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percent above the interest rate on the Traveluck $1,625,000 CD.
The interest rate on BB $1,625,000 Loan No. 2 was 8.25 percent,
and the interest rate on the Traveluck $1,625,000 CD was 7.75
percent. At the special request of Radcliffe, the interest on BB
$1,625,000 Loan No. 2 was made payable on a monthly basis on the
11th of each month, and, at the special request of Traveluck, the
interest on the Traveluck $1,625,000 CD was made payable on a
monthly basis on the 11th of each month.
On July 10, 1985, Bangkok Bank HK branch forwarded to
Bangkok Bank LA branch instructions from Traveluck (July 10, 1985
instructions) that the deposit in Bangkok Bank LA branch that was
represented by the Traveluck $1,625,000 CD was to be transferred
to an account in the name of Double Wealth. The July 10, 1985
instructions from Traveluck also directed Bangkok Bank LA branch
to remit the interest payable on the Traveluck $1,625,000 CD for
the one-month period June 11, 1985, until July 11, 1985, to
Traveluck's account with Bangkok Bank HK branch.
Pursuant to the July 10, 1985 instructions, on or about July
11, 1985, (1) the deposit in Bangkok Bank LA branch that was
represented by the Traveluck $1,625,000 CD was transferred from
the account in the name of Traveluck to an account in the name of
Double Wealth; (2) Bangkok Bank LA branch issued to Double Wealth
a certificate of deposit (Double Wealth $1,625,000 CD) that was
in the same amount for which the Traveluck $1,625,000 CD had been
issued and that matured on August 12, 1985; and (3) pursuant to a
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