VOL. XLVI
No 21
26-May-2003
GENERAL
BCCI Liquidators Announce Fourth Dividend For Creditors
Liquidators for the collapsed Bank of Credit and Commerce International (BCCI) announced on 21 May that creditors are to get a fourth dividend (due late June) of $1.2bn or 15% of the current $8.2bn claims. So far creditors have been paid 75% or $5.7bn. BCCI, which was majority owned by Abu Dhabi was closed in July 1991 after the Bank of England uncovered global fraud. More payouts are expected after chief...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!