Banca Nazionale del Lavoro

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Group.png Banca Nazionale del Lavoro  
HeadquartersVia Vittorio Veneto 119, Rome, Italy

In 1989 it was revealed[By whom?] that the Atlanta, Georgia branch of the bank was making unauthorized loans of more than US$4.5 billion to Iraq, many of which were guaranteed by the United States Department of Agriculture's Commodity Credit Corporation program. The loans were allegedly intended to finance agricultural exports to Iraq, but were diverted by Iraq to buy weapons. The branch manager, Christopher Drogoul, indicated that the bank's headquarters office was aware of these loans, but senior bank official denied this. Drogoul pleaded guilty to three felony charges and served 33 months in federal prison.[1]

The bank was the subject of work by Mark Lombardi.


  1. "Lone Wolf Or a Pack of Lies?". TIME Magazine. 26 October 1992. Retrieved 8 May 2012.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "CSS").

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