EFTA01582924.pdf

Copyright 1991 Bergen Record Corp. The Record December 19, 1991; THURSDAY; ALL EDITIONS SECTION: BUSINESS; Pg. E03 LENGTH: 414 words HEADLINE: MAXWELL FILES SHREDDED, MIRROR SAYS SOURCE: Wire services BYLINE: Cotten Timberlake, The Associated Press DATELINE: LONDON BODY: The daughter of the late Robert Maxwell ordered piles of documents shredded after his mysterious death at sea last month, according to the flagship newspaper of the late magnate. Ghislaine Maxwell issued the order on Nov. 8, the Daily Mirror reported Wednesday. "Ghislaine rushed through the yacht's lounges and cabins and rifled drawers and cabinets, plucking doctunents from them indiscriminately and throwing them to the ground." wrote senior reporter John Jackson, who said he witnessed the incident. "She shouted to the crew, I order you to shred immediately everything I have thrown on the floor!'" The Daily Mirror, as the flagship of the Mirror Group newspapers, has broken several stories on the fall of the Maxwell empire and has gone so far as to accuse Maxwell of being a thief. The newspaper said Ghislaine Maxwell, in New York, "totally and utterly" denies the allegations. In another announcement Wednesday, Britain's Serious Fraud Office said it is investigating allegations of stock manipulation. According to the allegations, shares in Maxwell Communication Corp. PLC were illegally sold to prop up the price of the stock. The stock had been pledged as loan collateral. Maxwell allegedly siphoned off more than $1.2 billion from public and private Maxwell companies and their pension funds to hold together his disintegrating media empire, which includes the Daily News in New York. He allegedly used the pension funds to service debts, cover operating losses, gamble in the foreign exchange markets, and support the stock of his publicly held companies. Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00062509 EFTA01582924