[CTRL] Fwd: [cia-drugs] Bank of England ordered to release files in BCCI case

[Kris Millegan]

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-Caveat Lector- Why we need John Kerry as President?   http://www.fas.org/irp/congress/1992_rpt/bcci/ The BCCI Affair A Report to the Committee on Foreign Relations United States Senate by Senator John Kerry and Senator Hank Brown December 1992 102d Congress 2d Session Senate Print 102-140 EXECUTIVE SUMMARY Introduction and Summary of Investigation The Origin and Early Years of BCCI BCCI's Criminality BCCI's Relationship with Foreign Governments, Central Banks, and International Organizations BCCI in the United States - Initial Entry and FGB and NBG Takeovers BCCI in the United States - Part Two: Acquisition, Consolidation, and Consequences BCCI and Law Enforcement - The Justice Deparment and the US Customs Service BCCI and Law Enforcement - District Attorney of New York BCCI and Its Accountants BCCI, The CIA and Foreign Intelligence The Regulators Clark Clifford and Robert Altman Abu Dhabi: BCCI's Founding and Majority Stockholders Mohammed Hammoud: BCCI's Flexible Frontman BCCI And Georgia Politicians BCCI's Lawyers and Lobbyists Hill and Knowlton and BCCI's PR Campaign Ed Rogers and Kamal Adham BCCI and Kissinger Associates Capcom: A Case Study of Money Laundering Legislative and Policy Recommendations Appendix - Matters For Further Investigation, Witnesses and Writs ----- Original Message ----- From: Jim Rarey To: Distribution list suppressed Sent: Tuesday, March 02, 2004 1:04 PM Subject: [cia-drugs] Bank of England ordered to release files in BCCI case http://www.nzherald.co.nz/storyprint.cfm?storyID=3552387   Wednesday March 03, 2004   Bank of England ordered to release files in BCCI case 02.03.2004 - LONDON - Britain's central bank lost an appeal on Monday to keep sensitive internal documents under wraps in a lawsuit seeking almost £1 billion ($2.7 billion) over its role in the world's biggest banking fraud. England's Court of Appeal ruled that the Bank of England had to release up to 10 files worth of letters between the bank and its lawyers relating to the collapse of Bank of Credit and Commerce International (BCCI) in 1991. Lawyers for Deloitte, BCCI's liquidators, want to use the letters as part of their attempts to prove that the BoE knowingly did not protect BCCI depositors when the bank fraud resulted in the collapse of BCCI with debts of more than US$16 billion ($23 billion). The Bank of England had argued that the letters, which cover approximately the first year following BCCI's collapse, were covered by legal privilege and should be kept under wraps but the Court dismissed that argument. The central bank is considering petitioning the House of Lords, Britain's highest court, to see if it can appeal against the ruling. The first trial brought against the Bank of England, before a judge rather than a jury, kicked off in January and is set to last at least a year. BCCI was closed in 1991 by regulators in a worldwide swoop, partly organised by the Bank of England, after it discovered the lender had disguised losses and was insolvent. Founded in 1972 by Pakistani banker Agha Hassan Abedi, BCCI grew from a small, Asian bank to an empire spanning 69 countries with $20 billion of assets. A report the year after BCCI's collapse by Lord Bingham, now Britain's most senior judge, criticised the central bank for not spotting BCCI's criminal behaviour earlier but blamed poor communication and procedures rather than deliberate negligence. Deloitte and law firm Lovells have battled for more than 10 years to get some 300,000 internal Bank of England papers that document its discussions about BCCI. If the Bank loses its case and it has to pay out around £850 million, which Deloitte is seeking on behalf of 6,500 UK depositors, the bill could eventually end up with the British taxpayer. - REUTERS     ©Copyright 2004, NZ Herald Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org OM Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org OM Yahoo! Groups Links To visit your group on the web, go to: http://groups.yahoo.com/group/cia-drugs/   To unsubscribe from this group, send an email to: [EMAIL PROTECTED]   Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[EMAIL PROTECTED]/ <A HREF="">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om

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