PracticeConsultingTerrorist hunt embraces Deloittes

Terrorist hunt embraces Deloittes

The CIA is to demand help from Deloitte & Touche in its search for the hidden financiers who help fund Osama bin Laden's terrorist network, according to a report today.

Deloittes, liquidator of BCCI, is to be asked to provide any information it has about the collapsed merchant bank’s former customers, The Times reported.

Investigators think the bank was used to launder terrorist funds from the Middle East and Afghanistan.

The firm, which is taking the Bank of England to court in its latest effort to recover funds for BCCI creditors, declined to comment on the issue or confirm whether any approach by the CIA had been made.

BCCI collapsed in 1991 with debts of more than £7bn after the discovery of endemic fraud, and since then Deloittes has been combing through its books for opportunities to recover monies.

The bank was audited by Price Waterhouse, now part of PricewaterhouseCoopers, whose role in its collapse is under scrutiny by the accountants’ Joint Disciplinary Scheme.

Links

Bank of England faces BCCI trial

Accountants must help in terror fight

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