Friday 12 March 1999
THE COURT of Appeal yesterday rejected the appeal by a key figure in the Bank of Credit and Commerce International (BCCI) scandal against his 14 year prison sentence. Abbas Gokal was sentenced and ordered to pay costs of pounds 4.3m last April for his role as chairman of Gulf Group, a shipping company which was the the biggest single borrower from BCCI. He had conspired with senior BCCI officials to swindle the bank of $1.2bn, and was found guilty of false accounting and conspiracy to defraud. In giving his ruling, Lord Justice Rose said Gokal was at the heart of a highly sophisticated fraud, the largest experienced in the UK and with international consequences of great gravity.
United Biscuits profits rise
UNITED BISCUITS, the McVitie's and Hula Hoops snacks group, has started to shrug off a prolonged period of under-performance with a 4 per cent rise in underlying full-year profits to pounds 110m. The company, which this week lost its chief executive Eric Nicoli (pictured) to EMI, saw UK profits at McVitie's edge up by 2 per cent with strong performances from its Go Ahead, Hob Nob and Penguin brands. Separately it emerged yesterday that Keebler, the US snacks business UB sold two years go after a disastrous performance, is now enjoying soaring profits and market share.
BoS launches life insurer
BANK OF SCOTLAND yesterday entered the long-term savings business in earnest by launching its own life insurance company. The bank is linking up with Edinburgh Fund Managers and Legal & General to handle investment management, and five other companies. Gavin Masterton, managing director, said the new company, to be called Bank of Scotland Investors Club, would be able to "leapfrog" other companies by developing new-generation computer systems.
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Exclusive: Impact of immigrants on British workers ‘negligible’
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
The quiet diplomat: Catherine Ashton - recognised and admired in all the world’s troubled countries, yet ridiculed at home
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
- 1 Bad cattitude: Family call police after crazed and 'hostile cat with a history of violence' attacks baby before attempting to 'flee custody'
- 2 Family forced to flee home after discovering 'terrifying' nest of spiders in bananas
- 3 First Kiss: Filmmaker gets 20 strangers to make out on YouTube with awkward results
- 4 Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
- 5 Bob Crow death: 'Admired by his members, feared by employers' - Tributes pour in for RMT union leader and 'working class hero' Bob Crow
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