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Bank of China S'pore

http://singsupplies.com/attachment.php?attachmentid=1226&d=1269297719

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ANNOUNCEMENT
INVESTIGATION OF LIU JINBAO AND ZHANG DEBAO

SUMMARY
The Company was informed by Bank of China today that Messrs. Liu Jinbao and Zhang Debao are also being investigated by judicial authorities in the Mainland of China in relation to the Matter, which, according to Bank of China, is unconnected with and does not affect the assets, liabilities and operating results of the Company.

THIS ANNOUNCEMENT IS MADE BY THE COMPANY PURSUANT TO RULE 13.09 OF THE RULES GOVERNING THE LISTING OF SECURITIES ON THE STOCK EXCHANGE OF HONG KONG LIMITED (the “Listing Rules”).
Following initial enquiries made into the allegations (the “Matter”) referred to in the Company’s announcement dated 2nd August, 2004 the “Announcement”), the Company was informed by Bank of
China, the Company’s controlling shareholder, today that Mr. Liu Jinbao (“Mr. Liu”), the former chief executive and Mr. Zhang Debao (“Mr. Zhang”), the former general manager of the Chief Executive’s Office, are also being investigated by judicial authorities in the Mainland of China in relation to the Matter which, according to Bank of China, is unconnected with and does not affect the assets, liabilities and operating results of the Company. Mr. Zhang was posted back to Bank of China in April 2004 and is no longer an employee of the Company or any of its subsidiaries. The Company was further informed
that the Matter came to light in the course of the investigation of Mr. Liu after he was posted back to Bank of China in May 2003. The Company also wishes to update its shareholders and the public that, as stated in the Announcement, the Audit Committee of the Board of Directors (the “Board”) and the Independent Non-executive Directors of the Company have commenced their investigation into the Matter and will report to the Board as soon
as possible when the outcome is available. The Hong Kong Monetary Authority has also commenced their investigation.

Further announcements will be made in accordance with the Listing Rules to update developments in the Matter. Meanwhile, investors and shareholders are advised to exercise caution when trading in shares of the Company.

By Order of the Board
Jason C.W. Yeung
Company Secretary
Hong Kong, 5th August, 2004
As at the date hereof, the Board comprises the following Directors:
* Mr. XIAO Gang (Chairman)
* Mr. SUN Changji (Vice-chairman)
Mr. HE Guangbei (Vice-chairman and Chief Executive)
* Mr. HUA Qingshan
* Mr. LI Zaohang
* Mr. ZHOU Zaiqun
* Ms. ZHANG Yanling
** Dr. FUNG Victor Kwok King
** Mr. SHAN Weijian
** Mr. TUNG Chee Chen
** Ambassador YANG Linda Tsao
* non-executive directors
** independent non-executive directors
Senior Adviser to the Board:
Mr. NEOH Anthony Francis

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CEO BANK OF CHINA
The former head of the Bank of China in Hong Kong has been accused of spending almost £300,000 on plastic surgery for his mistress, in the latest of a series of sex scandals exposed in the state-run media.

Liu Jinbao is said to have confessed that he wanted to make his mistress look more like his high-school sweetheart, from whose rejection he never recovered.

The leaking of court records relating to his conviction for corruption comes as a string of senior figures from the Communist Party and big business fall victim to a nationwide purge, centred on Shanghai.

The charges have mainly been embezzlement, illegal loans and cronyism, but newspapers and websites are running ever wilder stories of officials' love lives.

The purge began with the vice-mayor of Beijing, who was exposed for corruption involving Olympic Games-related developments but was also found to be keeping concubines in a luxury villa.

Liu, 54, the latest figure to be "outed", used to be known for having become head of the Bank of China in Shanghai at the relatively young age of 40. He was then promoted to chief executive of the bank's subsidiary in Hong Kong, and finally made deputy chairman of the parent company in Beijing, before being implicated in a real estate scandal in Shanghai.

His trial last year, where he received a suspended death sentence, was not held in public, but a specialist legal paper claims to have been leaked court documents.

Liu's main offences were the near-£2 million he got in bribes, and the millions in illegal loans he approved to businessmen in return.

But the details of his relationship with a propaganda officer in the Shanghai branch portrayed a banking "big fish" who never outgrew a schoolboy crush on a girl called "Chen Chen" who ripped up his first love letter.
When he introduced his "secretary" to old school friends over dinner, they immediately noticed a similarity to Chen Chen, he allegedly confessed.To make her perfect, he sent her to cosmetic surgery clinics in Hong Kong, Singapore, South Korea and Britain, armed with a photograph of Chen Chen.

Source: The Daily Telegraph, 21 November 2006.

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she was wearing the bank's uniform while having her orgy with her boyfriend.
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CEO BANK OF CHINA
The former head of the Bank of China in Hong Kong has been accused of spending almost £300,000 on plastic surgery for his mistress, in the latest of a series of sex scandals exposed in the state-run media.

Liu Jinbao is said to have confessed that he wanted to make his mistress look more like his high-school sweetheart, from whose rejection he never recovered.

The leaking of court records relating to his conviction for corruption comes as a string of senior figures from the Communist Party and big business fall victim to a nationwide purge, centred on Shanghai.

The charges have mainly been embezzlement, illegal loans and cronyism, but newspapers and websites are running ever wilder stories of officials' love lives.

The purge began with the vice-mayor of Beijing, who was exposed for corruption involving Olympic Games-related developments but was also found to be keeping concubines in a luxury villa.

Liu, 54, the latest figure to be "outed", used to be known for having become head of the Bank of China in Shanghai at the relatively young age of 40. He was then promoted to chief executive of the bank's subsidiary in Hong Kong, and finally made deputy chairman of the parent company in Beijing, before being implicated in a real estate scandal in Shanghai.

His trial last year, where he received a suspended death sentence, was not held in public, but a specialist legal paper claims to have been leaked court documents.

Liu's main offences were the near-£2 million he got in bribes, and the millions in illegal loans he approved to businessmen in return.

But the details of his relationship with a propaganda officer in the Shanghai branch portrayed a banking "big fish" who never outgrew a schoolboy crush on a girl called "Chen Chen" who ripped up his first love letter.
When he introduced his "secretary" to old school friends over dinner, they immediately noticed a similarity to Chen Chen, he allegedly confessed.To make her perfect, he sent her to cosmetic surgery clinics in Hong Kong, Singapore, South Korea and Britain, armed with a photograph of Chen Chen.

Source: The Daily Telegraph, 21 November 2006.

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人之初
性本善
性相近
習相遠

People at birth,
are naturally good.
Their natures are similar;
their habits become different.

2

苟不教
性乃遷
教之道
貴以專

If, negligently, not taught,
their nature deteriorate.
The right way to teach,
is with absolute concentration
 
LIM YONG MING

Shouted "Buy TT International!" Everyday playing shares...

Relationship Manager BANK OF CHINA

BANK OF EAST ASIA
 
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This is so disgusting. No more please.



ONG KAH YIM WINSTON

Part time job manager of BANK OF CHINA...full time job play shares...big time...claims he has rich indon relatives...manager screws around with clerk...clerk becomes assistant manager BOC

UOB KAY HIAN
 
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