Bank of England calls claims over BCCI "desperate"

The Bank of England accused the Bank of Credit and Commerce International's liquidators of desperation and paranoia on Monday.

Lawyers for Deloitte are attempting to prove that the Bank of England knowingly did not protect BCCI depositors when the world's biggest bank fraud resulted in BCCI's collapse, owing over $16 billion.

"The liquidators have alleged that the Bank's witnesses deliberately lied to the Bingham inquiry, and that is one of the outrageous allegations which in due course the Ban

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