BCCI building and its Standard Life replacement :: Shared Description
A long-disused office block at the southwest corner of St Andrew Square is being demolished. It was home to the Bank of Credit and Commerce International [BCCI], which failed spectacularly in 1991 with debts of £7billion, after investigations into its affairs showed widespread evidence of money-laundering, fraud and deceit. 30 UK councils lost deposits of £82m,of which the largest was the Western Isles Council, with £24m. As far as I know the building has been unused since then and 23 years after the bank's collapse the site is finally being redeveloped. Watch this space.
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By M J Richardson. Used on 10 images
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Created: Thu, 14 Aug 2014, Updated: Wed, 4 Nov 2015
The 'Shared Description' text on this page is Copyright 2014 M J Richardson, however it is specifically licensed so that contributors can reuse it on their own images without restriction.
