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CNN Live At Daybreak

Euro Edition: Morning Papers

Aired January 13, 2004 - 05:43   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


CAROL COSTELLO, CNN ANCHOR: Now for some overseas headlines in our 'Euro Edition.' Becky Anderson live for us in London.
Good morning -- Becky.

BECKY ANDERSON, CNN CORRESPONDENT: A very good morning to you.

And one of these stories that perhaps we'll all enjoy. A central bank in the doc. The Bank of England, the first time in its 300-year history that it's being sued. And it's kind of a nice idea that the bank gets sued as opposed to the creditors, I think. "The Independent" this morning, in the doc, the Bank of England, the accusation, it lied of (ph) the BCCI collapse. The outcome, well, taxpayers face a billion pounds payout or a $1.5 billion payout.

The story is this. In 1972, a high ranking group of Pakistani businessmen founded a bank called BCCI. It collapsed about 10, 12 years ago under the weight of some $18 billion. That was in 1991. And the liquidators for those creditors of that collapsed bank, it's Deloitte & Touche, are suing the Bank of England for $1.5 billion, saying that they didn't fulfill their supervisory role in the run-up to the high profile collapse that pretty much shocked the industry.

Now the inquiry has been going on for 10 years and has yet to reach the court. The Bank of England says it plans to defend itself vigorously. And that the first time, this is a precedent case, that a central bank is in court and for sure the first time in the Bank of England's 300 years that it's had anything like this sort of case against it. So a story out there which is perhaps a good story for the little man. We'll see what happens with that.

The other big story out there of course today in the U.K., which hasn't made the front pages but certainly will be all over the front pages in the U.K. and indeed throughout Europe, possibly throughout the world on Wednesday morning, will be the death of Britain's most prolific serial killer, possibly the world's most prolific serial killer. A doctor known as "Dr. Death," Harold Shipman, has hung himself in his prison cell in the north of England. The news came through about 10 past 8 this morning, just about two hours ago U.K. time.

This was a doctor who over the course of about 25 years murdered 15 of his patients. At least that's what he went to prison for for a life sentence. That was in January 2000.

Since then, an inquiry has been launched, which is still ongoing, which appears to suggest that he actually murdered more than 215, possibly as many as 264, of his patients. Now these were vulnerable, predominately ladies, although there were some men involved as well. They were between the ages of about 75 and 85 years old.

And Harold Shipman, he was a local doctor, preyed on their vulnerability and their -- and their aging lives, as it were. And he murdered these people with heroin injections, signed off on their forms, on their death certificates and these murders were never found out until one of the victim's daughters, who was a lawyer, actually found that these were murders rather than just natural deaths. And he was found guilty of those charges. That is an enormous story. It will hit the front pages, as I say, here and across Europe Wednesday morning.

Back to you guys.

COSTELLO: All right. Becky Anderson live from London this morning.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com







Aired January 13, 2004 - 05:43   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Now for some overseas headlines in our 'Euro Edition.' Becky Anderson live for us in London.
Good morning -- Becky.

BECKY ANDERSON, CNN CORRESPONDENT: A very good morning to you.

And one of these stories that perhaps we'll all enjoy. A central bank in the doc. The Bank of England, the first time in its 300-year history that it's being sued. And it's kind of a nice idea that the bank gets sued as opposed to the creditors, I think. "The Independent" this morning, in the doc, the Bank of England, the accusation, it lied of (ph) the BCCI collapse. The outcome, well, taxpayers face a billion pounds payout or a $1.5 billion payout.

The story is this. In 1972, a high ranking group of Pakistani businessmen founded a bank called BCCI. It collapsed about 10, 12 years ago under the weight of some $18 billion. That was in 1991. And the liquidators for those creditors of that collapsed bank, it's Deloitte & Touche, are suing the Bank of England for $1.5 billion, saying that they didn't fulfill their supervisory role in the run-up to the high profile collapse that pretty much shocked the industry.

Now the inquiry has been going on for 10 years and has yet to reach the court. The Bank of England says it plans to defend itself vigorously. And that the first time, this is a precedent case, that a central bank is in court and for sure the first time in the Bank of England's 300 years that it's had anything like this sort of case against it. So a story out there which is perhaps a good story for the little man. We'll see what happens with that.

The other big story out there of course today in the U.K., which hasn't made the front pages but certainly will be all over the front pages in the U.K. and indeed throughout Europe, possibly throughout the world on Wednesday morning, will be the death of Britain's most prolific serial killer, possibly the world's most prolific serial killer. A doctor known as "Dr. Death," Harold Shipman, has hung himself in his prison cell in the north of England. The news came through about 10 past 8 this morning, just about two hours ago U.K. time.

This was a doctor who over the course of about 25 years murdered 15 of his patients. At least that's what he went to prison for for a life sentence. That was in January 2000.

Since then, an inquiry has been launched, which is still ongoing, which appears to suggest that he actually murdered more than 215, possibly as many as 264, of his patients. Now these were vulnerable, predominately ladies, although there were some men involved as well. They were between the ages of about 75 and 85 years old.

And Harold Shipman, he was a local doctor, preyed on their vulnerability and their -- and their aging lives, as it were. And he murdered these people with heroin injections, signed off on their forms, on their death certificates and these murders were never found out until one of the victim's daughters, who was a lawyer, actually found that these were murders rather than just natural deaths. And he was found guilty of those charges. That is an enormous story. It will hit the front pages, as I say, here and across Europe Wednesday morning.

Back to you guys.

COSTELLO: All right. Becky Anderson live from London this morning.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com