Death of former coun­cil chief ex­ec­u­tive

The Press and Journal (Inverness, Highlands, and Islands) - - NEWS - BY RITA CAMP­BELL

The man in charge of West­ern Isles Coun­cil when it lost all its money in the BCCI crash died yes­ter­day.

Ge­orge Macleod was chief ex­ec­u­tive of the lo­cal author­ity, which had put more than £23mil­lion in the Bank of Credit and Com­merce In­ter­na­tional.

He was sacked, then re­in­stated so he could re­tire early, be­fore run­ning a very suc­cess­ful en­gi­neer­ing con­sul­tancy on Lewis.

Mr Macleod, who was 74, died at his home on Lewis. He was praised by the cur­rent con­vener of the coun­cil for deal­ing with “dif­fi­cult times”.

Nor­mal Macdon­ald said: “Dr Ge­orge was a highly re­spected en­gi­neer and di­rec­tor at the coun­cil and also served as chief ex­ec­u­tive dur­ing very chal­leng­ing and dif­fi­cult times for the coun­cil.

“He was also an elder and lay preacher in The Free Church over many years. Dr Ge­orge served his com­mu­nity in many dif­fer­ent roles over many years and he was well known through­out the is­lands and far­ther afield.

“Our thoughts and prayers are with his wife Mairi, his chil­dren Chris­tine and Iain, his friends and all who knew him.”

The coun­cil flag in Stornoway flew at half­mast in tribute.

Two decades on from the BCCI crash, the coun­cil ended-up mak­ing a £2.5mil­lion “profit” out of the dis­as­ter be­cause of favourable cur­rency fluc­tu­a­tions over the pe­riod when it re­ceived pay­ments from the liq­uida­tors. When the West­ern Isles Coun­cil saw nearly all its money dis­ap­pear with the bank’s 1991 demise it marked one of the black­est days for any lo­cal author­ity in Bri­tain.

“Chief ex­ec­u­tive dur­ing very chal­leng­ing times”

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