The Sandstorm report is the name of the secret report submitted on June 24, 1991 by financial consultants Price Waterhouse to the Bank of England, showing that the Bank of Credit and Commerce International (BCI) had engaged in widespread fraud, and that organizations regarded as terrorist groups had maintained several accounts in BCCI in London, with the apparent knowledge of the British and American intelligence community. Sandstorm was Price Waterhouse's codename for BCCI.
As a result of the information contained in the Sandstorm report, the bank was raided and taken over by regulators in seven countries on July 5, 1991. Estimates of financial losses range from $10 billion to $17 billion, though some of it has been recovered by the bank's liquidators, Deloitte & Touche.
Price Waterhouse (24 June 1991). (PDF) (Report). London: Bank of England. Archived from the original (PDF) on 21 July 2021. Retrieved 10 March 2021 – via Association for Accountancy & Business Affairs. The UK Government spent 20 years attempting to suppress parts of the document; these are highlighted in red boxes on this copy
Price Waterhouse (24 June 1991). (PDF) (Report). London: Bank of England. Archived from the original (PDF) on 21 July 2021. Retrieved 10 March 2021 – via Association for Accountancy & Business Affairs.
Kochan, Nick & Whittington, Bob. Bankrupt: The BCCI Fraud, London 1991
Adams, James Ring & Frantz, Douglas. A Full Service Bank, London 1991
, Erisk, June 2001, (via Internet Archive), retrieved October 1, 2007,
(pdf), made available by the Association for Accountancy and Business Affairs, retrieved November 9, 2005
List of BCCI reports, Association of Accountancy and Business Affairs, retrieved November 9, 2005
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sandstorm, report, name, secret, report, submitted, june, 1991, financial, consultants, price, waterhouse, bank, england, showing, that, bank, credit, commerce, international, engaged, widespread, fraud, that, organizations, regarded, terrorist, groups, mainta. The Sandstorm report is the name of the secret report submitted on June 24 1991 by financial consultants Price Waterhouse to the Bank of England showing that the Bank of Credit and Commerce International BCI had engaged in widespread fraud and that organizations regarded as terrorist groups had maintained several accounts in BCCI in London with the apparent knowledge of the British and American intelligence community Sandstorm was Price Waterhouse s codename for BCCI As a result of the information contained in the Sandstorm report the bank was raided and taken over by regulators in seven countries on July 5 1991 Estimates of financial losses range from 10 billion to 17 billion though some of it has been recovered by the bank s liquidators Deloitte amp Touche 1 See also editAgha Hasan Abedi Bank of Credit and Commerce International Abbas Gokal Abu Nidal The International 2009 film References editPrice Waterhouse 24 June 1991 Report on Sandstorm SA Part 1 PDF Report London Bank of England Archived from the original PDF on 21 July 2021 Retrieved 10 March 2021 via Association for Accountancy amp Business Affairs The UK Government spent 20 years attempting to suppress parts of the document these are highlighted in red boxes on this copy Price Waterhouse 24 June 1991 Report on Sandstorm SA Part 2 PDF Report London Bank of England Archived from the original PDF on 21 July 2021 Retrieved 10 March 2021 via Association for Accountancy amp Business Affairs Kochan Nick amp Whittington Bob Bankrupt The BCCI Fraud London 1991 Adams James Ring amp Frantz Douglas A Full Service Bank London 1991 Case study Bank of Credit and Commerce International Erisk June 2001 via Internet Archive retrieved October 1 2007 An incomplete copy of the Sandstorm report pdf made available by the Association for Accountancy and Business Affairs retrieved November 9 2005 List of BCCI reports Association of Accountancy and Business Affairs retrieved November 9 2005 nbsp nbsp This article related to the history of the United Kingdom or its predecessor states is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Sandstorm report amp oldid 1189392279, wikipedia, wiki, book, books, library,
