Thanks EU.
I understand SP was living in Singapore, so opening a bank account alone wouldn't be all that suspicious. Are there more details? What is a 'numbered' bank account, no name attached to it? How was revealed that he had the account? Can the same source determine deposits, balances etc.?
You are great asset to this forum, nice for someone with only a passing interest to get questions answered, and without the rudeness, name calling and animosity that goes on. Perhaps more people would get involved if not for all that.
Sheridan was actually living in Nepal at the time, 2300 miles away.
The Government of Singapore passed a major overhaul of their banking system in 1970. These new banking regulations took effect on January 1, 1971. Included in these regulations were provisions that allowed for numbered bank accounts, similar to those in Switzerland.
Numbered bank accounts are completely confidential and allow the account holder to only be known by a number. Additionally, there are provisions built in the law that prohibit the bank from releasing any account information to authorities from other countries. Simply put, numbered accounts afford their owners the ability to utilize the banking system with complete anonymity which is favored by people who want to hide assets.
The catch is that the accounts require significant initial deposits to open. Nowadays, sums north of $1 million can be expected as a required initial deposit. Additionally, the fees are much higher than those associated with standard bank accounts.
Sheridan revealed the existence of his numbered account personally. I have documentation backing this up.