CONFIDENTIAL
145612
MDHIAN 4273
RELATIVES APPARENTLY CONTROL A HOST OF TRADING AND BANKING ENTITIES IN YUGOSLAVIA AND OVERSEAS. TOP SUCCESS ACTS AS THE PURCHASING AGENT TO THE MOSCOW BRANCH OF BRACA KARIC.
5.
IN THE COURSE OF THIS OPERATION, WE WERE ABLE TO OBTAIN DETAILS OF EIGHT SEPARATE BANK ACCOUNTS THE MAJORITY HELD BY INDIVIDUALS WITH LINKS TO THE COMPANY. ALL THE ACCOUNTS ARE WITH THE HONG KONG BANK AND PRELIMINARY STEPS HAVE BEEN TAKEN TO ADVISE THE BANK OF OUR INTEREST. AT PRESENT WE ARE UNABLE, DUE TO A LACK OF EVIDENCE, TO DEMAND THAT THE BANK TAKE ACTION IN LINE WITH THE PROVISIONS OF THE 1992 ORDER IN COUNCIL.
6.
WE HAVE ISSUED A STATEMENT TO THE PRESS PUBLICISING THE OPERATION IN GENERAL TERMS AND SHOWING THAT OUR ACTIONS WERE TAKEN AS PART OF AN ONGOING COMMITMENT TO MEET OUR OBLIGATIONS UNDER THE ORDER IN COUNCIL. BY THE END OF NEXT WEEK WE SHOULD BE IN A BETTER POSITION TO ADVISE YOU ON THE PROGRESS OF THE INVESTIGATION AND WHETHER WE HAVE SUFFICIENT EVIDENCE TO SUPPORT A PROSECUTION.
7. IN THE INTERIM, WE SHOULD BE GRATEFUL IF YOU COULD ADVISE US ON THE STATUS OF THE UK BASED SUBSIDIARY IDENTIFIED IN MIFT. WE WOULD APPRECIATE ANY INFORMATION YOU ARE ABLE TO PROVIDE ON THE BRACA KARIC NETWORK OF COMPANIES.
PATTEN
YYYY
ΜΑΙΝ
YUGOSLAVIA
.EAU
190
ADDITIONAL
47
DISTRIBUTION
237
HKD
CAOFF//BRIG PRINGLE
CAOFF//MR SIBSON
ASSESSMENT STAFF//WG CDR GRAY
CAOFF//MR D GOULD
HMT//IF3/MR C KENNY ECGD//MR HAWTIN
DTI/EN D//MR FREEMANTLE DTI//PS/MR SAINSBURY
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CONFIDENTIAL