§ Mr. VazTo ask the Secretary of State for Trade and Industry what are the total costs paid to(a) the liquidators of BCCI and (b) their legal advisers since 5 July 1991. [13639]
§ Miss Melanie JohnsonThe latest report and accounts prepared by the liquidators and submitted to my right hon. Friend the Secretary of State for Trade and Industry show that the total of remuneration drawn by the liquidators in the period from 5 July 1991 to 15 January was US$267 million. The total paid in respect of legal fees in that period was US$145 million.
§ Mr. VazTo ask the Secretary of State for Trade and Industry if she will make a statement on the payment of Insolvency Service fees by the liquidators of BCCI and the services provided by the Insolvency Service in return for that payment to the English creditors. [31049]
§ Miss Melanie JohnsonThe latest report and accounts prepared by the liquidators and provided to my right hon. Friend the Secretary of State for Trade and 'Industry, show that, in the period 5 July to 15 January 2001 a total of US$13.2 million was paid in fees to the Insolvency Service. Regulations and Fees Orders determined the rates at which these fees were charged on moneys paid into the Insolvency Services Account. Such fees are appropriated in aid of the Department's vote.