- 17 - Diesel Power 1972-1976 Yes Diesel Power Banque de Paris Diesel Power Unknown Unknown Diesel Power Channel Island WHIP 1972-1976 Yes WHIP Barclays Bahamas WHIP Unknown Unknown WHIP Banque de Paris All Patents 1972-1976 Yes All Patents Banque de Paris IGOS 1974 Yes IGOS CNB Columbus Interrep, S.A. 1973 Unknown Interrep Banque de Paris During 1973 petitioner wrote checks to himself on the Diesel Power Bank of America account5 in the amounts of $30,000, $75,000, $90,000, and $10,500. These checks were endorsed for deposit into either a CTC account or one of petitioner's personal accounts. An additional $50,000 was withdrawn from this account during 1973 and paid to petitioner/CTC. The CTC cash receipts journal reflects each of these amounts received as a loan. However, there is no other documentary evidence of a loan between petitioner and Diesel Power at this time, nor is there any documentary evidence that such a loan, if it existed, was ever repaid. Petitioner also wrote a check to himself in the amount 5 Although the account number that appears on the checks contained in Exh. 508-SN is different than the stipulated account number for the Diesel Power Bank of America account, the parties have stipulated that the checks contained in that exhibit were written on the same account. Therefore, we assume that the difference in account numbers is of no significance and that there was only one Diesel Power Bank of America account.Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Next
Last modified: May 25, 2011