1. BCCI’s Outrageous Crimes
Loss: £20 billion
Year: 2012
Bank of Credit and Commerce International holds the infamous first place in our list of 10 biggest recent accounting scandals in UK. It took 21 years to finally make them pay this fine and force them to go bankrupt. You have read about various types of recent accounting shocking frauds, so what made this one the biggest British banking scandal? Let’s just say that The Guardian informed us the crimes were of various kinds, from arms trafficking to prostitution. Sadly, first, place well deserved in every view.
