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In the third day of the trial in New York, the UK funder handed over to the transcript of a speech he gave to employees of the EMI, in September 2007, in which he told them "60pc 70pc of my fortune is dependent on how the IME performs".

Senior Counsel, Citi, Theodore V Wells asked Mr. hands: "no true a you trial because you want to blame someone else for your purchase of EMI"? Mr. hands replied: "No, this is not correct."

The 51 - year also refused was concerned Terra Firma receive proceedings of its own investors on its acquisition ill-fated ￡ 4 5.3 label music in May 2007, or that he was concerned, it would be impossible to raise new funds to investors.

Terra Firma says Citi billion in damages, alleging that David Wormsley, head of the Investment Bank, banking, wrong from the hands of Mr. suggests that he needed to submit a bid for ￡ 4 5.3 for EMI Monday, May 21 by .the ' agreement was one of the last made before the financial crisis and, according to Mr. Hands, the value of the IME has now fallen ￡ 1 8bn.CITI rejects all allegations.

In a day of intense cross-examination, Mr. hands has been challenged on three alleged calls made by Mr. Wormsley for three days before 21 May - the conversations in which Terra Firma alleges star banker of Citi in London, said Mr. hands a rival of private equity firm was ready to submit a tender, knowing that he was not also.

In a strive to raise questions about memories from the hands of Mr. event, Mr. Wells requested capital boss why is he remembers three telephone calls, but not the details of a meeting on the morning of May 18 that where an internal document of 160 pages recommend a bid for EMI was discussed.

A document of 160 pages "is not the most memorable thing in life," said Mr. hands.

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