ABU DHABI -- Agha Hasan Abedi, the founder of the collapsed Bank of Credit and Commerce International, and his top aide, Swaleh Naqvi, were among 12 former BCCI executives convicted yesterday on various charges of fraud.

Sentenced to prison terms ranging from three to 14 years, the BCCI executives were also ordered to pay a total of $9.13 billion in restitution to the Abu Dhabi government.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.