The Financial Sector Supervisory Commission, of Luxembourg seizes the (private) Bank of Commerce and Credit International, which had become insolvent and hopelessly corrupt.

       Postscript: In the years following the seizure of BCCI investigators found that the bank had been used by the Central Intelligence Agency to funnel over 2,000,000,000 “dollars” in covert aid to the Osama bin Laden’s Mujahadeen, in the Soviet-Afghan War; and military dictator Saddam Hussein, in the Iran-Iraq War.  BCCI was also used by the National Security Council to launder money in the Iran/Contra/(cocaine?) Connection.

       [restored 2/11/2023]