The Abu Dhabi authorities have released about 10 officials of the disgraced Bank of Credit and Commerce International from custody after initial questioning, banking sources said Tuesday.
More than 30 were detained Sunday. Those released were not available for comment, but sources close to one of them said they had been treated well during the time they spent at a government guest house in Abu Dhabi.The Abu Dhabi government, which owns 77.4 percent of the shares in BCCI, last week started its own investigation of the fraud allegations that led
financial authorities worldwide to close the bank July 5.
The officials were detained as part of that investigation.
Banking sources said some of the officials would probably have to break their ties with the BCCI group after investigations and might have to leave Abu Dhabi.
The bank's headquarters in Abu Dhabi is sealed, and the authorities have taken away all its documents.