accounts, hence Jameel Khan was let-off without any questioning.
As far as Capcom A/c is concerned again there was a Credit Line approved by the Central Credit Committee based in Cunard House on Leandenhall St in London. Executives allowed this Credit Facility (which was controlled by Zia uddin Akbar) but all Executives were getting their own share. This account was not spotted by the External Auditors at that time because it had a proper approval by the Central Credit Committee.
Beside this many other examples of Fraudulent Credit Lines have been reported but all these had the approval of the Central Credit Committee (which comprised of Imtiaz Ahmad, Abdul Hafeez, Ameer Sidikki, Akhtar Anees, Swaleh Naqvi, Saleem Siddiki, Dildar Rizvi). In fact anybody with a name of Alvi, Rizvi, Naqvi, Bokhari, Zaidi, Haideri…. was a member of the Management Team.
BCCI was corrupt from top to bottom. Sometimes I believe that Asif Zardari may have got training in BCCI before he got married to Benazir. Please remember that Hakim Ali Zardari did have a huge overdraft facility at Leadenhall Street Branch which was neve settled.
I repeat again that its only upto Ziauddin Akbar, Imran Imam, Asif Baakza and Jameel Khan to tell us the truth. I appeal once again to Zia uddin Akbar, Imran Imam and Asif Baakza to use this Forum and tell us the truth that which are the Executives who have benefitted from their fraudulent Activities. Otherwise there is no shortage of Executive Lovers, and their loyalty is unquestionable and they are really die hard supporters of Executives. I only pray that the remaining Executives now living in London and Pakistan die with Cancer.
wassem jafree
You and your sources are like, “Kya Piddi, Kya Piddi Ka Shorba.” I don’t hesitate in debating or discussing with normal people but, with you it is a waste of time. Because, you are a sick sociopath. Leave aside responding to your future braggadocio, I am not even going to visit this blog after submitting my last comment. Keep croaking like a toad.
The programme was not about Agha Hasan Abedi, what thrilled Staff was the appearance of Bhaaaaaaaaaaaaaaanja because he is ‘nishani’ of Agha Hasan Abedi. We knew about this ‘saaaaaaaaaaaala’ in London but Staff is really happy to see this Bhaaaaaaaaaaanja, despite the fact that he was corrupt and took commisions in Nigeria.
Hopefully within few days more news about Alauddin Sheikh.
And please keep putting up the health bulletins about remaining Executives in London and Pakistan.
All sorts of truths, half truths and slanders are flying so let me clarify a couple of matters.
1. Tariq Fuad is the husband of one of the nieces of AHA’s first wife. AHA divorced his first wife 4 or 5 years before BCCI was formed.
2. AHA’s saala, Zahid Kasim, brother of AHA’s second wife was sitting right there is the above program.
It is obvious that Wassem Jafree is bitter about some wrong, real or perceived, perpetrated on him by some officer or executive and his life has been unhappy since that incident otherwise he would have forgotten about it. All you people who are condemning him are wrong to do so because if an ordinary person is hurt, he is bound to complain. On the other hand, he should also not hold AHA personally responsible for every action taken by other people.
There is no doubt that AHA was an extraordinary man and his accomplishments have been briefly referred to in the above program. Hundreds of thousands ordinary and poor people have benefited from his organizations and projects.
Readers of this blog should be warned that in this free forum everyone is just venting their frustrations and showing off their intimate knowledge of BCCI affairs. In reality many of the ‘facts’ being narrated are just figments of their imagination. It is however good that some good and some bad is being written about. At least the future historians will have some positive matter too.
@waheednasim
Your name is not familiar and I have checked with other sources and they all have said that you are using different sign-in ID, otherwise the tone of your comment as expected is just the voice of another faithful dog of BCCI Executives.
This was a well known fact that Agha Hasan Abedi had two wives, in fact quite a few b******* in BCCI had two wives:
• Swaleh Naqvi had two wives, Hasan Parvaiz from 1st wife and Nadeem Naqvi from 2nd wife. Both were Managers in BCCI. Hasan Parvaiz was in Miami when the Branch was raided for money laundering by American Authorities.
• Dildar Rizvi had two wives.
• Addul Hafeez had two wives
• Mazher Abbas had two wives
• Alaudin Sheikh had two wives
• Vilayat Hussain Abedi had two wives.
You see, wives hi wives, perks hi perks…….but the loyalty of an ordinary BCCI worker is unquestionable. Even today every worker of BCCI wants to touch the feet of the remaining stinking Executives before they die with blood cancer.
I once again appeal to every worker of BCCI that where ever they come across Zia uddin Akbar, Asif Baakza, Imran Imam and Jameel Khan……I want you people to really kick hard in their arse and ask them to spill out the name of the Executives who they are trying to cover up.
It is quite obvious who they are covering up. I don’t know about Imran and Jamil but the other two did it for making money themselves.
As far as you are concerned Wassem, you are yourself writing under a nick name and as I said you must have really suffered.
@waheednasim
Why have you got softer feelings for Imran Imam and Jamil Khan. I personally asked Imran Imam when in the High Court, in Strand in London about the £1 million Loan being written-off, and he replied (crying) that he has been made a scape-goat…….but if his hands are clean then he should come out fair and square and screw up the Executives.
Regarding Jamil Khan and Moiz ul Haque…….both were crooks. Jamil Khan actually ran away with $500,000 in hard cash when he was incharge of Grand Cayman Unit, and you can ask anyone from Central Credit Division……let me know if you require any names. But the relatives of Jamil Khan told me that all Executives got their share as well.
Please read my comment of 14 March @ 1.27 am regarding CapCom A/c-Zia uddin Akbar, and I repeat again that a Crdit Line was approved by the Central Credit Committee for Capcom from which all Executives got their share. May be Mr Sagheer can tell us few stories, but you all are faithful dogs of the Executives…….and no doubt Dog is a very faithful animal.
I said I don’t know about them. I believe as a Muslim that I should say only what I know to be absolute truth, from personal knowledge. Anything heard and narrated forward is just spreading of lies.
You did not comment on your identity. If you have any courage, give your name and address as slandering people anonymously on a free public forum can be done by any swine.
@waheednasim
There are only 4 people from June 1990 Staff who are responsible for the downfall of BCCI, and they are:-
1) Masih ur Rehman
2) Vivien Ambrose
3) Waseem Jaffree
4) Shafqat Aziz
Compared to the above list Imran Imam, Asif Baakza, Jameel Khan, Zia uddin Akbar are very innocent and have done nothing.
C’ome on you scum bag why don’t you tell me your identity. Are you a man or a mouse who squeaks from inside its hole. No you are not even a mouse. At least he squeaks from a known place. To call you a mouse is an insult to mice. To call you a p!g is an insult to p!gs as they are eaten by a lot of people.
You call me a dog. At least the dog is a brave and loyal animal, loved by most humans and fights for its master selflessly. But what are you? Hiding behind an assumed name. You don’t even have the knowledge that the nick name you have chosen is a sayed name. No sayed, however immoral or stupid can stoop as low as you have. Come on you, sh!t at room temperature, tell me you identity.
You curse others of dying of cancer. Lets us see whose curse works faster. I curse you that you will develop cancer on your tongue within six months. Check your tongue everyday as you will get tumours on your tongue. No amount of chemotherapy will help you and your hair will fall off and you will vomit you poison in your own bed.
Your tongue will be cut off by the NHS surgeons from its root. You will also get leprosy so fingers will become rotten and fall off so you will not be able to type. Check you tongue and finders everyday because I guarantee you that my curse always works.
@waheednasim
I have given above the list of 4 people who brought the Bank down, this list has been compiled after a thorough research and investigation. All 4 are alive and you can contact them one by one. However, Masih ur Rehman has now shifted to America.
Just for your comfort, I can assure you that none of the BCCI Executives or their sons and relatives have done anything wrong because I used to work with them at Leadenhall St Branch. All Executives and their sons/relatives were 100% honest and sincere.
Also I have said in my earlier posting that I don’t think if Imran Imam, Asif Baakza, Zia uddin Akbar, Jameel Khan did anything wrong, they are also innocent just like the Exectives.
I repeat again only those mentioned in the above list are responsible and Waseem Jaffree will be very happy to answer all your questions in great detail, even after 20 years he remembers the deeds and names of all the Executives.
I agree with the statements of Mr Javed Ali Khan.
@ all the people or former employees who are now too self occupied in mud-slugging each other and the bank itself, let alone Agha Sahib – You are all forgetting the basics of what he and the institution stood for.
Humilty & Giving were foundation stones and mottos that he breathed through the Bank and the extended BCC Family.
I find it highly inappropriate to curse your own brethren and above all the master who paid your bills and gave your children the decent living standards and education albeit not available elsewhere.
There are unfaithful, indecent and ungrateful individuals in this world and you shall find them in every walks of life. Without naming names and playing the blame game – we all know who the main culprits were with regards to BCCI.
However all said and done – it is history now. – One should be celebrating the great acheivements of Agha sahib and his family of colleagues, most of whom were exceptional bankers of the highest calibre.
No doubt many had no experience of finance in its entirety however the credit goes to Agha’s sahib’s vision and his ability to pick talent and nurture it to perfection.
Please refrain from wishing bad for others as it will do you no favours. Wishing that all London staff and overseas settled ex-executives to ‘die with cancer’ shows how much respect and common etiquette one has. My own father, an executive & founding member of BCC recently died of cancer in London and one would pray that nobody has to experience such an event in their lifetime.
The majority of bankers in the BCC family were honest, hardworking and God fearing muslims. – The even more reason to question and generate anger at the western forces for closing an empre for the accusation of a mere $14million in a market of $200 billion! its ridiculous.
Please place your efforts in finding ways to rejuvenate the true legacy of BCCI and its message rather than the taboo it has left on the world for the time to come so that our children may flourish under a new era.
(For the record Mr Tariq Fawad is the husband of the niece of Agha sahib from his first marriage as mr waseem pointed out earlier – however once again I do not see how this is relevant to the celebration of Agha sahibs extra-ordinary acheivements)
Agree with you 100% Mubashir.
@Mubashir Ahmad
The last sentence of para-4 of your comment states that……we all know who the main culprits were with regards to BCCI…….
Please refer to my comment of 16 March @3.48 pm and I have given you the list of 4 people who were responsible for the downfall. I don’t know which people are you pointing to, so please be specific otherwise I suggest please do not put-up comments here for the sake of fun. I don’t think America or Anti-Islam elements are responsible.
And why there is NO mention of Zia uddin Akbar, Imran Imam, Asif Baakza, Jameel Khan and Moiz ul Haque in youe article.
We must try to understand the feelings and anger of forced redundancies of June 1990 stafff, when sons and relatives of Executives were not made rudundant. MAY I TELL YOU THAT EVEN YOU OR BASHARAT MALIK WERE NOT MADE REDUNDANT IN JUNE 1990.
So if you know any other names then please say so otherwise at least say that the names given in my list of 16 March were correct.
Mr Mubashir Ahmad…..who is this Waheed Nasim????? یہ کیا بیچتا ہے -
Though I didn’t have the honour of being in direct contact with Agha Sahib yet his views never failed to invoke a process of thought. God bless his soul, a whole generation of 14,000 employees and their families remains indebted to his vision. He gave them a new direction in life – a life of material as well as spiritual fulfillment – if they had noticed. What more a person could ask for.
If his closest companions lost faith in his judgement by refusing to co-operate with his designated successor, Mr. Swaleh Naqvi, it was their own loss. They proved to be incompetent and brought the downfall. Had they stood together they would have weathered every storm. Mr. Naqvi, a gentleman through and through, would have kept them together by giving each and every person his due share in recognition and power.
Agha Sahib had already done more than his part. What more could he do? Now it was up to his lieutenants to keep faith in his judgement and follow the given path. Had they done it, their children’s children would have reaped the benefits. But alas, they thought they knew better. As a result it all came crashing down without benefiting any one at all.
@ A.R.
There was no need to write such a long comment by using the nick name as A. R.
All you had to say was that you are a lover and f****r of Executives.
And also there was no mention of Zia uddin AKBAR, Imran Imaam, Asif Baakza, Jameel Khan in your comment.
I always pray that the reamaining Executives in London and Pakistan die with blood cancer.
…..and Imran Khan if you are reading these lines , then don’t give these Executives any treatment in your Hospital for blood Cancer including A.R. above.
@Mr Mubashir/Your comment of 17 March @ 2.18 pm
Every body knows that Basharat Malik was not your father, in fact he belonged to your Qadiani community and that’s all. Tomorrow you will say that Rehan Mehmood was also your father as well.
Many people think that Basharat Malik was a very jolly person who will always crack jokes in ‘mehfils’ and gatherings. But there is a very dark side to his personality, he was a real double-faced person. We all know that he was Incharge of Inspection Team for U K Regional Branches.
Basharat Malik never exposed the wrong doings of Executives and malpractices in UK branches. In May 1988 when the Police Serious Fraud Office raided the Corporate Unit and arrested Asif Baakza, I personally challenged him (Basharat Malik) that if BCCI has done nothing wrong then why doesn’t he comes forward and tell that He (Basharat Malik) did not find anything wrong in the Corporate Unit in his routine Inspection.
Then at the forced redundancies of June 1990 Staff, I once again approached him and asked him that only He can save the Staff by telling us the truth if there is anything wrong going on at least in UK Branches. Basharat Malik was a puppet for the Executives and always covered the corruption in UK branches.
To make the things worse another member of your Qadiani Community…..Rehan Mahmood was heading Campaign Committee and no one from Qadiani Community dared to ask Rehan Mahmood why he is covering up the corrupt Executives. Rehan Mahmood made several trips to Pakistan only to provide protection to Executives. Beside many clerical and Junior staff from Qadiani Community there were a large number of Staff at prominent positions such as Basharat Malik, Rehan Mahmood, Muzaffar Chowdhry, Saadi, Karim uddin, Shahid Malik (Economic Div), Yourself (Mubahsir Ahmad) never had the courage to come forward and challenge Rehan Mahmood as to why he was covering up the Executives. And when we heard the news of the death of Rehan Mahmood and Basharat Malik no tears were shed. No condolences. Because people are only remember for their good deeds not for their sins.
On one occasion you got a chance to speak in the High Court in front of Justice Lightman, but you never said a word against the Executives. In fact the entire BCCI Qadiani community in London owe an apology to June 1990 Staff.
Dear Wassem uncle,
Salaam
It is blatantly obvious you have mistaken me for somebody else, and my father’s ex colleague probably.
I am not ‘mr mubashir ahmad’, I am Mr Basharat Malik’s 27 year old son who had never worked for BCCI as I was merely 9 years of age at the time of the closure of BCCI.
My comments were never intended to offend anybody, however you have definitely offended me, my family and everybody reading this forum.
I trust you will reflect upon your own deeds and actions before seeking other’s faults and not talk negatively of anybody in their absence especially if they have passed away and regardless of their RACE, gender, political or RELIGIOUS inclination.
I am not afraid or hiding behind any fake i.d’s or nicknames, if anybody would like to contact me they can do so at mubashir_ary@hotmail.com
I hope you will show more respect in the future. I will not dignify this forum with any more responses.
@ Mubashir Malik
OK…I take your point that you are 27 yr old son of (late) Basharat Malik, but I must tell you that your father was HEAD OF THE UK INSPECTION TEAM, and he failed very badly in carrying out his duties. When the Police Serious Fraud Office raided the Corporate Business Branch and arrested Asif Baakza for money laundering, I personally asked your father to come out and say loud and clear that his Inspection Team has NOT found any evidence of Money Laundering in UK Branches.
You said that you are now 27 yrs of age…..and Basharat Malik died only few months ago, Did you ever asked your Father what was the role of Head of Inspection Team and why did he kept quiet throughout 13 years when we were fighting the case in the High Court, simply because Rehan Mahmood also belonged to your community and no one dared including those six and (Real) Mubashir Ahmad did not say anything about the Executives either.
This is true that in the ‘mehfils’ and social gathering Badharat Malik will crack jokes and pass witty comments and make people laugh……BUT please do remember that when BCCI closed down thousands of people lost their businesses, running shops were closed down, families split up, divorces took place, there were 6 cases of suicides, even masjids lost their funds…..Basharat Malik really let us down very badly. If He wanted your whole Community would have stood right behind him and we could have torn apart all these corrupt Executives those who are now living luxuriously in London and in Pakistan.
On March 14, 2010 I wrote in my comment that I will not respond to any comments from this scumbag called, wassem jafree or, even visit this blog because of him. But, one of my friends called me recently and asked me how come I am not keeping my word and still writing on the blog? He said, he saw a few comments in my name Javed Khan.
I checked the blog and saw there is someone else called, Javed Khan, I am Javed Ali Khan and my name is real and my photograph is also real, unlike that scumbag who is using a fake name and not even willing to reveal his real name or the branch in which he was a doorman or perhaps a janitor (bhangee).
Even a janitor has better manners than this old frustrated wuss. Its a shame that now he is using derogatory comments against Mubashir Bashart Malik not only at personal level but, using his religion as something as if it is a taboo.
Being an Ahmedi or Qadiani is only a matter of faith, if one doesn’t agree with that or, with any other religion for that matter, then it is better to keep his trap shut.
wassem, if you think you are a Muslim (which I doubt you are) then you are a stinking rotten dead mouse because, you don’t know what Islam teaches you and how you should be treating others. Surah Al Kafiroon says: “La Kum Deena Kum Wali-e-Deen.” To you your religion, to me mine.” And, who are you to judge other people or their faith?
Stop cursing people like a Bewa Bhaand.
wassem jafree
On your constant, non-stopping “Rona, Dhona aur Naak Surakna” on this blog about why the sons or, the son-in-laws of the BCCI executives got jobs in the bank? I have an answer for you.
First, let me clarify that I am not a son or, son-in-law of any of the executives, so don’t assume that I am trying to defend them because, I am one of them. aNO, I am not one of them and I was not even a yes man of any one of the executives or managers. And, for that, I was treated like an ordinary officer and initially I was posted in remote areas, in tiny villages. But, I worked hard and achieved success. I climbed up the management ladder because of my sheer determination to succeed and performed better than others. Remember that no one can stop you if you work hard and achieve your goals and there is no short cut to success.
Very soon I was one of the youngest members of the management committee of the bank. The whole of Middle East Region knows me and my success story and, almost every single Executive at the CSO, London knew me personally. I was fortunate enough to work very close to Agha Sahab, Naqvi Saheb and many other senior executives at CSO and in the Middle East.
Even as of today, I have a lot of respect for them because, they treated me with respect and gave me opportunities to hone and harness my skills and my capabilities without which I wouldn’t have succeeded.
Apart from BCCI, I have worked in 2 other banks, also in one of the largest Multinational Corporations of the world. The kind of respect I got in BCCI and the opportunities that BCCI provided me are incomparable to those banks and the MNC I worked. And, I don’t think there is or there will be any other bank or company which have been so kind towards its staff. Especially Agha Sahab.
Now, about the children of the executives and why they got the job? Have you ever heard the names of big successful businesses which have their names as …….. & Sons? Example:
John Wiley & Sons, Inc.
Jancewicz & Son
Joseph Rogers & Sons
Charles Hill & Sons
There can be a list of several thousand names of successful business where families are involved. The Europeans and Americans believe that, a business run by a team of family members is more resilient and more likely to succeed than any other kind of company.
I don’t mean to say that BCCI was purely a family business or a bank for the privileged ones only but, when the BCCI was created in 1972, Agha Sahab had only a few of his very close friends from the UBL who joined him. And, Naqvi Sahab was perhaps the first one. When you start a business of any kind, you need people whom you can trust, they are either very close friends or family members. Agha Sahab did not have a single family member when the BCCI started.
As the bank grew and expanded, more people from HBL and other banks joined the BBCI and the bank started growing at a rapid pace and it needed more trusted people. There is nothing wrong if someone’s brother, son or a son-in-law is hired, BCCI is not the only bank or business organization where this practice of hiring known trusted and competent people are hired. It is a universal practice.
Those sons and relatives of the bank’s executives you hate so much because you think they took your spot, you should have a realistic approach in assessing and comparing their capabilities with yours. Do you think you are more intelligent, competent and more dedicated than Nadeem Naqvi is? Or, are you more hardworking and more determined than Salman Burney or Saad Shafi?
I know these men, they very competent and even after BCCI’s closure they got jobs in other foreign banks, outside Pakistan. But you? You could not get any job anywhere, because you are just a scumbag who should not have been hired in the bank. I don’t know who hired you? Perhaps you got a sifarishi parchee from some minister or some bureaucrat?
I have seen a few people like you, incompetent, uncouth, uncivilized, bigmouth, lazy ass and good for nothing blokes, all they did were talk about their “Wasta” (connection) that so and so is my uncle in the government and he got me this job. People like you and people with “Wasta” are the main culprits. I know one such person, each time he used to answer the phone, he used to say: “This is AAK, younger brother of Brigadier ZAK, military attache to the Chief Martial Law Administrator, General Mohammad Zia ul Haq.”
I am sure if you decide to start a business of your own, you will first hire your son, son-in-laws, bhanjaas and salas and what not to assist you in your ever increasing bhangee business.
This is not very important and it has no significance to this topic about remembering Agha Sahab but, for records, Tariq Fawad’s wife is not the real daughter of Agha Sahab’s first wife, she was adopted and Agha Sahab himself said this in a meeting. “That girl (Tariq’s wife) grew up in house and the last time he saw her was when she was only 3 years old.”
The only reason I have to quote this is because, when you keep repeating something several times like you use a quote of someone so many times that people start believing that it is your quote and forget about the name of the person who was the avatar or the author of that quote.
Like this scumbag wrote above with so much authority that Naqvi Sahab also had two wives and Hasan Pervez is from his first wife and Nadeem is from second wife? It shows how much he knows about the private life of Naqvi Sahab. I don’t want to discuss this on a public forum. But, this idiot wassem has to pick up some point to brag about that he knows, “He who knows not and knows not that he knows not is a fool—shun him.”
wassem you better shut your trap before the blog administrators shove a pair of dirty old smelly pair of socks in your exterior and posterior ends.
Ps.
You say: “all these corrupt Executives those who are now living luxuriously in London and in Pakistan.”
Naqvi Sahab is living in Karachi in a very humble family house.
Hasan Parvez is living in a very ordinary house and doing the job of an accountant in some garment industry in Canada.
Saleem Siddiqi died in his ordinary house in the UK
Mohammad Azmatullah is living in Karachi with his son who is a doctor.
Amir Siddiki is living in his old house in Karachi.
If they had any wealth that you think they have amassed from the bank by way of illegal means then, why aren’t they or their children using it? You are a sick man wassem, a very sick man.
@javedalikhan
I have received one call from a member of Staff from the Qadiani community and he sincerely apologised for the cruel silence they maintained for 13 yrs which helped Executives to re-establish. In my comment of 22 March/2.22 am I have mentioned several names and they simply did not have the nerve to stand-up in front of Rehan Mahmood. Some people still have some conscience.
As far as Javed Khan is concerned he is a genuine guy and was based in Central Accounts at Leadenhall St and he is not a lover and a f****r of Executives like you.
wassem jafree wrote: “As far as Javed Khan is concerned he is a genuine guy and was based in Central Accounts at Leadenhall St and he is not a lover and a f****r of Executives like you.”
And you wassem jafree writing under a phony name, “you are a victim of those executives who f****d you repeatedly day in, and day out because, you loved it.” So why are you crying now?
@Javedalikhan/Your Comment 23 March @12.30 am
I would like to draw the attention of readers to the last line of para 10, where he writes……are you more hardworking and more determined than Salman Burney or Saad Shafi.
Wah – wah – wah – wah……hardworking…….Salman Burney…..please stop laughing……UK Staff, please calm down, please, please stop laughing. And you staff in HabibSons – Piccadilly……please stop laughing.
For your information you stupid (fake-name) Javedalikhan you are really and truly lover and f****r of Executives. I am surprised that this man only remembers the names of Hassan Pervaiz and Nadeem Naqvi. ( I have not worked with Hassan Parvaiz so I can’t comment but he was the Manager in Tampa when the American Authorities raided the Bank for money laundering). However I admit that I found Nadeem Naqvi as an intelligent Banker, but don’t forget his father was on the top post since 1972 and Nadeem Naqvi got his education quite comfortably in America and he joined BCCI readymade as an Officer in late 1980 and was placed in Park Lane Branch under the Managership of Saaaaaaaaaaaaaaaala Sahaab.
Could someone from UK Staff tell me who was Saad Shafi, and where he was placed and did he ever worked in Leadenhall St Branch and please tell me in detail. I do get lots of phonecalls, but please put up comments here as well.
At listen to this crap……..Amir Sidikki is living in his old house in Karachi. Amir Siddiki is right there in London….you bloody fool………and is it old house in London, ummmmmmm.
A phony name, a pseudo character, a frustrated soul known as – wassem jafree
My name may sound alien to you because, I never met the janitors of BCCI branches hence you are one of the those unlucky ones who didn’t get an opportunity to see me.
Apart from Agha Saheb and Naqvi Sahab, Mr. Amir Siddiki, Mr. Saleem Siddiqui, Mr. Nadir Rahim, Mr. Abdul Hafeez, Mr. Mohammad Azmatullah, Arjumand Naqvi, Imran Imam, Askari Hasan Khan, all those who were on Agha Sahab’s floor at Leadenhall street knew me very well. Even your UK region General Manager Mr. Vilayat Hussain Abedi knows me. Among the UK managers, Hashim Raza Rizvi, Samar Hamid, Shafiq ur Rahman Khan and a few others they also know me.
Mr. Akhtar Anis of International relations, Mr. Fakher Hussain and all the other senior executives of Middle East and Far East regions such as Mr. Zafar Iqbal, Mr. Bashir Tahir, Mr. Ashraf Nawabi, Mazhar Abbass, Arif Kamal, Umar Khan and all, they know me. So its a big loss in your life that you don’t know me.
BTW, I am the one and only Javed Ali Khan from the Middle East region who was invited by Agha Saheb to attend all the management meetings in London and all the annual conferences starting from Geneva, Athens, Vienna (twice) and Luxembourg. So you are really unlucky not to know me.
So, if you wish to see me call 1-800 Make A Wish Foundation may be they will help you.
You may have had a personal grudge against Salman Burney for whatever reasons but, the fact is he was a very hard working officer when he was in Abu Dhabi. He used to work late and complete his work without anyone asking him to do so. In the UAE there were two shifts 8:00 a.m. to 1:00 p.m. and again 4:00 p.m. to 7:00 p.m. and everyone used to work late because of the volume of work. And, Salman was very dedicated, humble and friendly with his staff, he had no airs for being the son of a senior executive. So you keep your claptrap theory to yourself.
If you are the son of your father then you better write your real name and the branch or the department where you worked, but you don’t have the guts and the courage to mention it because you are are coward assO.
wassem or wuss? Jafree
As regards your jealousies about Amir Siddiki living in his house in London, so bloody what? When he was offered the TOP post of the bank in Habib Bank Ltd. in Karachi, he refused it and joined BCCI. He was not a pauper like you.
He was also holding the undisputed number two post in the BCCI after Naqvi Sahab. As an executive he was getting a good salary if he could afford to live in a good house, so what’s your problem? Those days the value of property was low and many people have one or two homes, whats the biggy? Especially when they have earned, they have the right to spend and enjoy life.
The fact is you have been living in slums all your life so, for you anyone’s house or his lifestyle bothers you. If you want to see the lifestyle of other bankers in the Europe, North America or even in Pakistan you should come out of that dry well where you have been living all your life and croaking like a toad (toad means Duddoo, Maindak, it means you wassem jafree) and you are dreaming that some Jamadaarni will come and kiss your bald head and you will turn into a Prince Jamadar?
Ps
Keep singing, ” Umariya beeti jaye, koi Jamadaarni na aye.”
Attn: Mr Iqbal Zafar
==============
Do you have any idea who is this chu*** Javedalikhan because lots of people are unfamiliar with his name and picture. This fellow has really gone mad as you know very well where is Ameer Sidikki these days.
Tomorrow, Salman Burney is going to get ‘desi chithroll’ in HabibSons, Picadilly.
But I am particularly interested in knowing who is Saad Shafi ?
Zafar Saheb, please reply. Thanks
LOL @ Bhangees Paradigm
Now wuss has taken a U-turn and addressing Zafar Sahab as “Zafar Sahab” and also using words like, “PLEASE”. Ha, ha ha what a pathetic wuss you are.
Hey wuss…… how come you are being so polite towards Zafar Sahab?
Above, in all your previous comments you have written at least a dozen times that ALL the BCCI executives are crooks and criminals and, you’ve cursed them like you are a Bewa and a frustrated Bhaand and suddenly you are begging and pleading to Zafar Sahab and asking him to let you know who I am?
For your information, I was in the Middle East region for almost 2 decades and between 1983 and 1991 I was in the BCCE Head Office at the Cornish Road, Abu Dhabi as Marketing in-charge for the whole of the UAE.
And, I used to sit on Zafar Sahab’s right hand side on a similar brown leather table meant for executives,
designed by Haleem Harmoush the Lebanese interior decorator who designed most of the BCCI branches. Perhaps you never heard all this before in your life because, you were sweeping the BCCI toilets all your life.
First of all Zafar Sahab has no time to read your claptrap and he would never ever reply to you. I am giving this retort to you on the basis of tit for tat because, someone has to show you your place i.e., where you belong, which is not even in the shoe closet but, in the municipality trash bin.
@fake-name/Javedalikhan
You are genuinely hard pukka chu***, because you mixing it up with Zafar Iqbal Chaudhry (of UAE) and I once again ask you…. bloody fool…. read the title carefully, who I have addressed to…..and for your information I have already received a phone-call from HIM today and once again many people have told me that they don’t recognise your picture or your name and you are just a stupid lover and f****r of Executives. Many people have confirmed you were not in BCCI……..so get lost now.
And as far as Zafar Iqbal Chaudhry (of UAE) is concerned he will never forget the bollockin’ I gave him on 22 June 1990 on the First Floor right in front of Swaleh Naqvi. Just remember in June 1990 he was in London (and not in Abu Dhabi). As a matter of fact quite a few people got a genuine bollockin’ from me on that day on the 4th Floor as well including Mazher Abbas and Saleem Siddique.
Javed,
He is talking to Iqbal Zafar not Zafar Iqbal Chaudhary.
This fellow was a manager or officer in UK.
@ All Baba’s
2 time please
please larrayi bend karain aur mujhay yeh batayen k hua kia tha … please … i wanna know this … and so every one else from youngsters …. i watched a site where there were many conspiracy theories listed which were proven to be true and one was of BCCI … is it true .. was there any conspiracy at all or none .. or what
my first boss was an ex BCCI’n and he used to say that we (he and his fellows) are responsible for all this …
seriously we are confused … we as nation .. youngsters we dont know what happened exactly .. can any one tell what was behind the scene …
Mujtaba- the answer is not so simple. There were micro problems and macro. Some people who can’t see beyond there two penny ha’penny job loss see the problems of nepotism and executives living in palatial houses. These problems were there but these did not cause the bank to close. These are minor problems which are there in every large organization but they carry on. Some people were also corrupt and made money outside their salary, which was bad too but is also quite common. The macro problem was the huge bad loans to Gokal Group which kept becoming bigger every year and became bigger then the capital of the bank. But even this would not close the bank as Ruler of Abu Dhabi had underwritten all losses. So if no one was going to lose money , why close the bank? Therefore there was no reason to close the bank for financial reasons. So what was the mega problem. Bhai, banking and finance is a gora business. If barbarians succeeded, that would be a great insult and maybe a future threat. Next they might capture insurance, media and trade amongst the 3rd world. That would be disaster. Therefore kill it.
Understand.
Waheed Nasim
You have very well summed up the problems in a short paragraph and, that is the gist of what actually happened. However, what you have said, will not go into the heads of some thick skin simpletons who could not see beyond their desks as they have blinkers over their eyes.
I would like to add one more point to that, had the BCCI not moved the CSO from London to Abu Dhabi, had they appointed a gora like an ex-CEO of Bank of England or someone very powerful and influential as President of the Bank, the bank may not have been closed. Anyways, this is just an IF and BUT theory. But, I was of this opinion and floated this idea in 1990 but, no one paid any heed to my rantings.
This TV progamme was meant to remember Agha Sahab but, we got distracted by the blabbing of a thankless grumbler. So, let us discuss and remember the good deeds that Agha Sahab has done not just for a few people, but for hundreds and thousands of people.
The truth is Agha Sahab revolutionized the banking industry in Pakistan by creating UBL and then BCCI. Prior to that there was no competition, in fact there was monopoly in the banking industry and Habib Bank was the leader in Pakistan Banking. Therefore, we need to give Agha Sahab a tribute for his unmatchable and incomparable services to the banking industry.
When I was in the UAE, I visited India a few times upon the invitation of Reserve Bank of India and also to meet the officials of the BCCI Bombay operations. After my meetings and I visited a few big local and foreign banks in India. I realized that the quality of banking in Pakistan was and, perhaps it still is far superior than what the Indian banks offered to their general public.
The branches I visited had huge counters, where as a customer you cannot see what is behind those counters and some local banks were using token system. Meeting an officer of the bank was next to impossible for a small customer, he only used to deal with the counter clerks and cashiers through that glass window hole. Whereas in UBL and BCCI, they have open plan and low counters, most officers were seen at the counters and walking into a manager’s room was very easy for a customer. In the UAE they used to simply walk in to the manager’s room.
When BCCI Bombay started its operations, it was doing great business, because their set up was the same as any other BCCI branch. And, just one branch’s profit was over US$15 million and they were ahead of many foreign banks operating in India in terms of quality service. All this is because of Agha Sahab’s vision who actually wanted to make BCCI a real global bank, a service oriented bank.
I remember Agha Sahab’s speech in China, he talked about Marketing and he said, “Marketing is not about delivering goods and services only, it is about the glory and grace of mankind.” The leaders of the third world countries hailed his speech. He was a very calm, composed and a very simple person but a very powerful orator who could convey a lot of meanings in just a few words, he could touch your feelings and emotions and reach your hearts. There was a great charisma in his personality, except for once, I never saw him getting upset.
The only time he was upset was at the Annual Conference in Luxembourg. He realized that in the previous annual conferences some managers and even executives came to the conference with prepared speeches and when confronted with a question on the ethos of the organization or on the corporate philosophy of the bank, they used to read out their prepared speeches, some of which was out of context and, of course monotonous and, did not serve the purpose of the gathering.
So, in the Luxembourg conference he made seating arrangements according to a plan with seat numbers and rows. And, he had a copy of that seating plan with him, so he knew exactly who is sitting where?
At the beginning of the Luxembourg conference (like he did in the Vienna conference also) he briefly talked about me and he mentioned my name and talked about my achievements and he reminded everyone present there to know that he loves not just because of my performance, my contribution and my achievements BUT, also because of the psyche and the mould of my Being.
He further added that as a founder of this bank, he loves all those who have performed and excelled. Then, after a while in his expose he posed a question to Mr. Sadiq Dar executive in-charge of Oman region and the question was, “What is the mould of your Being?” Mr. Dar started his speech and within 2 minutes Agha Sahab stopped him by saying, ” I don’t want to hear this, I want to hear what exactly is the mould of YOUR Being?” Mr. Dar continued his speech and Agha Sahab interrupted again with the same question. Then he asked the same question by taking names of a few other senior executives and managers.
He wasn’t getting the answer he wanted to hear, so he was a bit agitated and upset and, everyone in the conference hall realized that this is not the same Agha Sahab. He threw the same question to a few more people and no one could give him a reply he wanted to hear. So, he said, ‘this is what I don’t like that you all come here to attend the conference with your prepared notes and speeches and read them out.
Then he looked at the seating plan and looked towards me (I was at least 50 meters away from him) and he said, “OK you tell me what is the mould of your being?” I tried to duck behind the man sitting in front of me, because I was not prepared. The man in front of me, tried to say something assuming that Agha Sahab wanted him to say or reply to his question, Agha Sahab said, “NO, not you, I am asking YOU Mr. Javed Ali Khan.”
In Feb. 1984 at the Vienna Conference, a night before the conference he called me to attend an exclusive meeting he was holding with the senior executives and he had this letter in his hand which I wrote to Mr. Amir Siddiki a few months ago, as Mr. Siddiki asked me to narrate my feelings about my exclusive meeting with the President in London in September 1983.
Agha Sahab was very impressed with that letter and asked me to express my feelings in the conference the following day. That gave me some time to prepare my notes on those lines and I was able to say a few words, speeches at huge gatherings is not my forte yet, I was able to say what he wanted to hear and got a lot of applause. But, in Luxembourg I was taken by surprise. I wasn’t prepared at all and I knew I will get a tough time like he gave to others.
Anyways, when he said, “I am asking YOU Mr. Javed Ali Khan.” I said to myself, Javed Ali Khan you are doomed now, because Agha Sahab is in a bad mood and he has not spared the senior executives, especially the likes of Mr. Sadiq Dar so, who am I?
Reluctantly and slowly, I pulled the mike towards me and cleared my throat and I said, “ME?” He said, yes YOU! What is the mould of your being? My spontaneous reply was: “Ummmm, Ahemmmm — I thought you are not going to ask me this question.” He was very serious and he asked me, WHY?
I said, “Because you already know the mould of my Being. Remember, a while ago you mentioned my name and you said, “I love you and it is not just because of who I am or because of my extra-ordinary performance, my contributions and my achievements BUT, because of the psyche and mould of my Being.
Didn’t you say this? ” He said, “YES.” Then, I smiled and posed a tricky question in a very sharp tone, “Agha Sahab, how can you love someone when you don’t know the mould of their Being? And, why do you have to hear it from me when you already know it?”
There was total silence in the hall, then there was a faint smile on Agha Sahab’s face and Naqvi Sahab couldn’t control his laugh, and taking that opportunity everyone in the conference hall not only laughed but, started clapping loudly for over a minute.
Trust me Mr. Waheed Nasim, that clapping was not in appreciation of what I said, because, it wasn’t a very concrete reply to his question, but everyone took my comment as an escapade, a harmless prank, a bold reply, an opportunity to defuse the tense situation that was building up. Then, Agha Sahab also started smiling ……… and looked at Naqvi Sahab, they were all laughing. And, then there was a coffee break. During the coffee break everyone was patting my back, telling me that I saved everyone from a situation that could have lead ……… God knows where!
What I have just written above is not a story, or anything to boast about, but this is just to share this incident with you and others on the blog. And, anyone who was present in that Luxembourg Conference would remember it for sure. So, you may ask those who have attended that conference to verify whether I am telling the truth or not?
That was the only moment I saw Agha Sabab losing his cool, otherwise during the year 1983 till 1988 i.e., the time when he had a stroke, I was fortunate enough to be with him in most meetings in London and almost in every single meeting in the UAE. If fact from the time of his arrival in the UAE at the airport, till the time of his departure, it was my job to organize and attend his meetings. I NEVER, saw Agha Sahab losing his cool. He was always smiling. He was a man who was like a father figure not only for me but, for most of us in the bank. Those who talk bad about him or curse him are either insane or they have no conscience at all.
I would like to dedicate this verse of Allama Iqbal for Agha Sahab.
“Hazaaron saal nargis apni benoori pe roti hai,
badi mushkil se hota hai chaman mein deedawar paida”.
God bless you, Mr. Javed Ali Khan and God bless Agha Sahib. It’s a regret I didn’t have the honour of meeting either of them in person. As for those you are bent upon distorting the truth, may Almighty bless them with ‘hidayat’. Mr. Javed Ali Khan has taken a courageous stand over here which speaks volumes of his character where as I chose to ignore unprovoked insult for the reason that one doesn’t bite back if bitten by a dog.
History of mankind is witness to the fact that no matter what happens, Truth tends to prevail at last.
History will be the ultimate judge of all.
Regards
@waseemjaffery………..OK…I take your point that you are 27 yr old son of (late) Basharat Malik, but I must tell you that your father was HEAD OF THE UK INSPECTION TEAM, and he failed very badly in carrying out his duties. When the Police Serious Fraud Office raided the Corporate Business Branch and arrested Asif Baakza for money laundering, I personally asked your father to come out and say loud and clear that his Inspection Team has NOT found any evidence of Money Laundering in UK Branches.
you been saying all the time that BCCI was involved in money laundering,than why did you ask Mr Masharat Malik to come forward and say loud and clear there was no evidence of money laundering in UK Branches………………..can u c the contradiction?
Javedalikhan u worked in Abudhabi for many years…………..kaya aap Anis Ahmed Raja ko jantay hain?
Re: anis49
The above name or the name of Anis Ahmed Raja sounds very unfamiliar in UK circles. Does anyone knows this fellow.
I spoke to Tariq Rahmat in Canada and he said that he is not familiar with Anis Ahmed Raja and he also told me that he does not recognize the picture or name of JavaidAlikhan. Please be advised that Tariq Rahmat was one of the early staff members who joined BCCI in 1973 in Abu-Dhabi and he was with BCCI in Abu-Dhabi when the Bank was closed down.
Javed Khan
Like that Wuss Jafree, you also seems to be a phony person because, now I doubt about your genuineness too. Because, Tariq Rahmat not only knows me from Dubai and later when he was in Abu Dhabi we used to visit each others house. And, we recently talked on telephone, when he was in Toronto on vacation, he said his family is in Toronto and he is in Bahrain. So, you are obviously lying that you talked to him. There is no way Tariq can say he doesn’t know me.
I know one Javaid who used to be in-charge of credit in Park Lane branch near London Hilton and was working under Samar Hamid who was manager then. And this Javaid I am referring to is son-in-law of Mr. Akhlaq Ahmad (executive in BCCI Luxembourg) and I am sure he remembers me because, when I went to London with my family he invited us for dinner at his house.
anis49
I know one Raja Saeed from Dubai (Al Maktoum Branch) he was a supervisor, nice guy. And, I also know Ather Anis who was in-charge of credits in BCCI (overseas) Main Branch in Abu Dhabi during the time of Hyder Rizvi and Kirmani as managers. Ather Anis was later transferred to London and he was working under Mr. Saleem Siddiqui at the CSO. But, this name Anis Ahmad Raja doesn’t ring the bell to me.
Correction:
Typographical error in my previous dispatch of March 26, 2010 at 09:06am is regretted.
Second sentence may kindly be read as: “As for those WHO are bent upon distorting the truth, may Almighty bless them with ‘hidayat’ ( instead of “as for those YOU are …” ).
Regards
Hi all,
We are in of publishing a book on Agha Hasan Abedi with an indepth research on the sudden collapse of BCCI in 90′s,
We would like to add interviews of people who had worked for BCCI or in anyway, were connected to Agha Hasan Abedi.
Whether pro or against, please do contact us. Even if you have a slightest bit of information, picture or content.
We have put up a website http://www.aghahasanabedi.com/ for your contributions – please feel free to visit and email us your articles, comments or any information which can be useful for readers.
Please contact us on info@aghahasanabedi.com
Thanks
M. Lilani
Azadar Publishing
London
+44-7930-361882
waseemjaffry-
bro, some of your basic data is incorrect. For example, Dildar Rizvi Saab has had only one wife from day one till today. He married a divorced lady and has raised her children like his own. I worked closely under him and followed him around to learn from him. During a time when the world looked arrogantly at a woman who was a divorcee, he was bold to step out of the norm and marry this wonderful lady. I crossed paths with him on many occasions over the 3 decades of UBL/BCC and know this to be a fact. One marriage for this man.
Get your a$$ out of the rat hole and wake up bro.
Or else go rot bro. You need to see a neurologist. Or better still a vet.
Thug Usman.
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