PARLIAMENTARY EARLY DAY MOTION
CONDUCT OF THE LIQUIDATION OF BCCI (28 January 1993)

That this House welcomes the decision by the President of the Board of Trade under section 172 of the Insolvency Act to consider the removal of Touche Ross as the liquidators of BCCI; believes that the progress of this liquidation has been painfully slow; notes that despite the liquidators' and associated fees of ú1 million a week, no money, apart from statutory compensation has been paid to depositors, local authorities, or former employees of BCCI; and hopes that the President, as the person who appointed the liquidators will be present at Wembley Arena on 27th May at 2.00 p.m. to ensure that a proper Creditors' Committee is elected and that the issue of who should be the liquidator is put to the vote.

Sponsored by:
Keith Vaz (Labour)