BCCI depositors fly in

Thursday 03 December 1998 00:02 GMT

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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.

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