BCCI liquidator wins High Court judgment

By David Marchant

27 years ago

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Bank of Credit and Commerce International Liquidations & Insolvencies Naseim Ahmed Sarfaraz Khan

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.

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