The Sandstorm report was the name of the secret report submitted on June 22, 1991 by financial consultants Price Waterhouse to the Bank of England, showing that the Bank of Credit and Commerce International (BCCI) had engaged in widespread fraud, and that organizations regarded as terrorist groups had maintained several accounts in BCCI in London, with the apparent knowledge of the British and American intelligence community. Sandstorm was Price Waterhouse's codename for BCCI.
As a result of the information contained in the Sandstorm report, the bank was raided and taken over by regulators in seven countries on July 5, 1991. Estimates of financial losses range from $10 billion to $17 billion, though some of it has been recovered by the banks liquidators, Deloitte & Touche.
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“Men are born to write. The gardener saves every slip, and seed, and peach-stone: his vocation is to be a planter of plants. Not less does the writer attend his affair. Whatever he beholds or experiences, comes to him as a model, and sits for its picture. He counts it all nonsense that they say, that some things are undescribable. He believes that all that can be thought can be written, first or last; and he would report the Holy Ghost, or attempt it.”
—Ralph Waldo Emerson (1803–1882)