HC Deb 05 June 1997 vol 295 c237W
31. Mr. Vaz

To ask the President of the Board of Trade if she will make a statement on the progress of the liquidation of BCCI. [688]

Mr. Nigel Griffiths

I am due to meet my hon. Friend shortly to discuss the progress of the liquidation of BCCI.I note that a first dividend of 24.5 pence in the pound was paid to creditors in December 1996 and I understand that the delay in paying that dividend was caused by the need to settle a number of legal actions in the UK and in foreign jurisdictions. I hope that the liquidators will be able to complete their work with as much speed as possible so that creditors may receive a further, substantial dividend at an early date.