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A former executive of the Bank of Credit and Commerce International was charged Saturday with two counts of conspiracy, the first BCCI official to be charged in England in connection with controversial bank's collapse, police said.

Imran Iman, a former account manager, appeared at the City of London magistrates court Saturday. He was charged with two offenses of conspiring to falsely account for sums totaling $305 million.Iman was granted conditional bail until June 3, said a duty officer at Bishopsgate police station.