MORE of Bury's missing millions, lost during the BCCI banking scandal, have been returned to the borough.

When the Bank of Credit and Commerce International collapsed with debts of $13 billion more than a decade ago, Bury Metro found itself among the estimated 70,000 creditors worldwide.

Since then, the council has been at the forefront of those fighting to get its money back. Now, in the latest of a series of payments made to the local authority, a further sum -- expected to be around £1 million -- is coming back.

Bury's deputy council leader Wayne Campbell said: "It is now well documented that the council lost £6 million during the BCCI collapse and we have worked vigorously to see that money returned to the borough.

"This latest payment means that around 75 per cent of the total has now been recovered and we are still as committed as ever to retrieving the full amount owed to us.

"This is the fourth pay-out of its kind that has been made, and if we have anything to do with it, we are confident it will not be the last.

"As a council we have a duty to account for all the money we spend or invest on behalf of the people of Bury and we will not be happy until we have done that with every penny from the BCCI debacle."

In the past decade, Bury has been spearheading the fight to recover money lost in the collapse. Former council solicitor Stan Monaghan has been representing the 20 or so local authorites involved.

He said: "Ten years ago people were offering to buy our debt for 10 per cent. Now we have recovered 75 per cent and hopefully there will be another dividend."

When the Bank of Credit and Commerce International collapsed with debts of $13 billion more than a decade ago, Bury Metro found itself among the estimated 70,000 creditors worldwide.

Since then, the council has been at the forefront of those fighting to get its money back. Now, in the latest of a series of payments made to the local authority, a further sum -- expected to be around £1 million -- is coming back.

Bury's deputy council leader Wayne Campbell said: "It is now well documented that the council lost £6 million during the BCCI collapse and we have worked vigorously to see that money returned to the borough.

"This latest payment means that around 75 per cent of the total has now been recovered and we are still as committed as ever to retrieving the full amount owed to us.

"This is the fourth pay-out of its kind that has been made, and if we have anything to do with it, we are confident it will not be the last.

"As a council we have a duty to account for all the money we spend or invest on behalf of the people of Bury and we will not be happy until we have done that with every penny from the BCCI debacle."

In the past decade, Bury has been spearheading the fight to recover money lost in the collapse. Former council solicitor Stan Monaghan has been representing the 20 or so local authorites involved.

He said: "Ten years ago people were offering to buy our debt for 10 per cent. Now we have recovered 75 per cent and hopefully there will be another dividend."