Kindness to camels
GABRIEL MOSS, QC, is out of luck. When he asks a court for something, it adjourns on him. This week he appeared for the Polly Peck creditors, who were trying to get Asil Nadir, the former chair- man, put in prison. Application adjourned. Before that he appeared for the Bank of England, which was trying to get the Bank of Credit and Commerce International wound up. Application adjourned — come back in December, Mr Moss. The court preferred to hear BCCI's controlling share- holders in Abu Dhabi, and gave them four months to see what they could sort out. Since then I have had the singular experi- ence of reading through the Banking Act report on BCCI — a document which was available to the court and should have set its eyes popping out on stalks. Fraud, forgery, backhanders, blackmail, it has the lot, and it implicates representatives of the Abu Dhabi government. I am sure that the shareholders are all good at hawking and kind to camels, but on the evidence of this report, you would think twice before bank- ing with them. Their success in court stands between the depositors and the official compensation scheme, so on the deposi- tors' behalf, I wish them luck in collecting all the money owed to the bank. They must know some of the creditors quite well. Perhaps they should get Mr Moss to apply on their behalf.
Previous page
