TNAG-2653-FCO40-3846-Extradition-cases-from-the-UK-and-France-to-Hong-Kong-Lorrai-1992 — Page 17

who

pleaded guilty

DE CXX/07/MEG/JPB

Messrs SANIMAN, OSKAN and SHAMSUDIN are in addition accused of passive corruption and Mr SANIMAN is also accused of fraudulently misusing, through the sane manoeuvres and forged documents, for his own personal use, funds entrusted with him, in particular by applying them as security for personal loans from other banking institutions to himself.

The advances made to the CARRIAN Group under Mr SANIMAN's responsibility through fraudulent manoeuvres or forged documents, use of forged documents and breach of trust, between 1979 and 1983, amount to US $ 292 million, USS 138 million, USS 100 million, USS 97 million and US 8 30 million. The bribes he is alleged to have accepted were amounts totalling in excess of HKS 14.5 million and $485,000 together with shares. The assets which Mr SANIMAN is alleged to have fraudlently misappropriated vere amounts of $ 500,000, HK$ 5,400,000 and HKS 2,200,000.

All the facts upon which the accusations are based are born out in detail by affidavits either from officers of BBMB and BNFL, who were the direct witnesses of the reproached actions, or from certain co-accused of Mr SANIHAN (Xe SHAMSUDIN at his trial in early 1987, Mr OSMAN at the time of his arrest in London in December 1986).

to conspiring with me. Saniman Yo

defraud and acceking assoas

The courts of the United Kingdom have been involved in the merits of the case in the context of the English extradition proceedings. They have considered that there is sufficient evidence of involvement of Mr OSMAN to justify his imprisonement pending his extradition to Hong Kong and there were, in addition. conclusive evidence of fraudulent manoeuvres by Mr OSMAN, SANINAN and SHAMSUDIN and of corruption.

The BMFL case is the largest international banking fraud ever prosecuted. It is also the most significant prosecution which ever took place in Hong Kong. The case attracted unprecedented media and public attention in Asia as well as in Burope, even within the British parliament. The capacity of the prosecution in Hong Kong to have the alleged authors of the fraud put to trial may be a tout for Justice, and investors' safety, not only in Hong Kong but in Asia ia general.