Agha Hasan Abedi

[3][4] Before his death, he was convicted by the United Arab Emirates court of fraud and sentenced to eight years in prison.

[2] Agha Hasan Abedi was born in Lucknow, British India, to a Urdu Speaking middle class family with members who served as advisors and courtiers to the Nawab of Awadh.

One of the first to comprehend the opportunities offered by the oil boom in the Persian Gulf, Abedi pioneered close economic collaboration in the private sector between Pakistan and the United Arab Emirates (UAE).

The UAE President, Sheikh Zayed bin Sultan Al Nahyan, extended his patronage to UBL operations both in Pakistan and abroad.

In 1972, Abedi started the Bank of Credit and Commerce International (BCCI) initially with funding of US$2.5 million only.

[3] In July 1991, it was found by international regulators that the bank was involved in a massive fraud and money laundering for Colombian drug cartels, Abu Nidal Organization, and Central Intelligence Agency.

"It was founded by the charismatic Agha Hasan Abedi in 1972, backed by Middle Eastern investors and run mostly by the South Asians.

Abedi also contributed funds to establish Ghulam Ishaq Khan Institute of Engineering Sciences and Technology.