Price Waterhouse, the prestigious London accounting firm, published annual statements, giving BCCI its unqualified approval.21 The Kerry Commission later concluded that the Price Waterhouse accountants “failed to protect BCCI’s innocent depositors and creditors from the consequences of poor practices at the bank of which the auditors were aware for years.”22 In 1991, the BCCI, like so many other CIA banks, went bust, leaving a financial hole of $13 billion.
