2014
NT2574 : Demolition, St Andrew Square
taken 11 years ago, near to Edinburgh, Scotland
This is 1 of 3 images, with title Demolition, St Andrew Square in this square
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Demolition, St Andrew Square
The end of a long-disused office block.
BCCI building and its Standard Life replacement
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.