Letter to the Parliamentary Commissioner
for Standards from Mr Arif Husain, General Mediterranean Holding
Further to your letter of 30 October 2001, to the
best of my recollection, the accounts of General Mediterranean
Holding SA went to print some time between Mr Vaz's acceptance
and his resignation.
It is clear that there is confusion at your end about
the directors listed in the report of Compagnie Internationale
de Participations Bancaires et Financières SA (Cipaf).
I am enclosing photocopies of the page that lists the directors
of Cipaf for 1998 and 1999. There is no mention of Mr Vaz in either
of these two reports.
Furthermore, please note that General Mediterranean
Holding SA was established in 1979, Cipaf was established in 1982
and General Mediterranean Holding (UK) Ltd was incorporated in
1991. It is therefore impossible that there would be any mention
of the year 1978 in any of the accounts of the three companies.
I would suggest, with respect, that you eliminate any reference
to Cipaf as not only is it causing confusion, it is incorrect.
Turning to your question about benefits to Mr Vaz,
I can only speak for the companies in the General Mediterranean
Group and to the best of my knowledge, none of these has provided
any financial support or benefit to him.
31 October 2001