VOL. XXXV

NO. 22

2-MARCH-1992

Financial and Banking News

BCCI

NCB Issues further Details, Denying Malpractice in BCCI Debacle

Saudi Arabia's biggest bank, National Commercial Bank (NCB), has providedMEES with further details of the relationship between itself and BCCI, and hasreiterated its rejection of the allegations of malpractice made against it inthe Price Waterhouse (PW) draft report on BCCI which led to BCCI's closure lastJuly (MEES, 24 February).

In a statement faxed to MEES on 27 February,...