Collapse of BCCI
Regulators in seven countries shut the 'Bank of Crooks' at once
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On 5 July 1991 regulators in seven countries raided BCCI's offices at once and shut the bank, and a Luxembourg court ordered it liquidated; about a million depositors were hit. Founded in 1972 by the Pakistani financier Agha Hasan Abedi with money from Abu Dhabi's ruler, it laundered funds for clients from Noriega to the Medellín Cartel.
Wikipedia (English) · 20th century
Meanwhile around the world (±25 years)
Whole world
- 1968 Nuclear Non-Proliferation Treaty — 23 years earlier
- 1980 Smallpox declared eradicated — 11 years earlier
- 1981 AIDS first described — 10 years earlier
- 1997 Kyoto Protocol — 6 years later
- 2008 Global financial crisis — 17 years later
Eastern Europe & Russia
- 1985–1991 Perestroika — 6 years earlier
- 1989 Revolutions of 1989 — 2 years earlier
- 1991 Dissolution of the Soviet Union — same year
- 1993 1993 Russian constitutional crisis — 2 years later
- 1994–1996 First Chechen War — 3 years later
Middle East
- 1989 9 April tragedy in Tbilisi — 2 years earlier
- 1990–1991 Gulf War — 1 year earlier
- 1990 Black January in Baku — 1 year earlier
- 1992–1993 War in Abkhazia — 1 year later
- 1993 Oslo Accords — 2 years later
Africa
- 1974 Lucy is discovered — 17 years earlier
- 1983–1985 The Ethiopian famine — 8 years earlier
- 1994 End of apartheid in South Africa — 3 years later
- 1998–2003 Second Congo War — 7 years later
- 2011 Independence of South Sudan — 20 years later
Asia
- 1966–1976 Cultural Revolution in China — 25 years earlier
- 1975–1979 The Khmer Rouge and the Cambodian genocide — 16 years earlier
- 1991 Eruption of Mount Pinatubo — same year
- 2004 Indian Ocean earthquake and tsunami — 13 years later
- 2011 Tōhoku earthquake and tsunami — 20 years later
Americas
- 1969 Moon landing — 22 years earlier
- c. 1970 Mass deforestation of the Amazon begins — 21 years earlier
- 1983 ARPANET adopts TCP/IP — 8 years earlier
- 1990 Launch of the Hubble Space Telescope — 1 year earlier
- 2001 September 11 attacks — 10 years later
Oceania
- 1992 The Mabo decision — 1 year later
Alive at the time
- Nelson Mandela (aged 73)
- Neil Armstrong (aged 61)
- Mother Teresa (aged 81)
- Ronald Reagan (aged 80)
- Richard Nixon (aged 78)
- Edmund Hillary (aged 72)
- Henry Kissinger (aged 68)
- Jimmy Carter (aged 67)
- Margaret Thatcher (aged 66)
- Fidel Castro (aged 65)