BCCI award

BCCI liquidators have won more than #15m in funds from the bank’s former employees and companies linked to the widespread fraud which caused its collapse in 1991.

Liquidators Deloitte & Touche brought a claim for summary judgement against Sarfaz Khan and other members of his family, as well as two Lichtenstein-based companies that were set up to assist the fraud.

The claim centred on allegations of theft against three former employees of the bank’s Cayman desk in London.

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