>> ASIAONE / BUSINESS / NEWS / STORY
It will be handled 'fairly'
Sun, Oct 26, 2008
The Straits Times

By Chua Chin Hon, China Bureau Chief

XI'AN (China) - SINGAPOREANS aggrieved by their investment in Lehman Minibonds and DBS High Notes 5 will have their complaints handled 'fairly and properly', Prime Minister Lee Hsien Loong assured on Sunday in his first remarks on the issue.

He said it was understandable that some investors had reacted emotionally as they lost their money in a sudden and unexpected manner, while others felt that the risks had not been adequately explained to them.

But ultimately, the banks do realise that it is in their interest to resolve the matter quickly and not let it drag on, he told reporters in the western Chinese city of Xi'an where he wrapped up his five-day visit to China.


For more The Straits Times stories, click here.


 

 
STORY INDEX
 
  Crisis? Not yet, say expats in China
   
 
  At risk: $200k insurance payout for paralysed man
   
 
  Financial roundup: Oct 26
   
 
  It will be handled 'fairly'
   
 
  Central banks poised to act
   
 
  Investors rush to sell
   
 
  40 more 'mini-bonds' misselling in HK
   
 
  Old & worried
   
 
  Young & unfazed
   
 
  All mis-selling complaints to be reviewed: MAS
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg