Bcci bank owner.
Agha Hasan Abedi
| Pakistani banker Date of Birth: 14.05.1922 Country: Pakistan |
Content:
- Biography of Agha Hasan Abedi
- The Birth of BCCI
- Influence and Controversies
- Downfall and Death
Biography of Agha Hasan Abedi
Agha Hasan Abedi, also known as Agha Sahab, was born in 1922 in Lucknow, India.
His parents immigrated to Pakistan after the partition of India in 1947.
Bcci bank scandal
Abedi worked as a bank employee and eventually became the president and chairman of the board of directors of United Bank Ltd (UBL) in Pakistan. However, he felt unsatisfied with the prospect of remaining a simple bank employee for the rest of his life and decided to start his own business.
In 1959, Abedi founded the United Bank of Pakistan (UBL), which became the second-largest bank in the country within 10 years.
However, in 1972, the government of Zulfikar Ali Bhutto nationalized all banks in Pakistan, including UBL. This was a significant blow to Abedi, considering that he had secretly finance