nav1000
CMB were alleged to have guarabnteed a promissory note issed by lambert. IE an IOU from Lambert. Nothing to do with BdB and nothing to do with cash.
L controlled LFI and were the controlling holders in Crown. The Lambert/Crown deals would have been related party trades and Lambert could have shown Crown in their books as a subsiduary. I know of no reason why one arm of a corporation would get an external guarantior for a payment to anotherarm of an organisation. It is like Barclays bank going to LLOyds to guarantee a transfer between Barclay UK and Barclay USA - makes no sense to me
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