Letter to Mr Keith Vaz MP from Mr Mohammed
A Qayyum, Joint Co-ordinator, BCCI Campaign Committee
We refer to your letter enclosing a copy of
the letter dated 29 February 2000 from Paul Gosling, journalist
and reporter, addressed to Elizabeth Filkin, Parliamentary Commissioner
We have noted the contents of the said letter
and the allegations contained therein which are based on delinquent
This Committee was established on 5 July 1991
the date that the Bank was closed. We have represented the creditors
and former employees of BCCI. With respect to Mr Gosling we think
we know a little more about these matters than he does.
The decision to close the Bank was taken by
the Governor of the Bank of England in consultation with the Chancellor
of the Exchequer, Norman Lamont and the then Prime Minister, John
Major. You and a number of MPs were actively involved to try and
protect the interests of the creditors and former employees of
BCCI. Total depositors were around 250,000 customers holding 1.2
We feel that we should clarify the inaccuracies
and the unfounded facts which have been asserted by Mr Gosling.
We can say to the best of our knowledge (and we have lived with
this matter for the last decade) that:
1. Control Securities or Control Ltd or Mr
N Virani were never a shareholder or a Director of BCCI. Mr Gosling
is wrong. Even if they were, which they were not, the campaign
did not exist to benefit the shareholders but to make them responsible
for their actions.
2. BCCI was tenant leaseholder for a branch
at a site in Earls Court which was owned by Control and also housed
its offices. This site was called Control House. It was one of
many such landlords worldwide. BCCI had over 400 separate offices.
This is an irreverent point as the campaign did not exist to champion
landlords. We find it hard to see how there was any benefit in
3. The company (Control Securities Ltd) and
the group were widely known as Control and this was how they were
also referred to as within BCCI where their accounts were being
handled. Either description of it would easily identify it.
4. The company was never a net creditor of
BCCI. They therefore had no involvement in any of the various
committees and events in support of the campaign. No one from
Control ever contacted the Campaign Committee. There was no conflict
of interest between your support for the creditors and former
employees of BCCI and any support that they may or may not have
given to any project that you were involved with at any previous
We are appalled at this attempt to discredit
you and your support for the campaign. We were always mindful
of the fact that all the overseas visits you made you did so at
your expense, including paying for members of the Committee's
food on many occasions.
Would you tell Mrs Filkin that we would be happy
to assist her in any other research matter relating to this issue.
4 April 2000