R E L A T E D   C O N T E N T
ADVERTISEMENT

Creditors not pursuing Deloitte over BBCI

Alex Hawkes, Accountancy Age, 04 May 2006

Creditors thought to have been mostly happy with Deloitte’s work, with more than 80p in the pound recovered

No action is being taken by creditors against Deloitte for its failed attempt to recover almost a billion pounds from the Bank of England over the institution’s regulation of BCCI.

Liquidators had sought to recover £850m from the bank, after the litigation collapsed in December, with some claiming Deloitte itself could now have to pick up part of the bank’s £81m costs.

‘I am not aware of any action being taken against Deloitte. No action is being taken by us,’ a spokesman for Three Rivers District Council, a creditor of BCCI, told Accountancy Age.

Three Rivers was the named creditor in the Bank of England action, and any attempt to recover money from Deloitte, possibly through a negligence action, would have to come from creditors.

Creditors are thought to have been broadly happy with Deloitte’s work, with more than 80p in the pound recovered.

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Have your say

ADVERTISEMENT
M A R K E T P L A C E
Sponsored links
| Web Recruit
Independent Financial Advisor (IFA) Madrid, Spain (Relocation Opportunity) Potential Year 1 OTE £100,000 (Commission Only) Our client is an Independent Financial Advisory business based in Madrid, Spain. Offering English language advice to the international community, ... more >
| Web Recruit
Group Finance Director ?? ACCA, CIMA Brighton £60,000+ DOE Plus Pension, Life Insurance, Private Medical Insurance, 25 Days' Holiday Our client is an expanding pharmaceutical manufacturer with offices in the UK and North East China. ... more >
| Web Recruit
Finance Manager (Part Qualified - CIMA, ACA, ACCA) Wellington £22,000 - £26,000 DOE Plus Pension Scheme, 27 Days' Holiday (plus bank holidays), Free Parking, Subsidised Canteen Passion goes into everything our client does. Whether it's ... more >
| WH Marks Sattin
Are you a Spanish or Portuguese speaking graduate or ‘first jobber’ with strong numeracy and communication skills, a desire to be part of a rapidly expanding business and entrepreneurial in outlook? My client is a ... more >
More Jobs in Finance
ADVERTISEMENT
Job zone
Job of the week
Related jobs
Search for a job
 
> More Financial Director jobs
ADVERTISEMENT