Date:

28.11.86

Time:

8.30

-

12.30

Reporter:

PMS

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CIR:

Special project launched.

ID

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MR CHUNG:

Yes, special project.

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CIR:

6

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ider

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so to speak. Some of the special projects which we initiated were 7 found to be quite profitable. Of these,

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projects set up since, you know, '75-6.

The majority of them have

9 now been completed. Some are abortive. Some are productive. Some

are still continuing.

But for operation reasons I would ask that

we should not disclose the identity of the projects.

We do have a number of special projects

something like 50 special

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MR CHUNG:

But the number of projects have been

14 decreasing, is that right, during these few years?

t

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CIR:

The number for our attention diverted into

17 special project decreased, is that your question?

ctor

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1

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ave

Y

MR CHUNG:

CIR:

Yes.

I think the answer is that we have not

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2 2 2 2 2 2 2 2 2

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diverted all our resources on the special projects.

MR CHUNG:

CIR:

Right.

But our investigation activity cover, in fact, a wide spectrum of the business activity and some of income activities, and in this activity in fact included, accidentally or 29 coincidentally, also covered by our special projects as well.

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MR CHUNG:

I see.

on

sful

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CIR:

Now these so-called special projects are no more than targets or business activity suspected with tax evasion, 35 only suspected, which we pick up either in the course of our

36 investigation on, say, a line of business or in the course of our

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