Bank of England told to release BCCI case files

The Bank of England lost an appeal on Monday 1 March 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.

The 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 par