2.
MEETING WITH MR ROBERT FELL STATEMENt of bmfl'S POSITION
BMFL's books are audited both internally and externally as
well as having been examined by the Banking Commissioner
of Hong Kong.
of its books
Accordingly BMFL maintains the correctness
The Group Executive Chairman of BBMB has in
fact made such a public statement recently.
:
BMFL has never made any declaration to the financial
advisers of the two debt scheduling schemes. Accordingly
there can be no question of BMFL having understated
Carrian loans.
3.
The legal advisers of Carrian have indicated that Carrian
stands by the correctness of the Scheme Accounts in
respect of both CIL and CHL Schemes. There is accordingly
a dispute between Carrian and BMFL as to the amount owing
by CIL, CHL and companies beneficially owned and
controlled by Mr Tan and his family.
4.
In order to resolve such dispute and with the aim of
making the two schemes a success (assuming that can be
achieved), BMFL is in principle prepared to accept with no
legal commitment at this stage a proposal from Mr Tan
whereby Mr Tan and his family controlled companies (except
CHL) takes up the disputed amount, and upon formal
acceptance, after full investigation, joins the CHL scheme.
5.
;
BMFL would be prepared to go further into discussing the
implementation of the proposal set forth above, if Mr Fell
indicated that he saw no fundamental objection to it.
✓
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