HC Deb 22 May 1992 vol 208 cc331-2W
Mr. Vaz

To ask the President of the Board of Trade what steps are being taken towards the fulfilment of the undertaking to hold a creditors' meeting in connection with the BCCI liquidation.

Mr. Neil Hamilton

The joint liquidators of BCCI have informed my officials that they have set up a working party to consider how the difficulties of organising an effective meeting under section 141 of the Insolvency Act 1986 may be overcome. The joint liquidators have also indicated that the working party's preliminary report will be available shortly.

Mr. Vaz

To ask the President of the Board of Trade if he will make a statement on the outcome of meetings between his officials and the liquidators of BCCI on(a) the costs of the liquidation, and the breakdown of the costs and (b) the number of former customers of BCCI who have been placed into receivership by the liquidators.

Mr. Neil Hamilton

The cost of the liquidation of BCCI are a matter for the court. The appointment of administrative receivers to companies who were former customers of BCCI is not a matter which requires reference to the Secretary of State.

Mr. Vaz

To ask the President of the Board of Trade when he received the copy sent to him of the letter to the liquidators from Messrs Zaiwalla concerning the liquidators' injunction against Mr. Masihur Raham, the former financial controller of BCCI; and if he will make a statement.

Mr. Neil Hamilton

The relevant parts of my Department have no record of the receipt of any such letter.