Court told 'Treasury in the dark' over BCCI affair

The High Court in London heard on Monday 16 February that the Bank of England allegedly deliberately withheld information about the state of BCCI from the Treasury because it was concerned that the government department would force the bank's closure.

Gordon Pollock QC, who is representing the BCCI liquidators, said that if the UK Treasury had known the true state of BCCI's affairs in mid-1990s, "the Treasury would have said, 'You had better shut this bank down as quickly as you can'.

"We would