HC Deb 22 July 1991 vol 195 c367W
Mr. Vaz

To ask the Secretary of State for Foreign and Commonwealth Affairs (1) when he was first informed that the Bank of England had doubts about the operation of BCCI;

(2) when he was first informed of the allegations of fraud at BCCI.

Mr. Garel-Jones

My right hon. Friend first heard of the doubts about the operation of BCCI arising from the report commissioned under section 41 of the Banking Act 1987 on 3 July.

Mr. Vaz

To ask the Secretary of State for Foreign and Commonwealth Affairs what consultations his Department had with the Governor of the Bank of England about his visit to Abu Dhabi to meet officials concerning the BCCI issue.

Mr. Douglas Hogg

As is often the case when he makes an overseas trip, the Governor was in touch with the FCO before he left for Abu Dhabi.