-15-
of 1983 and would be in respect of the BMFL/Carrian situation.
(8) "CHA 1" 4978, "copy memo J. Marshall to George Tan" 4th May 1983.
-
(9) "CHA I" serial No. 4994, "Telex GT to LEO re: revised rescue scheme"
•
dated 5th May 1983.
}
40.
The
next
loan applications and are missing documents group of
loan
made
the to
Board of
BBMB. The applications
themselves were
such
advice as
of solicitors,
proposals
accompanied by supporting documentation,
assessments of value and valuation reports themselves: sometimes these were
merely referred to, enabling the board members to call for their production at
will. There are many such loan application references, see e.g. "CHA 1", 548,
751 711,
etc.
549, 618, 621, 623, 627-631, 634.
Government, the total advances, the subject of
"
According to
the HK
were made SO
charges,
irregularly as to evidence dishonesty on my part. It is further alleged that
the advances were made contrary not only to all normal and accepted banking
rules and practice but also to the established rules within BMFL and BBMB.
During the committal proceedings, the HK Government adduced evidence from a
Mr. George Cathles, a "banking expert" on the issue of banking practice under
the manual issued by BBMB. Such practice was contrasted with BMFL's lending
practice to Carrian, which he severely criticises.
41. It is put against me on this issue, in part on the basis of evidence
given by BBMB, that there were deviations from the normal lending policy of
BBMB in respect of Carrian and that such deviations of which I had knowledge
could justify an inference of dishonesty on my part. In respect of a number of
BBMB's loans, approved by the Board, the documents demonstrate that the loans
15