XN000022-1994-06-15 — Page 27

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WEDNESDAY, JUNE 15, 1994

CUMULATIVE COST FOR PROSECUTING

FORMER CHAIRMAN OF CARRIAN GROUP REVEALED

THE CUMULATIVE COST TO DATE OF THE SERIES OF ACTIONS TAKEN RELATING TO THE PROSECUTION AGAINST THE FORMER CHAIRMAN OF THE CARRIAN GROUP OF COMPANIES IS ABOUT $223.1 MILLION, ACCORDING TO THE GENERAL, THE HON JEREMY MATHEWS.

ATTORNEY

THE

REPLYING TO A QUESTION RAISED BY THE HON JIMMY MCGREGOR IN LEGISLATIVE COUNCIL TODAY (WEDNESDAY), MR MATHEWS SAID THE FORMER CHAIRMAN OF THE CARRIAN GROUP OF COMPANIES HAD FACED, OR WAS CURRENTLY FACING, PROSECUTION IN THREE CASES.

THE FIRST OF THESE CASES INVOLVED ALLEGED OFFENCES IN RESPECT ENDED IN THE CARRIAN GROUP OF COMPANIES. THE TRIAL OF THAT CASE

MAY UNTIL ALTHOUGH THE PROCEEDINGS WERE NOT FORMALLY CONCLUDED 1988, MR MATHEWS SAID.

OF 1987

·

COMPLEX

THE TRIAL OF THE SECOND CASE, RELATING TO BUMIPUTRA MALAYSIA

(BMFL), FINANCE LTD

HAD NOW FORMALLY

UNDER THE STARTED COMMERCIAL CRIMES ORDINANCE, HE ADDED.

THE

THIRD

BY CASE INVOLVED ALLEGATIONS OF CORRUPTION EXECUTIVES IN THE HONG KONG BRANCHES OF TWO OVERSEAS BANKS.

SENIOR

THE TRIAL OF THAT CASE WAS PENDING IN THE DISTRICT COURT BEEN POSTPONED UNTIL AFTER THE CONCLUSION OF THE SECOND CASE,

HAD MATHEWS SAID.

AND MR

THE ATTORNEY GENERAL SAID THE TOTAL COST OF THE CARRIAN CASE SECOND AND WAS $91,546,984. THE TOTAL COMBINED COST TO DATE OF THE THIRD CASES, WHICH WERE CURRENT, WAS $131,553,462.

COST OF

THE

THE CARRIAN CASE AND OF THE BMFL RESPECT OF ALL DEFENDANTS AND ALL PROCEEDINGS, HE NOTED.

CASE WERE

IN

TRIAL THAT HAD DURING THE

AS REGARDS TIMING, IT WAS EXPECTED THAT THE RECENTLY STARTED, IN RESPECT OF BMFL, WOULD BE CONCLUDED COURSE OF 1995, MR MATHEWS SAID.

HE

NOTED THAT IT WAS NOT POSSIBLE TO ESTIMATE THE COST OF FURTHER NECESSARY ACTION.

ANY

ALREADY FORMALLY

AFTER

"AS I HAVE SAID, THE TRIAL OF ONE CASE HAS STARTED, AND THE TRIAL OF ANOTHER CASE HAS BEEN POSTPONED UNTIL THE CONCLUSION OF THE CURRENT TRIAL.

THOSE

IN THAT

"THE COST OF FUTURE ACTION WILL DEPEND ON THE COURSE OF PROCEEDINGS AND IT WOULD NOT BE PROPER FOR ME TO SPECULATE REGARD, MR MATHEWS SAID.

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