ANOTHER chunk of Bury's lost BCCI millions is coming home.
Liquidators have thrashed out a further rebate of at least 11.5 per cent, which could rise to 15 per cent.
The payment, due next June at the latest, comprises money from various settlements and litigation across the globe.
It follows an initial payout last Christmas when the council received nearly a quarter of its money back under a deal struck with the bank's main shareholders.
Bury lost £6.5 million when BCCI went bust in 1991 in the world's biggest banking collapse.
One of the UK's biggest losers, Bury hopes to get more money back by suing the Bank of England and BCCI's auditors.
Mr Stan Monaghan, director of corporate resources, said it was difficult to say at the moment just how much cash the 11.5 per cent payout would equate to.
Bury is claiming loss of interest over the years since the legal action started following the bank's collapse, and the sums are based on the value of the American dollar at that time.
Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.
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