NY Senator (Schumer): Bank Officials Need to Oust Former Fugitive from Bank Manager Job

Source: ABC News

ABC News Revealed Saad Shafi Running LA Bank Despite Connection to Corrupt BCCI Bank

A member of the Senate banking committee, Sen. Charles Schumer (D-NY), has called on bank regulators to "remove" a one-time fugitive and accused money launderer, Saad Shafi, from his job as the manager of a Los Angeles bank.

Schumer was reacting to an ABC News investigation that found Shafi was able to get his job, and U.S. citizenship, despite fleeing the U.S. in 1988 after he was indicted in a case involving the BCCI bank and accusations the bank helped hide millions of dollars for Colombian cocaine bosses and former Panamanian dictator Manuel Noriega.

"I am utterly amazed that someone at this high a level, and this visible, in the middle of a major scandal can come back into this county and without blinking an eye be allowed to run a major bank," said Schumer, who called the situation "shocking."

"I think the bank examiners ought to figure out a way to remove this person," he said.

Shafi fled the U.S. for Pakistan in 1988 after being indicted by a federal grand jury on charges he and other executives at the Bank of Credit and Commerce International, BCCI, helped Colombian drug bosses and Panamanian strongman Manuel Noriega hide millions in drug money.

Read more: http://abcnews.go.com/Blotter/sen-schumer-calls-bank-officials-remove-saad-shafi/story?id=8940818

Polanski hosting "To Catch a Predator?"

You can't just whack 'em. Gotta have a sit-down first.

If I fled the country, I bet the charges would not be dropped.

Did Bush* politics allow this? With all the bullshit stemming out of the 80s ... it comes back to hit us in the face again.