successful Malay businessmen in Malaysia. That the loans were
made to the Carrian Group when it was one of the largest property
conglomerates in Asia and was then universally regarded as one
of the safest and most profitable investment opportunities in
Hong Kong. That although immense losses were suffered, this
cannot be placed at Mr. Osman's door since he could not be
expected to anticipate the collapse of the Hong Kong property
market which resulted in the liquidity problems which eventually
brought about the collapse of the Carrian Group. That he is
being made a scapegoat for the losses as a result of improper
cooperation between senior personalities in both governments.
The decision of the Secretary of State of 15th June, 1992,
to issue a warrant ordering Mr. Osman's return under s. 12 of the
Extradition Act 1989 followed the dismissal on 11th June, 1992,
of Mr. Osman's petition for leave to appeal in the House of Lords
against the dismissal of his
of his seventh application for habeas
corpus and his associated application for judicial review.
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