> Check out the BBC Omnibus documentary where they show you the
bank statement. A
> couple of days after the money is withdrawn another million is
mysteriously deposited in
> into their account. But then we all knew that anyway!
Actually that's not accurate. The deposit was the *same day* as the
withdrawl.
These are stills from Omnibus, which I happen to have sitting on my hard
drive right now. They are of the Aug 1994 bank statement for KLF
Communications.
The top pic shows a withdrawl of 1mUKP to KLF Group, and a TRD INT
(interest?) deposit of 2863.70UKP, and a TRD deposit of 1,130,000UKP all on
the same day. 2x of Aug. The hole punch is covering the second
digit.
I don't know what TRD stands for. TRD INT looks like Traditional
Interest, but what TRD alone stands for I don't know. Is this a general
UK banking line item or specific to National Westminster Bank. Would be
interesting to know. But the deposit is clearly the same date as the
withdrawl.
But the important bit is the final balance on the account for the
month. 133,097.17ukp. Hardly over a million if the deposit was
done afterwards.
It doesn't appear the they kept a lot of money in that account to begin
with. Look at the Aug2 series of transations. A 500k
withdrawl (treasury reserve) and a transfer of the same amount on the
same day. Clearly the real money is kept somewhere else and transferred
to this account when needed.
-paul
