December 9: On This Day in World History … briefly
On 5 November 1991, Maxwell was last in contact with the crew of his yacht, the Lady Ghislaine, at 4.25am local time, but was found to be missing later in the morning.
1991: Millions missing from Maxwell pensions
At least £420 million ($773 million) was missing from pension funds controlled by billionaire Robert Maxwell. Maxwell died at sea on November 5, apparently after falling naked from the deck of his luxury yacht in the middle of the night. Sensational revelations followed as the Maxwell empire collapsed amid massive debts and evidence of shady deals to prop up share prices.
Maxwell’s younger son Kevin had to fight a court order stopping him and his brother Ian leaving Britain. This follows evidence that money continued to flood out of the Mirror Newspaper Group pension fund even after Maxwell’s death. The court order also froze Kevin Maxwell’s assets worldwide.
Most notable historic snippets or facts extracted from the book ‘On This Day’ first published in 1992 by Octopus Publishing Group Ltd, London, as well as additional supplementary information extracted from Wikipedia.
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