AFTER a five year struggle, creditors of the collapsed, fraud ridden BCCI will receive a payment of £1.6 billion today, equal to 24.5 per cent of their claims, a spokesman for the liquidators said yesterday. Bank of Credit and Commerce International, founded in 1972, was closed by central banks in 1991 and collapsed with debts of more than £7.27 billion when evidence of massive fraud and money laundering was unearthed.