HK to probe ex-finance chief & top banke

[makapaaa]

<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffee Shop Talk - HK to probe ex-finance chief & top banke</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">limtuakang <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Nov-11 9:31 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 20) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>12731.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>The government and bankers should take some blame for the minibond fallout. Will it happen in Singapore too ?

Several heavyweight current and former officials working on financial affairs as well as some top bankers could be summoned to testify before the legislature if lawmakers decide to invoke their special powers to probe the Lehman Brothers saga.

Sensitive papers concerning the internal operations of banks are also expected to be revealed now that the Democratic Alliance for the Betterment and Progress of Hong Kong has decided to back the resolution in Legco today that will empower a subcommittee to investigate.

Last night the DAB decided that its nine legislators would vote in favour of the resolution to invoke the Legislative Council (Powers and Privileges) Ordinance, to empower the subcommittee investigating the circumstances leading to small investors losing money in Lehman Brothers-related investments.

Read full article here:

[URL]http://wayangparty.com/2008/11/12/bankers-could-face-public-probe/[/URL]</TD></TR><TR><TD> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>