Deloitte denies attempts to settle BCCI case

The liquidator of BCCI, Deloitte, said yesterday that it had no intention of
settling its long-running case with the Bank of England. The Big Four firm is
suing the bank in a £850m negligence claim for its regulation of BCCI.

The Evening Standard reports that Christopher Grierson, the Lovells
solicitor acting for Deloitte, said the firm was not attempting to settle the
case out of court.

‘The liquidators have not made an offer to throw in the towel or to pay the
bank its costs,’ Grierson was reported as saying.

Peter Cooke, who was in charge of supervising the BCCI in the early 1980s, is
in the second week of what is expected to be a three-month stint in the witness

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