BCCI delay

Friday 13 January 1995 00:02 GMT

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A long-awaited settlement for BCCI creditors was delayed over objections from U.S. authorities about unblocking frozen funds, one of the liquidators said in a letter to a Luxembourg court.

Creditors had expected the court to approve a $1.8bn settlement on Thursday between the liquidators of the Bank of Credit and Commerce and Abu Dhabi, the majority shareholder of the collapsed bank.

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