The Bank of Credit and Commerce International (BCCI) suffered a catastrophic and sudden collapse after international audits and regulatory investigations uncovered massive, systemic financial fraud, money laundering, bribery, and illicit intelligence operations spanning multiple continents. Regulators across dozens of countries coordinated an unprecedented simultaneous closure of its branches worldwide to prevent further asset stripping. Court-appointed liquidators initiated complex, multi-decade asset recovery proceedings to claw back funds for defrauded depositors and creditors, resulting in one of the largest and most intricate corporate banking scandals in modern financial history.