Prosecution witness Khot says he had concerns about Cairn order

Dipak Khot asked Johnson and his team to return some money to Cairn after seeing unexpected volatility

price-rise
“So long as it is above 1.5730, he should be happy,” Johnson stated in an email shown to the court

A former HSBC colleague of Mark Johnson, who was allegedly part of a scheme to defraud Cairn Energy on a $3.5 billion foreign exchange order, testified for the prosecution to say he personally believed the defendants started trading a lot earlier than the fixing time when Cairn’s order was due to be executed.

The claims were made on the second day of the trial against Johnson.

Dipak Khot, who was head of corporate structuring and prepared the request for proposal (RFP) for Cairn, told the

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