-16-
were made in very similar circumstances to the Carrian loans. But the absence or disappearance of the loan applications themselves which would enable the court to assess the bank's compliance with their so called practice, is highly prejudicial to me. These and other related documents would strongly contradict
the Crown's case against me.
42.
а secured overdraft of
£7 million for the
As an example, I refer to the minutes of the special meeting of the BBMB Board on the 3rd. July 1981. It can be seen that the Board considered and Bhd. for a secured of Maminco Sdn approved the application, inter alia,
overdraft of M$65 million, and purpose of working capital. At the Board meeting on 5th. January 1982, Board approved a letter of guarantee of M$75 million to the Maminco company same meeting, the Board with no apparent provision for security. During that
the
sum of
oui
approved yet another application for Maminco for a call loan in the US$26 million, a secured overdraft in the sum of £70 million and a secured overdraft in the sum of MS240 million. It is briefly stated that the security is "against deposit of ..equivalent value of each drawdown to be placed at Butterworth and London branches". Finally, at a special meeting of the Boar on 7th. September 1983, it approved a further application for Maminco for loan of US$35 million (to be provided equally by Morgan Guaranty Trust compan stated provision for security. The loan application and BBMB), with no produced are only those considered by Loans Committee A
:
but the relevar
loans which concern me are missing.
43.
I now
turn to the Board and management papers which are missing.
the basis of
an integral part
and
indeed are
Board papers comprised meetings of the Board of Directors, as can be confiremd, as in for an examp
9th November 1981 which I have earl
1
the minutes of the Board meeting on
43