I’m told that there was a free and fair exchange of views in the Blue Room on Friday.
Mr David Cunningham and a very senior member of the Sevco High Command had a very loud discussion about monies owed.
The director told the convicted criminal on Friday that he finally wanted his money back.
This chap had loaned the Johannesburg based entrepreneur two interest-free loans to purchase RIFC shares as part of the Off Licence Putsch in 2015.
he had expected that it would have been a rather short-term loan.
However, things have rather dragged and Lord Impecunious always seems to have an excuse at the 11th hour to explain his non-payment.
Although he had asked Mr King for the money last year, that conversation had been Parked.
Now it is payback time.
Mr King had been in dignified conclave with a legally trained chap and the Ample Advisor on Friday when he was doorstepped.
This very Senior member of the Sevco High Command turned up unannounced, much to the chairman’s surprise and a Quintessentially British rammy ensued.
The Churchillian discussion ended with the director saying that he would “take steps” to get his money back.
I am told that Mr King wished him the best of British with that one!
My information is that the director loaned a substantial seven-figure sum in two tranches to the man described by a South African judge as a “glib and shameless liar”.
Meanwhile, Sevco staff have been told to expect more redundancies.