Affidavit of Dr Mohamed Sami Ahmed
I, DR MOHAMED SAMI AHMED, of * * * MAKE OATH AND
SAY as follows:
1. I joined Transfer Technology Limited in 1982.
I became Managing Director in 1988. In May 1991 I became a main
board Director of what is now TransTec Plc and Managing Director
of one of its divisions. I left TransTec in 1994.
2. During the course of 1990 Transfer Technology
Limited carried out certain work for Lock International Plc which
at that time was a company ultimately beneficially owned by Maxwell
interests. It was proposed that Transfer Technology Limited receive
a management fee of £200,000 in respect of this work (the
"Management Fee"). In May 1991 the business of Transfer
Technology Limited and Lock International Plc were combined into
the business which is now known as TransTec Plc.
3. I have been asked to swear this Affidavit
to set out my recollection as to whether or not Transfer Technology
Limited or any associated companies received the Management Fee.
To the extent that matters to which I refer to in this Affidavit
are within my own knowledge they are true.
4. To the best of my knowledge, information and
belief neither Transfer Technology Limited or any associated companies
ever received the Management Fee. Equally I am unaware that Geoffrey
Robinson ever received this payment himself either direct from
Maxwell Interests or though Transfer Technology Limited or its
associated companies. My recollection is that in the end the Management
Fee was never paid. As Managing Director of Transfer Technology
Limited I would obviously be aware of such a large receipt by
the company or its subsidiaries. I would also add that in the
relevant period Transfer Technology Limited was subject to detailed
review by independent accountants in preparation for the reverse
take over of what is now TransTec Plc. Had Transfer Technology
Limited received the Management Fee it would obviously have been
highlighted in this process.
|Sworn by DR MOHAMED SAMI AHMED
|at Clinton House, Coleshill
||)||[Signed Sami Ahmed]
|On the 25 day of June 1999
Before me: [Signed C F Christensen]
A Solicitor for Oaths