Corruption suspect Ewan Launder informed business associates he was acting on behalf of 'overseas investors' when lodging millions of dollars into a finance company, a jury has been told.
Prosecutors have accused the former Wardley chief of arranging for 'corrupt payments' to be deposited into a company that he controlled, Honeywell Investment Centre.
The money was allegedly invested in a Honeywell account with Impact Finance, a deposit-taking company.
One of Impact's founders and early directors was Brian Bryce, a former vice-chairman of Hyatt International.
Mr Bryce told the Court of First Instance yesterday: '[Launder] told me in his business in the area, he travelled a lot, met a lot of very successful businessmen. Some of them had asked if they could put funds in Hong Kong, invest on the stock market.' The best way to do this, Launder told Mr Bryce, would be though a company such as Honeywell.
Prosecutor Bernard Ryan asked Mr Bryce: 'Was there any evidence to indicate whether other persons were involved?' Mr Bryce said no.
He also said he had dealt only with Launder in relation to Honeywell.
