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JOHNSON MATTHEY COLLAPSE:

}132375 JOHNSON MATTHEY COLLAPSE: A link is established between 27.8.85 the collapse of the Johnson Matthey Bank (which had to TX be rescued by the Bank of England last year) and loans made to a circle of Indian businessmen trading with Nigeria. The trade collapsed when Pres Alhaji Shehu Shagari was swept from power after a military coup on 31.12.83. STOURTON,EDWARD VID ex LIB(RR/ITN/UPITN)/ ...

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ENGLAND MS Ian Fraser (JMB director who resigned after Bank of London England rescued bank) walking towards in street CMS IAN FRASER (former director JMB) intvw EXT SOF: (refuses to comment on the affair) "Well my conscience is clear -- clients" FREEZE FRAME STILL Bank of England Report & Accounts 1985 document GRAPHIC Loss due to massive loans to two customers, Mahmud Sipra and the Imams (formerly Sipra's brothers-in-law and now his rivals) London CMS Mahmud Sipra working on film set as a freelance film director BV Sipra & camerman shooting scene in room of house MS Sipra watching scene NIGERIA Excerpt from "Konkombe" (Nigerian TV ) Lagos music programme): ) MS Band playing ...

ENGLAND MS Ian Fraser (JMB director who resigned after Bank of London England rescued bank) walking towards in street CMS IAN FRASER (former director JMB) intvw EXT SOF: (refuses to comment on the affair) "Well my conscience is clear -- clients" FREEZE FRAME STILL Bank of England Report & Accounts 1985 document GRAPHIC Loss due to massive loans to two customers, Mahmud Sipra and the Imams (formerly Sipra's brothers-in-law and now his rivals) London CMS Mahmud Sipra working on film set as a freelance film director BV Sipra & camerman shooting scene in room of house MS Sipra watching scene NIGERIA Excerpt from "Konkombe" (Nigerian TV ) Lagos music programme): ) MS Band playing on stage with guitars ) HARCOURT CMS Bank notes being passed from hand to ) FILMS hand (known as "dashing money") ) CMS Man handing out money to others ) BV Man handing money to the band ) CMS Singer singing while holding money ) BV Three women singers in Nigerian costume) dancing on stage ) CMS Woman accepting money as she dances ) BV Woman handing money to band on stage ) CMS Band smiling and accepting money ) LMS Construction site, lorry along in BV ) RR MS Scaffolding and girders on construction) 8403A site ) LMS Two men walking across huge empty ) factory under construction ) LA Girder construction of tall building ) ZOOM IN three workmen on girders ) ENGLAND MS Dealers seated at computer terminals in London the Precious Metal dealing room Johnson CBV Dealer on phone Matthey Bank CMS Two dealers on phones CMS Dealer on phone CBV Dealers at computer terminals TMS Ditto CMS EDWARD STOURTON sitting in JMB boardroom I/C SOF: "When Johnson Matthey decided -- GRAPHIC Johnson Matthey Bankers and Sindhi Circle (group of Indian traders in London) STILL Rajendra Sethia (at centre of Sindhi Circle; now the world's biggest bankrupt, and in prison in India awaiting trial) (B/W) LA EXT "Johnson Matthey Bankers Ltd" ) TX building ) 20.6.85 ) ITN CMS MIHIR BOSE (Financial Weekly) intvw EXT SOF: (on the reasons why JMB made such loans) "The advantages -- sort of idea" CMS Sethia family album opened to show cars owned by Raj Sethia STILL Sethia and wife (colour photo) London CMS Umaru Dikko, Nigerian Finance Minister ) TX (later kidnapped by Nigerians in an ) 12.2.85 attempt to fly him home (in a crate) to) ITN face corruption charges) ) MS Dikko with colleague, being intvwd ) STILL Sethia (awaiting trial in New Delhi) (B/W) + GRAPHIC 1984 NIGERIA MS TRACK ALONG street by market stalls ) RR MS People in street, tall buildings in B/G) 8403A ) MS Gen Mohammed Buhari in uniform reading ) statement (his coup ousted civilian ) govt of Pres Shagari) ) January 1984 MS SIDE TV cameramen & press at PKF ) GS CMS GENERAL MOHAMMED BUHARI pkf SOF: ) 11018402 "Gentlemen of the press -- to change" ) LMS Troops at checkpoint ) TX MS Soldiers check under bonnet of car ) 9.1.84 CMS Soldier patrolling in narrow alley of ) ITN market ) CBV Soldier talking to stall holders ) AV EXT National Bank of Nigeria facade ) TX PULL BACK busy traffic ) 17.3.81 ) ITN ENGLAND STILL Liner bill of lading London (Sethia was caught in shipping fraud, claiming ITN Studio cargo was going to two different places) Hampstead MS EXT Sethia's (#3m) house in Hampstead seen through trees of garden MS Private lake in garden, amongst trees MS "For Sale" sign outside house INDIA CMS Sethia under arrest in India, with wife) New Delhi (facing fraud charges over dealings ) ITN(Percy) with Indian banks) ) CMS Sethia under arrest, towards ) ENGLAND CMS EXT "ESAL HOUSE" doorway PULL BACK London LA Windows of tall Georgian house TILT DOWN CMS MIHIR BOSE ("Financial Weekly") intvw EXT SOF: "Rajendra Sethia was the kingpin -- collapsing" GRAPHIC JMB & Singhi Circle, #80m loans outstanding CMS EDWARD STOURTON I/C SOF: "In normal circumstances -- severe setback AV EXT JMB large pink-brick building PAN R-L CMS Lettering on wall "JOHNSON MATTHEY 43 HATTON GDN" AV EXT building STILL JMB Directors' Report 1984 + GRAPHIC US Jewellery Loss $69m STILLS Abdul Shamji investor (B/W) USA SEQ Excerpt from US television series, ) LIFE- "Lifestyles of the Rich & Famous": ) STYLES featuring Mahmud Sipra being intvwd ) PRODS and boarding his yacht with female ) companion ) ENGLAND 2 SHOT Sipra & Stourton London CMS MAHMUD SIPRA intvw SOF: (says JMB made large profits from his account) "I think in the last year -- every development" MS Sipra at desk opposite business colleague CMS Sipra in office, talking STILL Novel "Pawn to King Three" by Mahmud Sipra CMS MAHMUD SIPRA intvw SOF: "Somebody needed -- the dust will now settle" STILL Nigel Lawson, Chancellor of the Exchequer STILL Labour MP Brian Sedgemore (has asked for public enquiry) STILL SDP Ldr David Owen (calling for enquiry) STILL Sir Geoffrey Howe (Foreign Sec) The City CMS EDWARD STOURTON I/C SOF: "Politicians of all parties -- to suffer" (+ SIGN OFF) VIDEO ex LIB(RR/ITN/UPITN)/ENG(Percy/Brown/Phillips/Rose/ Angel/West)/HARCOURT FILMS/LIFESTYLES PRODUCTIONS TX 27.8.85/C4N Archive Tape & Cas 26092 85/C4N/X19143 03.00 to 17.10

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