LBC/IRN · London Broadcasting Company

Title

Investors in collapsed bank offered little compensation

Genre

Interview

TX Date

12 Jun 1992

Year of production

1992

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Duration

00:03:56

Description

Paul Rowley interviews Labour MP Keith Vaz, about the collapse of the Bank of Credit and Commerce International (BCCI). Investors have been offered compensation of thirty pence in the pound which the UK High Court has approved. Depositors have until 17/06/92 to appeal against the decision, although they’ve been warned a legal wrangle could take ten years to settle.

Contributors

Paul Rowley; Keith Vaz

Keywords

London; Compensation; Banks; High courts; BCCI; Bank of Credit and Commerce International

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