The British government set up an independent inquiry, chaired by Lord Justice Bingham, in 1992. Its House of Commons Paper, Inquiry into the Supervision of the Bank of Credit and Commerce International, was published in October of that year. Following the report, BCCI liquidators Deloitte Touche filed suit against the Bank of England for £850m, claiming that the Bank was guilty of misfeasance in public office. The suit lasted 12 years. It ended in November 2005, when Deloitte withdrew its claims after England's High Court ruled that it was "no longer in the best interests of creditors" for the litigation to continue. Deloitte eventually paid the Bank of England £73m for its legal costs. According to news reports at the time, it was the most expensive case in British legal history. Litigation elsewhere Although major litigation has ended in the case, suits and legal actions relating to the bank were still being brought in 2013, over 20 years after the bank's failure. Former directors Khalid bin Mahfouz non-executive director. Mahfouz and his brothers owned a 20% stake in BCCI between 1986 and 1990. Alfred Hartman Shaikh Mohammed Ishaq Legal cases involving BCCI Bank of Credit and Commerce International SA v Aboody [1992] 4 All ER 955, pre-collapse case, later overturned, on the criteria for undue influence if someone is pressured into signing a mortgage agreement Mahmud and Malik v Bank of Credit and Commerce International SA [1998] AC 20, where employees sued the bank for breach of mutual trust and confidence by carrying on unlawful activities and thereby tarnishing the employees' reputations. Bank of Credit and Commerce International (Overseas) Ltd v Akindele [2000] EWCA Civ 502 See also Agha Hasan Abedi Kamal Adham Danny Casolaro Abbas Gokal The Infiltrator (2016 film) The International (2009 film) Citations General and cited references External links The so-called "Sandstorm report" produced by the liquidator Price Waterhouse for the Bank of England. The UK Government spent 20 years attempting to suppress parts of the document; these are highlighted in red boxes on this copy BCCI (in liquidation) homepage (17 May 2014) Summary of Case and Administrators lawsuit against Bank of England Banks established in 1972 Banks disestablished in 1991 Accounting scandals Business ethics cases Corporate scandals Corporate crime Defunct banks of Pakistan Defunct banks of the United Kingdom Bank failures Banks of Luxembourg Pakistani companies established in 1972 Pakistani companies disestablished in 1991