The liquidator of the Bank of Credit & Commerce International has won a High Court judgment in London for £17 million ($28 million) against former employees and relatives of a loans officer at the bank, which was closed in 1991. Two million pounds of the total, representing the value of four residential properties and a unit on an industrial estate in London, will be available immediately to the liquidator, Deloitte & Touche, reported the Financial Times newspaper.
Articles Banks & Trusts Cayman Islands Fraud Liquidations & Insolvencies United KingdomMarch 31, 1998
BCCI liquidator wins High Court judgment
25 years ago
TopicsBanks & Trusts Cayman Islands Fraud Liquidations & Insolvencies United Kingdom
KeywordsBank of Credit and Commerce International Liquidations & Insolvencies Naseim Ahmed Sarfaraz Khan