BCCI Liquidators Withdraw Case Against the Bank of England

The case brought by the liquidators of the Bank of Credit and Commerce International against the Bank of England and 22 of its present and former staff collapsed this morning when all the allegations were unconditionally withdrawn in the High Court.
Published on 02 November 2005

Mervyn King, Governor of the Bank of England, said: “I am delighted that the allegations of dishonesty against 22 staff of the Bank of England have been unconditionally withdrawn. There has never been a shred of evidence to support these disgraceful allegations, and the case has collapsed as we always expected it would. The Judge himself said this morning that the allegations against all 22 Bank Staff were “wholly without foundation”.

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