Venables: my signature was forged

Terry Venables' signature was forged on a letter at the centre of a pounds 1m fraudulent loan inquiry, the England coach has told the Serious Fraud Office.

In a statement to SFO detectives, details of which have been obtained by the Independent, Mr Venables insists someone else countersigned the letter in his name, giving the impression that he was prepared to act as guarantor.

The letter was used in last night's Panorama programme as part of evidence casting doubt on Mr Venables' business probity. It was sent by Steven Illidge, investment controller of Landhurst Leasing, the company that advanced a pounds 1m loan at a time when Mr Venables was raising cash to buy half of Tottenham Hotspur FC with Alan Sugar, the Amstrad chairman.

Dated 2 September 1991, the letter gives details of proposed terms and conditions of the loan to Edennote Ltd, Mr Venables' company, and includes the wording: ``We will require . . . the personal guarantee of Mr Terry Venables.'' The Panorama journalists Mark Killick and Martin Bashir obtained a copy of the letter, which was countersigned ``T F Venables''.

But in January, Mr Venables told the SFO, which is investigating the activities of Landhurst Leasing: ``I would not and did not supply a personal guarantee. I have . . . been shown another copy of that letter. On the second page there appears an acceptance of the terms and conditions contained in the letter.

``The acceptance bears a signature, T F Venables. This is not my signature.''

The Panorama programme made three central allegations against Mr Venables:

- That the ``loan'' he took out with Landhurst was in fact a sale and leaseback deal involving the assets of four pubs belonging to Transatlantic Inns, a company of which he used to be a director. The programme alleged that the pubs' assets were not Mr Venables' to sell. Further, it said one of the pubs did not even exist.

- That Mr Venables refused to repay the balance of the pounds 1m loan when Landhurst went into liquidation in 1992 because his personal guarantee went missing from Landhurst's safe. Panorama alleged he eventually repaid pounds 700,000 of a total of pounds 1.4m (including interest), leaving the creditors pounds 700,000 out of pocket.

- That he unlawfully took pounds 435,000 out of Edennote last year ahead of other creditors when it went into receivership. He made himself a preferential creditor by claiming he had put money into the company. Panorama said he had not.

However, in an exclusive interview with the Independent yesterday, Mr Venables denied ever making a personal guarantee for the loan. He said: ``All I can say is that it was not my signature on that piece of paper. I don't know why it was forged but I do know I pointed out to the SFO which part [of the signature] proved it was not mine and they agreed.

``I am not in the slightest bit concerned about the allegations because I have done nothing wrong. Despite the fact that I had not signed a personal guarantee, and even though two sets of solicitors advised me that I had no legal duty to pay money to Landhurst, I am repaying pounds 775,000 because I feel morally bound. That's more than its other debtors have done.''

(Photographs omitted)

Laughing it off, page 2

Leading article, page 15

Susan Sarandon described David Bowie as
peopleSusan Sarandon reveals more on her David Bowie romance
Arsenal supporters gather for a recent ‘fan party’ in New Jersey
sportDidier Drogba returns to Chelsea on one-year deal
Arts and Entertainment
The Secret Cinema performance of Back to the Future has been cancelled again
Have you tried new the Independent Digital Edition apps?
ebookA unique anthology of reporting and analysis of a crucial period of history
Life and Style
Balmain's autumn/winter 2014 campaign, shot by Mario Sorrenti and featuring Binx Walton, Cara Delevingne, Jourdan Dunn, Ysaunny Brito, Issa Lish and Kayla Scott
fashionHow Olivier Rousteing is revitalising the house of Balmain
Arts and Entertainment
Christian Grey cradles Ana in the Fifty Shades of Grey film
filmFifty Shades of Grey trailer provokes moral outrage in US
BBC broadcaster and presenter Evan Davis, who will be taking over from Jeremy Paxman on Newsnight
peopleForget Paxman - what will Evan Davis be like on Newsnight?
Life and Style
fashionCustomer complained about the visibly protruding ribs
The new dawn heralded by George Osborne has yet to rise
voicesJames Moore: As the Tories rub their hands together, the average voter will be asking why they're not getting a piece of the action
Dejan Lovren celebrates scoring for Southampton although the goal was later credited to Adam Lallana
newsComedy club forced to apologise as maggots eating a dead pigeon fall out of air-conditioning
Arts and Entertainment
Jo Brand says she's mellowed a lot
tvJo Brand says shows encourage people to laugh at the vulnerable
Life and Style
People may feel that they're procrastinating by watching TV in the evening
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Senior Risk Manager - Banking - London - £650

£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...

Commercial Litigation Associate

Highly Attractive Package: Austen Lloyd: CITY - COMMERCIAL LITIGATION - GLOBAL...

Systems Manager - Dynamics AX

£65000 - £75000 per annum + Benefits: Progressive Recruitment: The client is a...

Service Delivery Manager (Software Development, Testing)

£40000 - £45000 per annum: Ashdown Group: A well-established software house ba...

Day In a Page

Evan Davis: The BBC’s wolf in sheep’s clothing to take over at Newsnight

The BBC’s wolf in sheep’s clothing

What will Evan Davis be like on Newsnight?
Finding the names for America’s shame: What happens to the immigrants crossing the US-Mexico border without documents who never make it past the Arizona desert?

Finding the names for America’s shame

The immigrants crossing the US-Mexico border without documents who never make it past the Arizona desert
Inside a church for Born Again Christians: Speaking to God in a Manchester multiplex

Inside a church for Born Again Christians

As Britain's Anglican church struggles to establish its modern identity, one branch of Christianity is booming
Rihanna, Kim Kardashian and me: How Olivier Rousteing is revitalising the house of Balmain

Olivier Rousteing is revitalising the house of Balmain

Parisian couturier Pierre Balmain made his name dressing the mid-century jet set. Today, Olivier Rousteing – heir to the house Pierre built – is celebrating their 21st-century equivalents. The result? Nothing short of Balmania
Cancer, cardiac arrest, HIV and homelessness - and he's only 39

Incredible survival story of David Tovey

Tovey went from cooking for the Queen to rifling through bins for his supper. His is a startling story of endurance against the odds – and of a social safety net failing at every turn
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little