BCCI depositors fly in
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.AROUND 250 depositors representing $2bn lost when BCCI went bust in 1991 (pictured) have flown in to London for today's annual meeting of the BCCI Depositors' Protection Association.
They will meet at the offices of Deloitte & Touche, the UK-based liquidators, while the bank's co-liquidators from the Cayman Islands and Luxembourg will also be present. BCCI's operations in more than 60 countries were closed by regulators after years of fraud, which left creditors nursing losses of over $10bn. The liquidators have paid back 46 per cent to creditors so far, and today's meeting will discuss the possibility of further payouts.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments