Note to editors
It has been announced that the supervisory authorities in Luxembourg and the Cayman Islands have taken action to secure control of the assets of, respectively, BCCI SA, a Luxembourg-incorporated bank and BCCI Overseas Ltd, Caymans-incorporated bank. These banks are sister companies of BCCHK, all three institutions being owned by the sume Luxembourg holding company, BCCI Holdings SA. The business of BCCHK is however, entirely separate from that of its sister compan: es. BCCI Holdings SA is 77% owned by the Abu Dhabi Goverment.
Mr Cheok is on secondment from the Reserve Bank of Australia where he was the Chief Manager, Bank Supervision Department. Mr Selby is currently head of Internal Audit at The Hongkong and Sharghai Banking Corporation Ltd and has been with the bank for over thirty years.
5 July 1991
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Xhamteka.
$23 S660 SP8 258
(3SNOH IN09) 301:30 SWWOO
LZ:81 60-80-166T
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