裕民財務
:
!
10
BUMIPUTRA MILAYSIA FINANCE LIMITED
18/
CRILE
¦ (lev sroprated in Hong Kong);
JE TOWER ONE. 18 Karødurt roAO, HONG KONG
771267=-TELEX: PUTRA HX 85073
STRICKLY CONTÑOSMETAL
Group Chairman
RTEAS
Bank Bumiputra Malaysia Beriac!
DRATA
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Landing started with the: Gammon House purchase by the Carian Group.
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Agreement made betwee: Tengku Ragaleigh and the Carzian Group (Tan) before the GH sale.
The agreement ignored the Banks interests and meant that the Ministry (Millister) of Finance controlled The landing to the cafian Group. I am unable to confirm whether the arrangement was of personal
(iz or intended to benefit the doultry
Lending' from BMFL (to CC) was no longer governad by financial or commercial considerations but by other interests.
The Sqnešti Managty wap is
responsible for the
administration of lozas and obtaining proper security appears to have received considerable financial benefit from the Carwain Group] (GT).
The General Manager has a close financial link wich the Minister of Fisasca. He appears to hold a number of shares in a family company and manages and administers a number of financial accounts and investments in
Hong Kong on behalf of the Minister.
The Directors failed tb thoroughly investigate completion of security arrangements.
In normal circumstances and if other factors (above) were not present the Difactors failure would not have been so damaging. Where relationships have developed which overide the interests of the Bask, and incompleta information provided to Board Meetings, then the situati which now exists can develop.
situatigpi