BCCI liquidators drop 'hopeless' court case

The case brought by the liquidators of the Bank of Credit and Commerce International against the Bank of England and 22 of its present and former staff collapsed on Wednesday 2 November when all the allegations were unconditionally withdrawn at the High Court in London.

Mervyn King, Governor of the Bank of England, said in a statement released by the Bank: "I am delighted that the allegations of dishonesty against 22 staff of the Bank of England have been unconditionally withdrawn. There has n