U.S. Government Indicts Bank Companies in BCCI Case

On October 11, 1988, the U.S. Attorney for the Middle District of Florida, and a host of U.S. agencies, announced the indictments of thirty-four defendants, including an international financial institution.  The indictments are the result of a two-year undercover investigation under the auspices of the Organized Crime Drug Enforcement Task Force, conducted by the U.S. Customs Service and the Internal Revenue Service in conjunction with the Drug Enforcement Administration and the Federal Bureau of Investigation, and with the assistance of the British and French Customs Service.