The Crown v Gerard Baden-Clay, 24th June - Trial Day 9, Week 3

[Amee]

11:16am: Mr Christ said the friends agreed Mr Baden-Clay would repay them each $90,000 in principal plus $90,000 interest.

"The idea was he would pay the money back as soon as he could," he said.

"The interest was setting the cap on the amount he would repay. He would repay that as soon as he was able ...

"We had various discussions about how to make it equitable and it seemed the easiest thing to do at the time.

"There was no signed, written agreement."

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W0BUJSg

 

[drsleuth]

Kate Kyriacou @KateKyriacou · 30s

Mr Christ says Gerard took over the rent roll in 2011, getting finance from his former partners. #badenclay

Mr Christ says they did not speak to Allison about the loans but the cash was paid into her and Gerard's joint business account. #badenclay

Mr Christ says he may have met Toni McHugh but he doesn't recall her. He was not aware of the affair. #badenclay

 

[Amee]

David Murray ‏@TheMurrayD 58s

Mr Christ discussing the deal Gerard struck with his business partners to buy them out of the rent roll #badenclay

 

[Timmy]

Kate Kyriacou @KateKyriacou · 57s

Defence asks Mr Cheesman whether he was aware that Allison wanted a son. He says he was aware of that. #badenclay

Mr Cheesman says he knew Allison was suffering depression and he knew Gerard found it hard. #badenclay

Mr Cheesman says his company and Gerard's were both once listed in BRW's fastest growing companies. #badenclay

Mr Cheesman says he remembers Nigel asking if he could find Gerard a lawyer after Allison disappeared. #badenclay

I find the repeated suggestion of this being a major issue in Allison's life really frustrating!!

 

[Amee]

Francene Norton ‏@francenenorton 46s

Mr Christ says they paid the money into Gerard and Allison's joint bank account. #badenclay @abcnews

 

[spratsmum]

Gerard owned a rental property and shares in Flight Centre?

the Flight Centre shares were worth about $11000 according to the financial report tended to the court. The rental property though, must be the property owned by Allison and her brother?? at Paradise Point, next door to the Dickies home.

 

[Amee]

Kate Kyriacou ‏@KateKyriacou 1m

Mr Christ says they did not speak to Allison about the loans but the cash was paid into her and Gerard's joint business account. #badenclay

 

[Amee]

David Murray ‏@TheMurrayD 57s

Mr Christ says he was not aware of any relationship between Gerard and Toni McHugh #badenclay

 

[BJsleuth]

How on earth do people cope loosing that much money? They will never get it back!

Rule 1. Never risk more than you can afford to lose.

 

[drsleuth]

Kate Kyriacou @KateKyriacou · now

Mr Christ says Allison became more involved in the business in late 2011 "and that actually gave us a lot of comfort". #badenclay

Mr Christ says his impression was Allison was involved in the management of the rental business and the business in general. #badenclay

Mr Christ says during one discussion they asked Gerard to go and confirm something with Allison. #badenclay

Mr Christ: We actually pushed that point that Allison was involved.

Mr Christ says they did not speak directly to Allison at the time of the loan. #badenclay

 

[Amee]

11:19am: Mr Christ said he received three interest payments from Mr Baden-Clay in June, July and August.

"As of April 2012 none of the principal had been repayed?" Crown prosecutor Danny Boyle asked.

"That's correct," Mr Christ replied.

"And none of the interest had been paid since July 2011?" Mr Boyle said.

"Thats correct, July, August," Mr Christ replied.

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W0yZkI9

 

[Camp Chair]

11:16am: Mr Christ said the friends agreed Mr Baden-Clay would repay them each $90,000 in principal plus $90,000 interest.

"There was no signed, written agreement."

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W0BUJSg

$90k and nothing on paper?? OK.....

 

[Amee]

11:19am: "As far as I'm concerned we gave money to both Gerard and Allison. We spoke to Allison regularly and she was very much aware of this," Mr Christ said.

"We paid the money into Gerard and Allison's joint business bank account."

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W166MjA

 

[Amee]

Kate Kyriacou ‏@KateKyriacou 59s

Mr Christ says during one discussion they asked Gerard to go and confirm something with Allison. #badenclay

 

[drsleuth]

Kate Kyriacou @KateKyriacou · 3s

Mr Christ says after the loan, they "required very regular updates" on the business, its sales, expenditures. #badenclay

Mr Christ says in late 2011, they became more comfortable that the business would survive. #badenclay

Mr Christ says at various times, Gerard would ask for more money. #badenclay

 

[Amee]

11:20am: Mr Christ said he was aware that Mrs Baden-Clay became more involved in the real estate agency in late 2011.

That, he said, gave him much comfort.

He said he was not aware of Mr Baden-Clay's affair with Toni McHugh.

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W1UR19N

 

[Timmy]

Rule 1. Never risk more than you can afford to lose.

Unless your name is hyphenated!

 

[Amee]

Kate Kyriacou ‏@KateKyriacou 1m

Mr Christ: We actually pushed that point that Allison was involved. #badenclay

Kate Kyriacou ‏@KateKyriacou 1m

Mr Christ says they did not speak directly to Allison at the time of the loan.

 

[ollijack]

$90k and nothing on paper?? OK.....

I Know, why would successful business men NOT have something in writing, my god, they have sure learnt a harsh lesson.

 

[Amee]

Gerard Baden-Clay's former mistress Toni McHugh.

Gerard Baden-Clay's former mistress Toni McHugh. Photo: Supplied

11:20am: Mr Christ said he was aware that Mrs Baden-Clay became more involved in the real estate agency in late 2011.

That, he said, gave him much comfort.

He said he was not aware of Mr Baden-Clay's affair with Toni McHugh.

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35W1rgUZW