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Charles Rebozo — Part 1
Page 56
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According to
Mr. HIGGINS, he had never examined
the
loan application
allegedly signed
by CHARLES
REBOZU, that he
stated from
examining the
copy of
the loan
that
it
appeared that
some
of
the handwritin
on the
face of
the loan
application was
written in
the hand
orb
After the
loan was approved, HIGGINS stated
that
sometime thereafter
he was
made
president
of the
bank. ii
the
i e
loan was made, the
president of
the bank yes
wwho may
have
actually
handled some
of the
details of
this
oan agreement.
HIGGINS stated
that
he was unaware that
on the
same
date,
namely
November 29, 1972, that the hank transmitted $225,000.00
to the
Key Biscayne Bank of Miami, Florida,
for the
account of
CHARLES REBOZU, that REBOZO on the
very same
date, transferred
to the
account of
the Precision
Valve Corporation
at the
Hudson
Valley National
Bank the same
amount
namely $225,000.00.
Mr. HIGGINS recalled that
the bank had some difficulty
in collecting
t e
interest on
this loan
from REBOZO, and that
he had
been pressingbto have the
loan taken
off the
books
view of
the various
disclosures that
were being made public,
arising out
of the
Watergate investigations.
ecause of
his close
association with
or whom
he
has a power
of
attorney to
represent
in all
bank matters
was reluctant
to have
the loan
removed prior
to
its
term, namely
nine months
for the
twenty~flve
thousand dollars
and twelve
months for
the two
hundred thousand
dollars ' asmuch as
it would
hurt the
relations of
the bank
with
thepeople.
Mr. HIGGINS
stated that
he was
told that
the loan
was off
the books,
but was never apprised
of the
manner in which
the bank was repaid
on the
loan by
REBULO. Mr. HIGGINS was shown
a photocopy
of a check that had been furnished by
Mr.
NEIL of the
Hudson Valley
National Bank
which was a check
dated December 27,
1973, in
the amount of two
hundred twenty-nine
thousand three
hundred ninety-nine dollars and fortysix cents
$229,399.46!
payable to the Hudson Valley National
Bank, drawn upon the .
account of
the Precision
Valve Corporatioh
on their
account
2
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