25 SEPTEMBER 1999, Page 46

The Captain's Chrysler

ROBERT Maxwell came up before the Takeover Panel and its first director-gener- al, Ian Fraser, spotted a familiar face. Sure- ly this was Captain Maxwell, MC, who used to drive his pink Chrysler in and out of the Russian zone of Germany? Lieutenant Fraser, MC, had been there when the car was stopped and searched. Sir Ian lists its contents in his memoirs, The High Road to England. (Michael Russell, £24): 'Three- quarters of a ton of gold, uncut jewels, bearer bonds, stamp collections, dollar and sterling banknotes and various kinds of what appeared to be financial instruments. Talking his way out of that one, the Captain lived to be trounced by the Panel and deemed by the Board of Trade's inspectors to be an inappropriate steward of a public company. Even that did not hold him down for long. He had claimed to be using his Chrysler for smuggling out Jewish-owned assets from the East. Politely, Sir Ian won- ders what his commission was.