Over 300 investors turned up at Hong Lim Park to attend Mr Tan Kin Lian’s last minibond rally. Subsequent meetings will be organized by the group leaders for the various notes.
Mr Tan began by presenting a summary of the minibond rallies he had held so far since October. He had sent 3 petitions to MAS and no reply was heard. Letters sent to MAS to investigate the banks for possible breaches of law under the Financial and Securities Act were also not given a reply.
In a rather blunt criticism of the authorities, Mr Tan castigates them for not giving a reply to him and the investors. Using himself as an example, he said he would make an effort to reply to every email investors sent to him even though he is not paid to do so. On the contrary, the officials who are earning a regular salary to do the job should be more proactive in attending to this matter. He said Singapore has now become a place where there is neither accountability or transparency to the cheers of the crowd.
Read full article here:
http://wayangparty.com/2008/12/27/last-minibond-rally-at-hong-lim-park/
Mr Tan began by presenting a summary of the minibond rallies he had held so far since October. He had sent 3 petitions to MAS and no reply was heard. Letters sent to MAS to investigate the banks for possible breaches of law under the Financial and Securities Act were also not given a reply.
In a rather blunt criticism of the authorities, Mr Tan castigates them for not giving a reply to him and the investors. Using himself as an example, he said he would make an effort to reply to every email investors sent to him even though he is not paid to do so. On the contrary, the officials who are earning a regular salary to do the job should be more proactive in attending to this matter. He said Singapore has now become a place where there is neither accountability or transparency to the cheers of the crowd.
Read full article here:
http://wayangparty.com/2008/12/27/last-minibond-rally-at-hong-lim-park/
