Bank of England faces criticism in BCCI case

The billion pound law suit against the Bank of England over its part in the world's biggest banking fraud began on Tuesday 13 January with criticism of the 300-year-old central bank.

Lawyers for the liquidator of Bank of Credit and Commerce International are seeking to prove that the BoE knowingly did not protect depositors of the bank when it spectacularly collapsed in 1991 owing $10 billion.

"The action is being brought against what was once, I emphasise once, one of the most revered and resp