From Evening Standard
<snip>
THE Governor of the Bank of England Governor lied about the financial health of Bank of Credit and Commerce International in a discussion in May 1986 with the then Chancellor of the Exchequer, Nigel Lawson, it was alleged today.
BCCI collapsed in 1991, owing £10bn to creditors, and BCCI liquidators Deloitte & Touche are now suing the Bank of England in the High Court for £850m.
Gordon Pollock, QC for Deloitte, told the court that a secret memo prepared by Bank supervisor Brian Gent for Robin Leigh-Pemberton, who was Governor at the time, was 'wholly partial, misleading and mendacious'.
He claimed Leigh-Pemberton knew the briefing was misleading when he used it in the 1986 meeting with Lawson at which concerns over the bank were discussed.
<snip>
More:
http://www.thisislondon.co.uk/news/business/articles/timid77630?source=All very well, but they have yet to roll out the evidence that Thatcher knew as early as 1980 that BCCI was run by P2 Lodge Asian branch, financed by earnings from paedophile brothels in Thailand, Malaysia, Singapore, Macao etc, cocaine and heroin cartels operating via money laundering centres in Dubai (as arranged by UAE ambassador to UK Mahdi Al Tajir) and arms dealers hoping to tool up Saddam and the Iranian Ayatollahs with yet more lethal kit, to prolong Iran/Iraq tension and make a killing from defence futures.