. 165. Prior to the commencement of the meeting (Michelle and I had met Scot by
anangement earlier at 9.30am) Soot advised Michelle and me that he wanted a

settlement to he concluded and that was the reason for his attendance as he thought

that he might be able to assist in resolving the litigation. He also told us that he had

paid- between ?3 and ?4 million in cash during the 2 years or so prior to

March 2005 and that -had removed the valuable antique furniture Eton-l his

wife's Wooten property which was worth between ?l million and ?2 million and had

never accounted for the sale proceeds. A copy oflhc authority provided h- to

their repossession agents is at page 214. Young has also confirmed the

approximate value of the fm'mture in her affidavit of 19 June 2007. Soot also

mentioned that he did not owe-anything like the sum that they had claimed

against him.