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Video: Tan Kin Lian implores investors to fight on till the end

Avantas

Alfrescian
Loyal
Excerpts of Mr Tan Kin Lian's speech:

"Some of you have seen the MP and the MP did not do anything. Go and see him again, it's the MP's job, but this time ask the MP to ask MAS what happen to the petition, at least the MP must ask MAS on your behalf. If you ask the MP to give you back the money, the MP can't."

"I also ask the lawyers to get a Queen's Counsel from England for opinion. If the opinion is not strong, then there is no need for you to take class action suit. If the opinion is strong, then we will ask you to take legal action."

"Can I have a show of hands how many lodge complaint with FIRDReC ? Nobody."

"May I have a show of hands how many interviewed by the bank, please put up. It's about 10%. How many got an answer ? Okay, just 1%. Here there is 200 people, only 20 got interviewed by the bank and only a few got an answer. I think it is very slow."

"My last point is to give you encouragement. I know all this is very slow, but don't worry, because this thing will never die, because the longer you carry on, the reputation of Singapore will go down, we won't let it die. If later on Hong Kong or US, the court case is in favor of the investors, then Singapore is of course not so nice. So don't worry, be patient. We just carry on until we get a solution."

"I will give you another update next week. All right, so let me wish all of you seasons' greeting and a better 2009. Thank you."

Watch video of Mr Tan's speech in 2 parts here:

http://wayangparty.com/2008/11/29/mr-tan-kin-lians-speech-at-hong-lim-park-29-november-2008/
 
Z

Zombie

Guest
He's not a lawyer...

Which is why he should not try to absolve the investors by insisting full legal responsiblities on MAS/FIs from the beginning.

Now he is suggesting the possibility that legally they may have no case.
 
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