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Aug 28, 2009

…And original files reside in relevant Telemedia departments

But the allegations did not stop at just looting. Boyce also responded to claims that he had documents removed from the B.T.L.’s offices before he left and he addressed the issue of potential investors in Telemedia.

Dean Boyce, Former Chairman, Executive Committee, B.T.L.
“I don’t actually have any original documents in my office, I never have. All of the original documents rest with the relevant departments. So, Finance Department will have all of the relevant Finance Department records, Human Resources will have all the personnel records and so on with the other departments. I really don’t have a lot of documents in my office. What tends to happen with any document I get and retain are the ones that people will physically bring to me. Again the comments made that we had removed documents just isn’t valid.”

Marion Ali
“So those documents are there?”

Dean Boyce
“The documents are there and in fact, it also referred to documents, interconnection agreements and so on, they are over in the building with the relevant sections. I understand that the company’s secretary is being requested to provide information that they retained which isn’t held physically on site there and those are being prepared at the moment and will also be provided to them.

I’ve had at least four companies that have expressed interest in the past for buying Telemedia. Over the past years, during the second half of 2007, a big international company did a full due diligence of the company for us to see its worth and they made an offer and they would have paid for it. And it was based upon having a very stable environment with sensible tax rates and so on. And that was the offer that came in actually it was quite a bit above three hundred million U.S. Things have changed since then, a comment the other day was about Channel Five and I think it’s in the article that will have reduced the value of the company. The original shareholders of Telemedia now own G.B.P.L. which owns Channel Five and that therefore has reduced the value of Telemedia, but at the time, it was legitimate distribution by the owners of the company and they’ve already taken their value out. So, if somebody was now saying what’s the value of Telemedia well it’s the value of Telemedia a week ago less the value of Channel Five.”

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