Mr. Clifford Testifies

"WERE WE deceived? Apparently we were deceived," Clark Clifford lugubriously testified before the House Banking Committee. No one now disputes that BCCI - the Bank of Credit and Commerce International - was an essentially criminal enterprise. Nor does anyone dispute that BCCI illegally owned a controlling share of First American Bankshares from the moment that a group of Arab investors bought it in 1982 and installed Mr. Clifford as chairman. As a condition of the sale, Mr. Clifford had assured the Federal Reserve Board that BCCI would neither own First American nor have anything to do with ru...