CITI banker was "angry" with Guy Hands, Court hears

Mr. Wormsley said in Manhattan Court that in May 2007 Mr. hands was implicit in a conversation with Simon Borrows, who headed the sale of EMI, that Mr. Wormsley finds an offer of 240 p share is acceptable to the Board of the EMI. "I was furious," the banker Citi said jurors, adding that he had received a voicemail from the hands of Mr. excuse but has since been removed.

CITI and Mr. Wormsley are charged by Mr. hands, the founder of capital company Terra Firma, trick him into insufficient for EMI claiming there is another bidder.Mr. mains alleges that in three telephone calls on weekends before the final bids were due Monday, May 21, Mr. Wormsley told him that Cerberus, a rival company, went to bid, 262 p a part.Citi denies the allegations.

Mr. Wormsley also told jurors that his bonus had nothing to do with fees that Citi realized when he lent money to Terra Firma buy EMI. "Rapid response was that I received no benefit in my bonus funding," he said.

Advocates of Terra Firma told the Court that in early 2007 Citi was furious, that it is not assigned a role by EMI in the securitization of its Music Edition entreprise.Ils feared also that another bank was appointed Chief EMI on its sale by John Gildersleeve, Councillor new President of the label of music. ""We [Citi] want to be pushed, obviously not", said Mr. Wormsley.

CITI was paid for advice Wormsley M. Advisor of the EMI, as well as the. 6bn £ 2 that he lent to Terra Firma to help buy the music group.


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