BCCI Creditors Delay Compensation Hearing
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<i> Reuters</i>
LONDON — Creditors of the failed Bank of Credit & Commerce International won a four-week adjournment of a British high court hearing into a proposed worldwide compensation plan.
Lawyers for the creditors said they were seeking clarification from the bank’s Abu Dhabi majority shareholders.
The motion was unopposed.
Luxembourg-based BCCI was closed on July 5, 1991, by bank regulators in a worldwide swoop amid allegations of widespread fraud.
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