Is This Why Khoo Family Lost Standard Chartered Bank ?
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Do you people remember how Temasek or GIC bought Standard Chartered Bank from the Khoo Family after the family patriarch died ?
the Khoo Family were lightly punished in court after a court case involving tax evasion ? Shortly the Family sold the Bank to S'pore Govt at a low price and yet the bank was then quickly sold to a foreign buyer ?
Standard Chartered Bank as it turns out is not a simple, normal bank and was used to be 1 of 5 banks allowed to operate in Iraq shortly after the US Occupation.
so why did the S'pore Govt did what it did ? time to put on your thinking caps, guys.
The Chartered Bank of India, Australia and China was founded in London in 1851. It opened the Shanghai branch in 1858 and the bank's business was in large volume discounting of opium bills.
Transactions in the opium trade generated huge profits for Chartered Bank and the Jews who controlled it.
Later, Chartered Bank became a principal foreign banknote-issuing institution in Shanghai. In 1862, the bank issue bank notes in Hong Kong, a privilege it exercises to this day. Later, it printed bank notes in China and Malaya.
Besides usury, the bank also dealt in cotton, indigo, tea, rice, sugar, tobacco, hemp and silk across Asia.
In 1927, Chartered acquired P&O Bank, which had offices in Colombo, Shanghai, Hong Kong, Singapore, and Canton. P&O Bank also owned Allahabad Bank.
In 1957, Chartered acquired Eastern Bank, with branches in Aden, Bahrain, Beirut, Lebanon, Qatar and UAE.
Chartered Bank merged with Standard Bank of South Africa in 1969, and the combined bank became the Standard Chartered Bank.
<--- http://sgforums.com/forums/10/topics/400736
Do you people remember how Temasek or GIC bought Standard Chartered Bank from the Khoo Family after the family patriarch died ?
the Khoo Family were lightly punished in court after a court case involving tax evasion ? Shortly the Family sold the Bank to S'pore Govt at a low price and yet the bank was then quickly sold to a foreign buyer ?
Standard Chartered Bank as it turns out is not a simple, normal bank and was used to be 1 of 5 banks allowed to operate in Iraq shortly after the US Occupation.
so why did the S'pore Govt did what it did ? time to put on your thinking caps, guys.
The Chartered Bank of India, Australia and China was founded in London in 1851. It opened the Shanghai branch in 1858 and the bank's business was in large volume discounting of opium bills.
Transactions in the opium trade generated huge profits for Chartered Bank and the Jews who controlled it.
Later, Chartered Bank became a principal foreign banknote-issuing institution in Shanghai. In 1862, the bank issue bank notes in Hong Kong, a privilege it exercises to this day. Later, it printed bank notes in China and Malaya.
Besides usury, the bank also dealt in cotton, indigo, tea, rice, sugar, tobacco, hemp and silk across Asia.
In 1927, Chartered acquired P&O Bank, which had offices in Colombo, Shanghai, Hong Kong, Singapore, and Canton. P&O Bank also owned Allahabad Bank.
In 1957, Chartered acquired Eastern Bank, with branches in Aden, Bahrain, Beirut, Lebanon, Qatar and UAE.
Chartered Bank merged with Standard Bank of South Africa in 1969, and the combined bank became the Standard Chartered Bank.
