to US$1.2 billion, three times the bank's capital. The case of Nazmu Virani the UK based property tycoon also borrow £500 million unsecured which was widely reported. Longstanding banking practice dictates that a bank not lend more than 10% of its capital to a single customer. Money laundering In addition to violations of lending laws, BCCI was also accused of opening accounts or laundering money for figures such as Saddam Hussein, Manuel Noriega, Hussain Muhammad Ershad, and Samuel Doe, and for criminal organizations such as the Medellin Cartel and Abu Nidal. Police and intelligence experts nicknamed BCCI the "Bank of Crooks and Criminals International" for its penchant for catering to customers who dealt in arms, drugs, and hot money. Both Syed A. Hussain (b. 1960 or 1961) and Amjad Awan, (b. 1946 or 1947) a Pakistani banker that headed the Panamanian branch of BCCI in the early 1980s, assisted Noriega with Noriega's accounts at BCCI. William von Raab, a former U.S. Commissioner of Customs, also told the Kerry Committee that the U.S. Central Intelligence Agency held "several" accounts at BCCI. According to a 1991 article in Time magazine, the National Security Council also had accounts at BCCI, which were used for a variety of covert operations, including transfers of money and weapons during the Iran–Contra affair. Investigations begin BCCI's demise began in 1986, when a U.S. Customs undercover operation led by Special Agent Robert Mazur infiltrated the bank's private client division at Tampa, Florida, and uncovered their active role soliciting deposits from drug traffickers and money launderers. This two-year undercover operation concluded in 1988 with a fake wedding that was attended by BCCI officers and drug dealers from around the world, who had established a personal friendship and working relationship with undercover agent Mazur. At the same time he was dealing undercover with BCCI executives, Mazur used his undercover operation to establish a relationship with the hierarchy of the Medellin Cartel as one of their sources for laundering drug proceeds. Mazur's and others' roles in the sting operation were highlighted in the film The Infiltrator (2016). In 1988, the bank was implicated for being the center of a major money laundering scheme. After a six-month trial, BCCI, under immense pressure from U.S. authorities, pleaded guilty in 1990, but only on the grounds of respondeat superior. While federal regulators took no action, Florida regulators forced BCCI to pull out of the