Wiganer..that's the point about LFIs CD that I've been trying to make all along.
The CD should have matured, then two new CDs were issued. We don't know who issued the new CDs or what they were secured against - my bet now is that LFI arranged for them to be secured against the original assets that the original CD was secured against so that they wouldn't have to stump up £££ in cash.
If the original CD was issued by BdB then they should have a record of it, yet they say they never had any dealings with CCO/LGB. As part of DD one would have expected SP to have ensured the BdB CD was legit and fully paid.
Who issued the new CDs? - perhaps this is where the allegedly fake CDs come in that ABN Amro say would only have been issued in electronic format?
afaik at no point do the accounts state who issued the Crown Pharma CDs.
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