Swaleh Naqvi
{{short description|British Pakistani white-collar criminal}}
{{Infobox person
| name = Swaleh Naqvi
| image =
| caption =
| birth_name = Sayaid Mohammed Swaleh Naqvi
| birth_date = 1933
| birth_place = Agra, British India
| death_date = {{Death date and age|2019|09|07|1933|||df=y}}
| death_place = Karachi, Pakistan
| occupation = Banker
| relatives =
| children = 5
| criminal_charges =
| criminal_penalty = 8 years
| criminal_status =
}}
Sayaid Mohammed Swaleh Naqvi (1933 – 7 September 2019) was a Pakistani-born British-Swiss banker and convicted felon who was the chief executive officer of Bank of Credit and Commerce International.{{Cite web|url=https://find-and-update.company-information.service.gov.uk/officers/i2F4ewsAqmilCBLXyI42-9OdpQY/appointments|title=Swaleh NAQVI personal appointments - Find and update company information - GOV.UK|website=find-and-update.company-information.service.gov.uk}}{{cite news |last=Walsh |first=Sharon |title=FORMER BCCI OFFICIAL NAQVI SENTENCED TO PRISON |newspaper=The Washington Post |date=20 October 1994 |url=https://www.washingtonpost.com/archive/business/1994/10/20/former-bcci-official-naqvi-sentenced-to-prison/89b1ab92-fd45-40fc-b904-bb2cbdc8a63c/ |access-date=17 December 2021}} He was convicted in the BCCI banking fraud and served jail time for eight years.{{cite news |last=Willcock |first=John |title=BCCI chief sentenced to eight years |newspaper=The Independent |date=19 October 1994 |url=https://www.independent.co.uk/news/business/bcci-chief-sentenced-to-eight-years-1443992.html |archive-url=https://ghostarchive.org/archive/20220526/https://www.independent.co.uk/news/business/bcci-chief-sentenced-to-eight-years-1443992.html |archive-date=2022-05-26 |url-access=subscription |url-status=live |access-date=17 December 2021}}
Early life and education
Swaleh Naqvi was born in 1933 in Agra, British India.{{Cite web|url=https://fp.brecorder.com/2019/09/20190917518281/|title=Soyem of Swaleh Naqvi held – Business Recorder}} He migrated to Pakistan with his family in 1947, settling in Karachi. He earned a BA in English and economics, followed by an MA in Persian from Government College.
Career
Naqvi began his career at Habib Bank Limited, then moved to Muslim Commercial Bank, working in East Pakistan. In 1959, he joined United Bank Limited, eventually leading its East Pakistan division.
In 1972, Naqvi left United Bank Limited to assist Agha Hasan Abedi in establishing Bank of Credit and Commerce International (BCCI). The bank expanded internationally, operating approximately 400 branches across 72 countries. It was among the earliest foreign banks permitted to operate in China, where it opened a banking training facility in Shenzhen. In 1978, he was appointed as the secretary of BCCI.
After Abedi suffered a severe heart attack and became incapacitated in 1988, Naqvi was appointed chief executive officer (CEO) of BCCI, upon recommendation from the bank's major shareholder, Sheikh Zayed bin Sultan Al Nahyan.{{Cite news |title=Down memory lane: 24 years on, BCCI saga still haunts |newspaper=The Express Tribune |date=28 March 2015 |url=https://tribune.com.pk/story/860167/down-memory-lane-24-years-on-bcci-saga-still-haunts/ |access-date=17 December 2021}}
In October 1994, Naqvi was jailed for eight years in the BCCI banking fraud and was fined $255.4 million by a U.S. federal court.{{cite news |last=Lewis |first=Neil A. |title=Former B.C.C.I. Chief Given 8-Year Jail Term |newspaper=The New York Times |date=20 October 1994 |page=D2 |url=https://www.nytimes.com/1994/10/20/business/former-bcci-chief-given-8-year-jail-term.html |access-date=17 December 2021}}{{Cite news |title=Prison term: Former top BCCI executive Swaleh... |newspaper=Chicago Tribune |date=19 October 1994 |url=https://www.chicagotribune.com/news/ct-xpm-1994-10-19-9410200054-story.html |access-date=17 December 2021}}
Death
References
{{reflist}}
{{Authority control}}
{{DEFAULTSORT:Naqvi, Swaleh}}
Category:Indian emigrants to Pakistan
Category:Bank of Credit and Commerce International people
Category:British chief executives
Category:Pakistani chief executives
Category:Pakistani emigrants to the United Kingdom
Category:Pakistani people imprisoned abroad
Category:Pakistani white-collar criminals
Category:Swiss chief executives
Category:Swiss people of Pakistani descent